Signature Associates

Signature’s Greg Hudas and Joe Hamway are proud to handling the leasing on this exceptional development!    For leasing information on Eastland Commerce Center Building 2, click here. For leasing information on Eastland Commerce Center Building 3, click here. Click here to read the Crain’s article  

Posted By: The Oakland Press on October 15, 2024.  For more information, please click here to read the source article. The paperwork transferring ownership of the Ottawa Towers and Phoenix Center is done. Now, Oakland County Executive David Coulter is reminding people to be patient. Demolishing the Phoenix Center and building a new parking garage will take time, as […]

Posted By: CoStar on October 29, 2024.  For more information, please click here to read the source article. Fast-casual restaurant chain TGI Fridays Inc. has closed about 50 of its U.S. locations in the past week as the nation’s dining industry grapples with inflation and customers trimming their spending. The Dallas-based chain’s number of eateries has diminished on […]

Posted By: mlive on October 22, 2024.  For more information, please click here to read the source article. Meijer Inc. plans to break ground on a project at the former headquarters of the Christian Reformed Church of North America on Grand Rapids’ southeast side. The Midwest grocery store chain purchased the property for $7.35 million. The Grand Rapids […]

Posted By: Detroit Free Press on September 19, 2024.  For more information, please click here to read the source article. An ambitious plan for redeveloping the old Northland mall property in Southfield is starting to become a reality. An initial batch of two newly constructed, six-story and 100-unit apartment and retail buildings is nearing completion, and the second […]

Posted By:  The Detroit News on September 11, 2024.  For more information, please click here to read the source article. Plans for the former Kmart headquarters in Troy are taking shape. During a meeting before the city’s planning commission this week, Nathan Forbes, president of the Forbes Company, highlighted plans for project called Somerset West along West Big […]

Posted By: The Toledo Blade on September 9, 2024.  For more information, please click here to read the source article. Wyoming city leaders announced a massive investment for the city. The former 75-acre GM property that has sat vacant for 15 years is getting new life. “So Benteler Automotive has purchased these 20 acres on the southwest portion […]

Posted By: The Toledo Blade on September 8, 2024.  For more information, please click here to read the source article. Toledoans who were hoping that an apartment building would be built across the street from the Westgate Village shopping center are going to be disappointed. Liz Holland, the chief executive officer and general counsel of the company that […]

 Posted By: Toledo Blade on September 9, 2024.  For more information, please click here to read the source article. Lucas County commissioners on Tuesday will consider advertising for bids for a remediation project at South Avenue and Kuhlman Drive, near I-75, where a new Material Recovery Facility will be located. The project requires remediation at the site, a […]

Posted By: mlive on August 28, 2024.  For more information, please click here to read the source article. A proposed redevelopment of the old Catholic Charities building in Muskegon is underway. West Urban Properties is busy knocking down walls inside the old building at 1095 Third St. to prepare it for redevelopment as Midtown Center, which will include […]

Joe Hamway and Greg Hudas of Signature Associates’ Southfield brokerage team were proud to be a part of this deal and are handling the lease and marketing of this property.  Click here to learn more about the property. This article was posted by Crain’s Detroit Business on August 14, 2024.  For more information, please click here to read the […]

Posted By: Detroit Free Press on June 3, 2024.  For more information, please click here to read the source article. Greg Hudas and Joe Hamway of Signature Associates are handling the leasing of Eastland Commerce Center.  Click here for more information about ECC.   The successor to the former Eastland Center mall is now officially open and ready […]

Posted By: The Toledo Blade on June 12, 2024.  For more information, please click here to read the source article. After sitting vacant for over a year, the former St. Luke’s Hospital will likely be demolished, Mercy Health Toledo announced Wednesday. The proposed demolition is expected to include the former cancer center, though the remaining buildings will be […]

Posted By: The Detroit News on May 29, 2024.  For more information, please click here to read the source article. Dan Gilbert said he and other business and government leaders are still in “brainstorming mode” for what to do with downtown Detroit’s Renaissance Center, the General Motors Co. global headquarters that the automaker will vacate next year. “I […]

Posted By: The Detroit News on May 24, 2024.  For more information, please click here to read the source article. Demolition of the Northville Downs, which hosted its last harness horse race in February, has begun and is expected to last until July, according to real estate developer Hunter Pasteur. The now-defunct Downs, Michigan’s last harness horse racing track, […]

Posted By: mlive on May 29, 2024.  For more information, please click here to read the source article. A long-vacant grocery store on Bridge Street NW would be demolished and replaced with a five-story apartment building containing 150 units and ground-floor commercial space under a plan being pitched by a metro Detroit developer. Ryan Talbot, owner of Talbot […]

Posted By: The Detroit News on May 1, 2024.  For more information, please click here to read the source article. The owner of Lakeside Mall has set July 1 as its closing date, paving the way for a $1 billion redevelopment of the Sterling Heights site. Miami-based Lionheart Capital’s retail subsidiary Out of the Box Ventures announced the […]

Posted By: Toledo Blade on May 10, 2024.  For more information, please click here to read the source article. The former DuPont plant at 1930 Tremainsville Rd. is being demolished by its new owner, a Michigan corporation organized by James Hewines of Royal Oak, Mich. The corporation, known as 1930 Tremainsville LLC, bought the property for $500,000 on […]

  Corewell Health will bring 240 new jobs to Wyoming as part of the health system’s $80 million planned redevelopment of a former GM stamping plant site near U.S. 131. Corwell is planning to turn the property at 300 36th St. SW into a 296,515-square-foot “consolidated service center” featuring a distribution center, document and mail […]

Posted By: Toledo Blade on April 15, 2024.  For more information, please click here to read the source article. Washington Local Schools will buy Toledo’s former Tamaron Country Club for $1 million for use as sports fields and possibly as the site for a new elementary school. During a special meeting Monday, the district Board of Education voted unanimously to spend $700,000 to […]

Signature Associates’ Joe Banyai and Ben Wilkiemeyer represented the seller.  Signature is proud to have been a part of this amazing deal! For more information, please click here to read the source article. Posted By: Crain’s Detroit Business on February 28, 2024.      

Posted By: Detroit Free Press on February 22, 2024.  For more information, please click here to read the source article. General Motors will break ground on the site of the former Palace of Auburn Hills this summer, beginning its plan to redevelop the former concert and sporting stadium into a parts plant for electric pickup trucks. The former home of […]

Posted By: Yahoo News on February 23, 2024.  For more information, please click here to read the source article. Corewell Health is working on large service center in Wyoming. The close to 300,000 square-foot consolidated service center is planned for a 40-acre site at 300 36th St. SW near Buchanan Avenue, planning documents say. The property has sat […]

Posted By: The Detroit News on October 24, 2023.  For more information, please click here to read the source article. The Michigan Strategic Fund Board agreed Tuesday to increase brownfield tax incentives for the redevelopment of the former General Motors Transmission Plant site in Warren. The governing body of the Michigan Economic Development Corp. increased the authorized capture […]

Posted By: mlive on February 1, 2023.  For more information, please click here to read the source article.   The Grand Rapids City Commission has approved a tax incentive, valued at $103 million over 27 years, to help transform a former industrial site on Godfrey Avenue SW into a mixed-use development with hundreds of apartments, commercial space and […]

Posted By: mlive on September 21, 2023.  For more information, please click here to read the source article. A prominent local developer has plans to purchase and redevelop the sprawling Windward Pointe former paper mill site on Muskegon Lake. Jon Rooks entered a purchase agreement in July for the 122-acre “Windward Pointe” site on Lakeshore Drive that once […]

Posted By: The Toledo Blade on July 24, 2023.  For more information, please click here to read the source article. Redevelopment plans are coming to fruition in Monroe at the former La-Z-Boy world headquarters site. An Aldi grocery store, a five-unit strip center with a drive-through, and two six-unit residential buildings are planned for the 26-acre cleared site […]

Posted By: The Detroit News on June 26, 2023.  For more information, please click here to read the source article. During the fall, the owners of Lakeside Mall signed a deal with the city of Sterling Heights that would pave the way for the redevelopment of the 110-acre site into a mixed-use complex. Tenants at the mall are […]

Posted By: The Detroit News on May 29, 2023.  For more information, please click here to read the source article. Oakland County has proposed a downtown redevelopment partnership with the city of Pontiac that would move several county operations and as many as 600 employees from the current Oakland County campus of 45 buildings in northwest Pontiac […]

Posted By: CoStar on May 25, 2023.  For more information, please click here to read the source article. Popular membership warehouse club Costco has acquired land at the former Northland Mall site in Southfield, Michigan, where it plans to open its first Costco Business Center in the state. The Washington-based retailer paid $6.5 million to acquire a 13.38-acre […]

Posted By: Detroit Free Press on April 12, 2023.  For more information, please click here to read the source article. Fundraising challenges have forced the nonprofit organization that puts on Detroit’s annual fireworks and Thanksgiving Day parade to delay its $45 million plan to buy and redevelop a long-vacant naval armory near the Belle Isle bridge. Detroit officials […]

Posted By: mlive on April 11, 2023.  For more information, please click here to read the source article. Several dilapidated, largely vacant warehouses along the 600 block of Godfrey Avenue SW would be transformed into a 475-unit housing development with office, retail and event space, and a food hall under a proposal from three metro Detroit developers. The […]

Posted By: mlive on March 8, 2023.  For more information, please click here to read the source article.   A southeast Michigan developer is bringing back plans to build a 111-room, five-story Staybridge Suites hotel at a vacant lot on the west side of the Grand River at 942 Front Ave. NW. Jimmy Asmar, of Stellar Hospitality Grand […]

Posted By: The Monroe News on March 13, 2023.  For more information, please click here to read the source article.   More than 140 acres off of LaPlaisance Road has been cleared and construction is now well underway in preparation for a Ford Customer Service Division packaging facility in Monroe Township. Announced in May 2022, the facility will […]

Posted By: mlive on February 24, 2023.  For more information, please click here to read the source article.   A long-time eyesore on a boulevard about to get a major makeover is up for sale – and the property has a bargain-basement price to attract developers. The dilapidated warehouse on Glenside Boulevard near Sherman Avenue has been acquired […]

Posted By: The Detroit News on January 5, 2023.  For more information, please click here to read the source article. Four contaminated properties in Detroit, including the former American Motors Corp. headquarters site, will receive financial help for cleanup after the Michigan Department of Environment, Great Lakes, and Energy approved $5.8 million in brownfield grants, loans and tax […]

Posted By: Detroit Free Press on January 11, 2023.  For more information, please click here to read the source article. Developers are teeing up plans to turn another Lyon Township golf course into a subdivision of single-family homes. A conceptual plan to put 182 single-family homes on the 160-acre Cattails Golf Club site was presented to the Lyon […]

Posted By: The Detroit News on November 1, 2022.  For more information, please click here to read the source article.   Plans to redevelop the struggling Lakeside Mall into a mixed-use development moved forward Tuesday night when Sterling Heights City Council approved an agreement with the shopping center’s owner. The council approved, by a 5-2 vote, a memorandum […]

Posted By: The Detroit News on November 4, 2022.  For more information, please click here to read the source article.   Ford Motor Co. this week sold its Regent Court office building in Dearborn to a local real-estate developer who is planning a mixed-use redevelopment of the property. Mike Shehadi, CEO of Farmington Hills-based pharmacy company PharmaScript, confirmed […]

Posted By: The Blade on October 23, 2022.  For more information, please click here to read the source article.   Long before the board approved formal negotiations in August, Toledo Public Schools administrators had been negotiating to sell two former school properties, emails obtained by The Blade show. Email records from the district show Goodwill Industries and Connecting […]

Posted By: The Blade on October 18, 2022.  For more information, please click here to read the source article.   They call him “Coach.” Jim Jones, co-founder of a 19-year-old business called JAM Fleet Service, prefers that title and not because he once coached Sylvania Northview High School’s varsity wrestling team. He’s an unconventional owner of an unconventional business […]

Posted By: Toledo Blade on September 22, 2022.  For more information, please click here to read the source article.   The Lucas County Land Bank said Thursday that four developers have been formally shortlisted to redevelop the Spitzer and Nicholas buildings in downtown Toledo. Eight development teams submitted initial proposals. The four finalists will be invited to submit […]

Posted By: The Monroe News on September 4, 2022.  For more information, please click here to read the source article.   The former Kmart in Frenchtown Charter Township will soon become a climate-controlled storage facility. New England-based self-storage developer True Storage has begun preliminary work to convert the sprawling remains of the former retailer into a self-storage facility […]

Posted By: MiBiz on August 31, 2022.  For more information, please click here to read the source article.   A pair of Grand Rapids nonprofits plan to redevelop a vacant furniture manufacturing building on the city’s south side into housing and office space and also construct an onsite tiny home community. Mel Trotter Ministries and Next Step of West Michigan — […]

Posted By: The Toledo Blade on September 7, 2022.  For more information, please click here to read the source article.   Toledo leaders say they hope redeveloping two of downtown’s largest and oldest buildings, the Spitzer and Nicholas, will spur additional investment in the area. Much of downtown could use such a jolt: Despite the revitalization of the […]

Posted By: MiBiz on August 8, 2022.  For more information, please click here to read the source article.   Marketing agency 1 Bold Step LLC has purchased a small office building on Grand Rapids’ west side as company executives gradually return to more in-person work. The Grand Rapids-based marketing firm purchased the building at 1255 Front Ave. NW for $575,000 […]

Posted By: The Detroit News on July 25, 2022.  For more information, please click here to read the source article.   The curtains were literally coming down Monday afternoon on the Main Art theater in Royal Oak as a crew worked to demolish the 80-year-old venue, a  showcase of independent cinema in Metro Detroit since the 1990s. Red curtains […]

Posted By: The Toledo Blade on July 26, 2022.  For more information, please click here to read the source article.   The abandoned Rosemary Apartments, the site of a tragic teen death in 2016, will be demolished, the Lucas County Land Bank announced Tuesday. The announcement was made on what would have been the 23rd birthday of Joshua […]

For leasing information on Eastland Commerce Center, contact Joe Hamway/Greg Hudas. Posted By: The Detroit News on July 7, 2022.  For more information, please click here to read the source article.   Sixty-five years after Eastland Center opened its doors to shoppers, the developer of a $94 million industrial complex broke ground on the project that will replace […]

The vacant Lorraine Hotel cleared the first hurdle in its quest for revival on Thursday when the Toledo City Plan Commission unanimously approved a zoning change that will allow the prospective developers to move forward with the project. The project is being represented by Everett Gransberry and Monika Moss-Gransberry through Walnut Ventures LLC out of […]

With the dust of COVID-19 finally beginning to settle, commercial development in metro Detroit is once again bustling. Big plans are in store for several the area’s shopping malls and office buildings, many of which were left abandoned or under-utilized during the peak of the pandemic. Read on to see what’s in store for notable […]

The Toledo City Plan Commission Thursday approved a major site plan to redevelop the former North Towne Square location for industrial use. The proposal is being designed by Mannik & Smith Group of Maumee and would include three industrial buildings totaling approximately 852,000 square-feet, according to the plan commission staff report. NorthPoint Development with an […]

The new owner of Fairlane Town Center says it will redevelop the Dearborn mall for mixed use-destinations after its previous owner defaulted on loans. Centennial, a Dallas-based real estate investment firm focused on retail and mixed-use properties, on Wednesday said it has acquired the struggling 1.4 million-square-foot shopping center from Florida’s Starwood Capital Group. Details of […]

The former Courtland Racquetball Club in Shelby Township is expected to be razed to make way for a new Porsche dealership. Township staff said the new dealership would be about 23,000 square feet on the east side of Mound Road and north of Hall Road/M-59. Construction could start as soon as late May or early […]

Out with the old, in with the new. That’s the theme behind a few demolition projects underway in the suburbs to make way for more than $300 million in new development across two very different sectors. In Birmingham, a handful of single-story buildings at the corner of Brown Street and Old Woodward Avenue have been […]

The Royal Oak Planning Commission recommended demolishing the Main Art Theatre in favor of a five-story mixed-use building in a 4-2 vote Tuesday night. The public meeting included a presentation of the proposed building plan and roughly one and a half hours of public comments, mostly from those in support of the theater. Main Art Theatre, a […]

After nearly a year of running a cold-pressed juice shop in Grosse Pointe, Rachael Schroeder and her husband, Kevin, decided to expand their business, Rhythm & Blue Juice Co. They chose retail space at the Elton Park Corktown Apartments for their second location, which they opened in late January — another business betting on the […]

The city of Detroit has, by far, the most new industrial construction underway out of anywhere else in the region. Some 2.75 million square feet is in the ground, according to a fourth-quarter report from the local office of New York City-based brokerage house Newmark. That’s the future. But what about all of its industrial past? That’s the […]

The owners of the Westgate Village Shopping Center plan to purchase the vacant Sears building and redevelop the property, the company’s CEO told The Blade. Liz Holland, the CEO of Chicago-based Abbell Credit Corp., which owns the Westgate plaza, said the vacant building will be razed and the company will evaluate various redevelopment proposals for […]

As demolition of the former Eastland Center shopping mall proceeds, developers of a $94 million project to reuse the property in Harper Woods have named a leasing agent to market the 80-acre site for potential tenants. Signature Associates said Thursday it will exclusively lease space for the development, known as the Eastland Commerce Center, at […]

More than 12 years after General Motors closed its 36th Street stamping plant in Wyoming, the site has a new owner with an eye on redevelopment. Franklin Partners LLC announced Thursday that it has bought the property now known as Site 36 after gaining approval from the Wyoming Brownfield Redevelopment Authority. Wyoming City Manager Curtis […]

Michigan’s economic engine on Tuesday approved incentives for redevelopment of the former prison site in Northville and Plymouth townships. The $38.7 million project calls for a nearly 66,000-square-foot commercial flex space development from an affiliate of Novi-based real-estate firm Hillside Investments, a large stormwater retention pond and 9,000-square-feet of infrastructure improvements that include sidewalks, curbs, asphalt paving […]

Tire Wholesalers Inc. is expected to move out of its Troy headquarters into a new warehouse/distribution building more than double its current footprint under construction in Oak Park. The company, based at 1783 14 Mile Road, is taking the entire 275,000-square-foot building underway on the former Detroit Artillery Armory site, expanding from 100,000-plus square feet […]

Minneapolis-based The Opus Group, which has a subsidiary in Ann Arbor, is starting construction on a 275,401-square-foot industrial building on the site of the former Detroit Artillery Armory on Eight Mile Road in Oak Park. Prior to the start of construction, the originally planned speculative building has been fully leased to an undisclosed user. It […]

A $180 million plan to redevelop the former General Motors Transmission plant site in Warren is expected to bring 1.4 million-square feet of new industrial space and 600 jobs, according to the city. The Warren City Council will consider on Tuesday a brownfield plan for the 117-acre site at 23500 Mound. The owner, Missouri-based NorthPoint Development, […]

Toledo City Councilman Theresa Gadus hopes the imminent auction of a long-troubled hotel in her district means a new beginning. “I think that the timing of it would be wonderful for the right purchaser,” Ms. Gadus said of the former Days Inn and Jill’s Bar and Grill near I-75 in East Toledo. “The momentum is […]

The Eastland Center site in Harper Woods is one step closer to a $94 million redevelopment after Michigan Economic Development Corp.’s Michigan Strategic Fund board approved Tuesday tax incentives for the project. The $4.7 million in brownfield tax credits were granted to Missouri-based NorthPoint Development, which plans to build three commercial light industrial buildings totaling […]

Lucas County leaders hope that a share of the $350 million in state money available this year to clean up contaminated sites could lead to the future redevelopment of the Nicholas and Spitzer buildings downtown. Known as brownfield sites, their legacy of pollution at such properties often stands in the way because of additional redevelopment […]

The 142-acre Harbor Dunes Golf Club in Monroe Charter Township will soon be transformed into an automotive-related warehousing and distribution center, township supervisor Al Barron announced Tuesday. Barron revealed the first details of the proposed project at the Monroe County Chamber of Commerce’s December Koffee Club event, at which elected officials from across the region discussed ongoing and upcoming […]

A developer growing its industrial presence in Detroit plans to demolish the former American Motors Corp. headquarters site for a new development, likely for an automotive supplier, officials said.  Detroit Mayor Mike Duggan and other officials announced the $66 million redevelopment Thursday morning at the 2-million-square-foot abandoned AMC campus.  AMC took its headquarters to Southfield […]

As Kmart ends its story in Michigan and closes its last store here in Marshall, the former Kmart Corp. headquarters in Troy still sits awaiting its next chapter. The property at 3100 W. Big Beaver Road, likened in the past to an assortment of brown shoeboxes sticking out of the ground, has been empty for 15 years. Its future […]

Renovating and remodeling Fort Industry Square, comprising 13 buildings with 13 different floor plans hasn’t dissuaded Kevin Prater from taking on what some could see as an even more daunting challenge. “This has probably been the most difficult project I’ve ever done,” the owner of Prater Development Ltd. told an audience of about 100 at […]

A developer has put forth a conceptual design for a massive tower with 500 apartments to be built on the site of the demolished Joe Louis Arena. Detroit-based Sterling Group, which owns the former arena site, submitted a conceptual site plan to the city in July showing a 25-story, 290-foot-tall residential tower called The Louis where the old Red Wings arena […]

City officials on Thursday announced the long-vacant former North Towne Square Mall property will soon be redeveloped into Toledo’s latest industrial park, a move Mayor Wade Kapszukiewicz said will bring at least 500 well-paying, advanced manufacturing jobs to the community. Kansas City-based NorthPoint Development intends to spend $70 million to build two industrial buildings totaling […]

The site of a former state psychiatric hospital in Northville Township will be cleared and redeveloped as an “active recreation site,” after township trustees approved a $12 million bond sale to fund the work, the township announced Tuesday. The bond funding will pay for the removal or relocation of the remaining 11 buildings on the 332-acre site, […]

Eastland Center and Northland Center malls opened in the 1950s to the fanfare of Metro Detroiters looking for a suburban shopping experience. Decades and the internet later, both sites face different futures. Eastland on Vernier Road in Harper Woods will close in January, and an industrial facility will be built in its place. The former […]

After entertaining a number of interested parties, the city of Southfield has finally inked an $11.1 million deal with Bloomfield Hills-based Contour Cos. for a majority of the 114-acre former Northland Center property. The signing of the deal, which was announced July 29, came shortly after the city received approval of a $26 million Michigan […]

Luxury condos, a marina, restaurant, event space and expanded public trails are part of a $250 million vision to transform 30 acres of Muskegon waterfront property. Developer Ryan Leestma and his wife, Emily Leestma, unveiled details of their plans for the Adelaide Point project on Wednesday alongside their development team, city officials and environmental advocates. […]

A building at a key location near Muskegon’s downtown could revert to its historic look through mixed-use redevelopment being sought by city officials. The city-owned building on Third Street had housed offices of Catholic Charities West Michigan, which recently moved to new facilities in the city. The property includes vacant lots on which the city […]

The Michigan Department of Environment, Great Lakes and Energy recently awarded $4.6 million in brownfield grants and loans to five redevelopment projects on contaminated properties in West and Southwest Michigan. The developments are among the 21 that the agency has funded for environmental remediation this summer totaling $15.6 million. The projects that recently received funding […]

The Blake Family of Companies on Tuesday announced the completion of a $1 million redevelopment project that gives the brand a new, expanded multi-purpose, year-round retail and entertainment venue. Blake’s Backyard, located at 5600 Van Dyke Ave. in Almont, is open daily and features a 10,000 square foot taproom that offers Blake’s Hard Cider, beer […]

The City of Southfield finalized the sale Thursday of the abandoned Northland Center mall to a private developer who plans to demolish big portions of the old shopping mall, save some of it and build new housing and commercial space. Bloomfield Hills-based Contour Companies closed on the $11.1 million purchase agreement for the 97-acre site and the money is sitting […]

The developer who earlier Thursday confirmed its plans to tear down the Eastland Center mall in Harper Woods is also attempting to buy and redevelop General Motors Co.‘s idled Warren Transmission Plant, Crain’s has learned. Riverside, Mo.-based developer Northpoint Development LLC has the 123-acre site at 23500 Mound Road under contract to purchase, with the deal expected to […]

The owner of Rosie O’Grady’s, a popular downtown Ferndale bar and restaurant, closed the establishment over the weekend and aims to redevelop the property in the city’s central business district. In a Saturday evening post on Facebook, the restaurant owners said the establishment would be closing for good, and said “staffing shortages” were “in part” […]

Planning officials in Grand Rapids, Kentwood and Wyoming hope a nearly completed study will help spur redevelopment along South Division Avenue after a highly touted bus rapid transit project failed to deliver on its economic development promises. Involving local residents and community leaders to share their vision for the future was a key aspect to […]

Fifteen months ago the city of Toledo soundly rejected tax abatements that would have helped a California firm redevelop the former Elder-Beerman property on Secor Road. It appears the once-popular department store will remain vacant for the foreseeable future because tearing it down and erecting new retail space on the site is not economically feasible […]

The Detroit City Council approved the sale of the R. Thornton Brodhead Naval Armory to the Parade Co. on Tuesday, paving the way for the nonprofit behind Detroit’s Thanksgiving Day parade to turn the long-vacant building into its new headquarters. At a meeting Tuesday the council approved amending the city’s Master Plan to make way for any redevelopment of the site […]