^Nice it’s excellent to hear about another potential EV related project in the city. The site is a good fit for this sort of project & have positive impacts on Arden Park.
The Gateway Industrial Center seems to be doing well under new management the new Innovo building is just about finished. Demand is very high right now for modern manufacturing facilities Lear recently announced plans for a $80 million battery component facility somewhere in the city.
I’ve heard GM has potential plans for the former AMC as a component supplier for factory zero. Though with this announcement from American Axle is a signal as GM is their biggest customer.
Quote:
Industrial Development Funded By Retail Investors Nears Completion
Margaret Jackson
February 17, 2023
Prospective tenants are eyeing Gateway Industrial Center as the multitenant industrial campus in the heart of metro Detroit nears completion.
In the last 60 days, Gateway has provided five leasing proposals to prospective tenants for the 1.4 million-square-foot project. The businesses are looking for spaces ranging from 100,000 square feet to 421,000 square feet. Another four tenants have scheduled tours and submitted requests for proposals for leasing space.
The prospective tenants have the potential to bring an additional $3.2 million to annual revenue generated by the property. A lease extension with Lear for 154,000 square feet increases cash flow by another $1 million from March 2023 through March 2024.
Innovo Development Group paid $94.5 million for the property in January. At the time, it was less than 50% occupied. The two existing industrial buildings totaling 1 million square feet are now 100% leased to four tenants at below-market rents, with a weighted-average remaining lease term of 4.3 years from Jan. 1.
|
https://finance.yahoo.com/news/indus...165136262.html
A Norwegian company that developed the worlds first autonomous wheel is setting up shop in the Michigan Central Innovation District. It’s a small investment but an interesting one none the less & a positive sign for the future of the project.
Gov. Whitmer Announces 155 New Jobs Coming to Detroit, Genesee County
Michigan Economic Development Corporation
Kathleen Achtenberg
Thursday, January 26, 2023
Quote:
wheel.me™, established in Norway in 2013, is a robotics company that has created the world’s first autonomous wheel. The company’s smart wheels can turn almost anything into an autonomous robot, enabling businesses to automate their existing operations and improve automated material handling in manufacturing, logistics, warehouse operations, and elsewhere. The company has 75 employees worldwide.
wheel.me launched the first prototype of its autonomous robots in 2018 and has since grown rapidly and caught the attention of large companies globally. As its first international office in North America, they are now establishing their operations in a leased facility at the Michigan Central Innovation District in the Corktown neighborhood of Detroit. The office will house sales, operations, and supply chain to support customers throughout North America. The company’s future plans also include constructing a manufacturing facility in Michigan.
|
https://www.michiganbusiness.org/pre...enesee-county/