Michigan Real Estate News

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Cannabis Company Opens in Saugatuck Township

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The New Standard cannabis company has moved into a newly built retail store in Saugatuck Township. The new site is the company’s 6th dispensary in West Michigan and seventh store across the state.  Located at 6406 Blue Star Highway, it carries more than 275 products for retail and curbside service. The company opened its first location in Hazel Park in April 2020. New Standard recently acquired Agri-Med LLC which was operating three dispensaries in Muskegon, Edmore and Nunica.

Detroit’s Eastern Market Area Gains Office Space

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Detroit’s Eastern Market and its food-centric footprint is the target of a $24 million office redevelopment plan. Developer Christos Moisides has big plans for a former cold storage building at 2529 Orleans St. The 63,400 square-foot building would included 55,000 square feet of office space. The remainder would be commercial space that would included a brewery and restaurant. Moisides paid $4.1 million for the building and will spend over $17.4 million on construction and other costs. He is seeking a 12-year tax abatement from the city.

Harper Woods Shopping Mall Proposed for Industrial Development

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Harper Woods’ city planning commission is considering a proposal that would turn the struggling Eastland Center shopping mall into a new industrial/warehouse development. NorthPoint Development LLC is asking for a planned unit development that would raze the enclosed mall and build about 1.03 million square feet of industrial/warehouse space across three buildings on the site.  A 514,000 square-foot building would be built on 36 acres of the site. Another 310,000 square feet would be built on 24.1 acres, and 207,000 square feet would be built on 18.8 acres. 15 acres would remain undeveloped.