Michigan Real Estate News

Timely  |  Relevant  |  Informative

The Gillespie Group to Transform Lansing’s Former Sears Location

The Gillespie Group is looking to transform a major business corridor in Lansing, Michigan by developing a former Sears location. Located at 3131 E. Michigan Ave., the property is being marketed as ROECO as a tribute to Sears Roebuck.  Gillespie Group’s project aims to transform the property into a mixed-use entertainment destination. It has already hooked the attention of local and national investors. The new development would come to be as thousands of new housing units are being built across the Lansing area. ROECO is situated in the heart of the region and across the street from new dining, housing and hotel rooms. The timeline and and final product of the project will be in flux as the Gillespie Group continues to find new partners.

 

Dearborn Issues Demolition Notice for Village Plaza Tower

Village Plaza tower, a 12-story office building in Dearborn, is slated for demolition. According to Dearborn Mayor Abdullah Hammoud, the city has issued a demolition notice to the property owners after several attempts address the notices of violation. The demolition notice was issued after an August 12 city inspection. The 285,468-square-foot building has evacuated in early 2018 because of safety issues.

 

Paper Trail Links Birmingham’s Townsend Hotel to Yellen

While Sheldon Yellen is mute about his pending purchase of the Townsend Hotel in Birmingham, state business filings and documents speak volumes. The Michigan Liquor Control Commission has received an application to transfer the liquor license from the hotel’s current owners to an entity called BHIP Townsend Hotel LLC. The entity is registered at the Oakland Avenue address for Yellen’s Birmingham-based property restoration company, Belfor Holdings Inc., whose CFO is Chris Jones. Chris Jones is named on the BHIP filing, as well as attorney Alan J. Schwartz who is identified on other business filings as Yellen’s attorney.