article thumbnail

Entering Retail Space as a Non-Retailer

Wolgast Corporation

(Updated 2/20/23) Retail real estate has shrunk over the past three years according to CBRE’s report “ US Real Estate Market Outlook 2023 ”. With less retail construction happening, there is less opportunity for businesses to move into this type of space.

Retail 127
article thumbnail

Consumers Energy Offering New Policies To Encourage Economic Development In Michigan

Buisness Facilities Contributed Content

Consumers Energy is helping promote economic development in Michigan by reducing or eliminating up-front expenses for new and expanding manufacturers, farms and retailers. An estimated 600 Michigan businesses each year will see the benefits of Consumers Energy’s new, innovative approach. Posted by Heidi Schwartz.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Adaptive reuse: 5 benefits of office-to-residential conversions

BD+C

According to the Chicago Loop Alliance , an estimated 3,700 residents moved to the Loop between 2020 and 2022. He is a licensed architect in Illinois, Michigan, and Texas. For example, buildings on the LaSalle Street historic district in Chicago are in a National Register Historic District and are eligible for tax credits.

article thumbnail

Turbocharging Motown’s Recovery

Buisness Facilities Contributed Content

It will give $25 million to groups including the Detroit Land Bank Authority and the Detroit Blight Removal Task Force, which have begun a campaign to demolish most of the city’s estimated 78,000 vacant structures. Other allocations include $12.5 million for workforce training, $7 million for small-business assistance and $5.5

Detroit 49
article thumbnail

The Road to Recovery in Detroit

Buisness Facilities Contributed Content

The finances of a city once the center of the automotive universe are in the hands of an unelected manager appointed by Michigan’s governor. The 4,600 workers currently employed at the plant are expected to produce nearly 300,000 vehicles this year, generating an estimated $2 billion in annual profits.

Detroit 51
article thumbnail

Business Facilities’ 15th Annual Rankings: State Rankings Report

Business Facilities

The dedicated technology hub will help accelerate the Fortune 50 company’s technology transformation, serving as the epicenter for the team Lowe’s is hiring to help modernize its IT systems and build future retail experiences. Over the course of the grant’s 12-year term, the project will grow the state’s economy by an estimated $6.3

article thumbnail

COVER STORY: Editors’ Location Picks

Buisness Facilities Contributed Content

eStockIt.com in Hollywood is an online retailer of restaurant, janitorial and office supplies. Government leaders are committed to retaining, creating and expanding job opportunities for the service, retail and industrial sectors of the community. University of Michigan, Ann Arbor campus. Motorola Mobility, Plantation, FL.

Omaha 76