DETROIT BUSINESS MAIN 05-15-06 a 1 CDB.Qxd
Total Page：16
File Type：pdf, Size：1020Kb
DETROIT BUSINESS MAIN 05-15-06 A 1 CDB 5/12/2006 7:23 PM Page 1 ® http://www.crainsdetroit.com Vol. 22, No. 20 MAY 15 – 21, 2006 $1.50 a copy; $59 a year ©Entire contents copyright 2006 by Crain Communications Inc. All rights reserved THIS JUST IN Golden OCC board to vote Mall titan to develop on $15M in renovations The Oakland Community College board of trustees is life expected to vote tonight on $15 million in renovation Locals remember and construction projects site near fairgrounds at its Auburn Hills cam- pus. music producer The proposals under consideration would reno- General Growth plots Shoppes at Gateway vate the existing student Ed Wingate center at that campus to BY SHEENA HARRISON A brochure prepared for in- house relocated informa- BY BRENT SNAVELY CRAIN’S DETROIT BUSINESS vestor Bernard Schrott said the THE DEVELOPER tion-technology staff and CRAIN’S DETROIT BUSINESS Shoppes at Gateway would include a construct a new student Chicago-based General Growth 125,000-square-foot big-box store, General Growth Properties The death of Detroit Inc., a Chicago-based real center closer to the center Properties Inc., the nation’s second- four large retailers such as a book- music entrepreneur and estate investment trust. It’s of campus. largest retail real estate investment store or electronics store, up to businessman Ed the second-largest retail The projects would allow trust, has agreed to develop, lease four full-service restaurants and Wingate on May 5 was REIT in the nation. the college’s adminis- and manage a 325,000-square-foot more than 40,000 square feet of a source of both sad- trative staff to move retail center near the Michigan State space for small retailers. The pro- ness and happy into the rented Fairgrounds in Detroit, according to ject would be at the southeast cor- memories last week THE PLAN Rochester Hills an investor, a local retail consultant ner of Eight Mile Road and Wood- for many local mu- To develop, lease and building that previ- and an architect. ward Avenue. sicians who re- manage the Shoppes at ously housed informa- Jim Ryan, chairman of Farming- A partnership of six Detroit area member Gateway, a 325,000- tion-technology staff, businessmen, including Schrott Wingate’s Gold- ton Hills-based JPRA Architects, said square-foot retail center, to while $2.4 million worth and theater owner and developer en World record his firm and several others were include a big-box retailer, of heating and cooling up- Joseph Nederlander, has sought to label and his asked by General Growth to sub- restaurants and other small grades at the central office develop the 34-acre area since at in Bloomfield Hills, ap- broad business mit requests for proposals for the and large retailers. proved by the board in activities. site two weeks ago. See Gateway, Page 32 March, are completed. With a roster of artists that in- — Sherri Begin WINGATE’S HITS cluded, at one Songs from time or another, Wingate’s labels Edwin Starr, The included: Parliaments, SEEKING HEALTH ■ “Just Like Fantastic Four, CARE HEROES Romeo & Juliet,” J.J. Barnes, Lau- The Reflections. ra Lee, The Re- Loonie takes Crain’s Detroit Business is ■ “Oh, How flections and seeking nominations for Health Happy,” The Gino Washing- Care Heroes, a special section Shades of Blue. ton, Wingate Sept 4. Winners will be named ■ “Agent Double- in the following categories: built a musical O-Soul,” and “Stop powerhouse that ■ Corporate achievement in Her on Sight,” many viewed as health care: Honors a company both by Edwin May 12, 2006: 1 loonie = 91 cents that has created an innovative a threat to Berry flight Starr. health benefits plan or that has Gordy’s Motown solved a problem in health care Records. administration. Wingate, who was living in Las Ve- Rising Canadian ■ Advancements in health gas, was 86. Laura Lee, in an online care: Honors a company or guestbook attached to Wingate’s death individual responsible for a notice on the Web sites of the Detroit May 2, 2006: 1 loonie = 90 cents dollar could boost discovery or for development of Free Press and Detroit News, wrote, “I a new procedure, device or have Ed Wingate to thank for giving service that can save lives or me my first hit record ‘To Win Your improve quality of life. state’s tourism, manufacturing Heart.’ He will be truly missed.” ■ Physician: Honors a “Wingate told me before he passed physician whose performance is BY JENNETTE SMITH AND TOM HENDERSON considered exemplary. something I never thought I’d hear CRAIN’S DETROIT BUSINESS ■ him say. He told me how much he Allied health: Honors an Larry Hundt remembers the “insanely busy” days of the early 1990s when individual from nursing or allied loved me,” said Don Davis, chairman health fields deemed exemplary of First Independence Bank in Detroit. March 2003: the Canadian tour operator had customers clamoring for more shopping tours by patients and peers. “He told me he loved me like a son and 1 loonie = 65 cents into Michigan and New York. A panel of health care judges I told him I loved him like a father.” Those days are back. will choose the winners. In the 1960s Davis was a producer, The rising value of the Canadian dollar could be a boost to Michigan on Nomination forms are available songwriter and a publisher and some The value of the tourism, retail and manufacturing fronts. The exchange rate means Canadians at www.crainsdetroit.com. Click of his groups, including the Dramat- Canadian dollar — the have greater purchasing power in the U.S. In turn, it is expected to stop the “Health Care Heroes” under ics, recorded music on Wingate’s ‘loonie’— has risen in shift of new manufacturing business to Canada that has occurred in recent Crain Events. The deadline is record labels. comparison to the U.S. years because of cheaper costs there. June 21. dollar. See Wingate, Page 31 See Loonie, Page 33 Michigan gets a second look CRAIN’S LIST from national venture Largest computer service NEWSPAPER capitalists, Page 11 providers, Page 20 DETROIT BUSINESS MAIN 05-15-06 A 2 CDB 5/12/2006 6:33 PM Page 1 Page 2 CRAIN’S DETROIT BUSINESS May 15, 2006 in Detroit was sold April 7 to an Sheriff’s Office, and the U.S. Attor- the 2007 North American Internation- shares as of May 1. THIS JUST IN investor group led by Wally ney’s Office to arrest bond jumpers al Auto Show. The site is expected — Sheena Harrison Wolff, an investor from Chicago and parole violators. to be up and running by early fall. ■ From Page 1 who also is a co-owner of Detroit She said the state also is send- A major factor in the award Suicide-prevention foundation restaurant Small Plates, said for- ing $1 million to fund overtime was that the Web site will allow Macomb Twp. center sold mer co-owner Dick Bell. The for Detroit police officers and staff members of the sponsoring to open local office group has a purchase agreement Wayne County deputy sheriffs. Detroit Auto Dealers Association to A Macomb Township shopping The Hendersonville, Tenn.- to buy the restaurant pending the — Robert Ankeny update content easily and without center was sold. The new owners based Jason Foundation in early transfer of the liquor license. any programming experience. plan to expand it. June plans to open an office at Jacoby’s Bistro To-Go, in the First Landus Development, T.H. Marsh Arbor enters VC agreement In addition to content and Havenwyck Hospital in Auburn National Building, has not been Construction Co. and Redico L.L.C. news, the site will integrate the is- Hills. sold and is not for sale, Bell said. Arbor Partners L.L.C., an Ann Ar- purchased the 60,000-square-foot suing of credentials and the sell- The foundation, which is affili- For now, Bell is continuing to bor-based venture-capital compa- center at M-59 and Romeo Plank ing of tickets and merchandise. ated with Psychiatric Solutions Inc., manage Jacoby’s until the liquor ny, has entered into an agree- Road and plan a 19,000-square-foot — Tom Henderson the Franklin, Tenn.-based parent license is transfered, Wolff said. ment to help find Michigan expansion next door. Construc- investments for Blue Chip Venture company of Havenwyck, pro- tion on the new Romeo Commons Bell said the restaurant sold for less than the initial $1.3 million Co. of Cincinnati, one of the Mid- Masco board OKs buyback vides suicide-prevention pro- development should start this west’s largest VC firms with $600 grams for students in grades 7-12, asking price. Wolff could not be Masco Corp.’s board of directors summer with a lifestyle center de- million under management. teachers and parents. sign, said Cary Gitre, principal of reached for comment Friday. has authorized a buyback of up to Arbor has more than $38 mil- Jason Foundation currently of- Auburn Hills-based Landus. The — Brent Snavely 50 million common shares, ac- lion under management, includ- fers its programs in a handful of partners are seeking tenants such cording to a company statement ing $32 million in a tech fund it Michigan schools. But it would as national specialty retailers and last week. State ups Detroit crime efforts raised in 1999. According to man- like to increase its presence, given “fast casual” restaurants, Gitre The new repurchase authoriza- Responding to Mayor Kwame aging director Don Walker, there that the percentage of teens in the said.