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Three Outlet Mall Plans in Battle Over Anchors

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Three Outlet Mall Plans in Battle Over Anchors 20140609-NEWS--0001-NAT-CCI-CD_-- 6/6/2014 6:08 PM Page 1 ® www.crainsdetroit.com Vol. 30, No. 23 JUNE 9 – 15, 2014 $2 a copy; $59 a year ©Entire contents copyright 2014 by Crain Communications Inc. All rights reserved Page 3 It only takes two Mt. Pleasant electronics Three outlet mall plans signatures to pay recycler seeks space out $1 million in state business in battle over anchors incentives. Is that ... Golf grip maker gets ahold Developers take to land, sea, air to woo retailers Efficient or of one, as sales take flight BY SHERRI WELCH Birmingham-based Center Man- CRAIN’S DETROIT BUSINESS agement Services Inc. and Cincin- Survey finds biz bracing for 7% nati-based Jeffrey R. Anderson Real jump in health care costs There’s not just one new outlet Estate Inc. are developing the Out- shopping center planned for metro lets of Southeast Michigan in too little Detroit — there are three. Chesterfield Township on the east CRAIN’S And the race is on to see which side of I-94, north of M-59, on land MICHIGAN BUSINESS project will be able to land the retail they purchased four years ago. anchors needed to launch construc- And Baltimore-based Paragon tion first. oversight? COURTESY OF NEW ENGLAND DEVELOPMENT Outlet Partners LLC is under con- Last week, Newton, Mass.-based tract to purchase about 50 acres of New England Development plans to BY CHRIS GAUTZ New England Development made news build an outlet center near Detroit land in Canton Township at I-275 CAPITOL CORRESPONDENT when it announced plans to con- Metropolitan Airport. and Ford Road for a center totaling struct a 325,000-square-foot outlet 375,000 square feet of retail space. ince 2011, more than $65 mil- center in Romulus near Detroit Metropolitan Airport. This project is scheduled to open in summer 2016. lion in state funds have been But outlet center projects are also quietly coming Although one of the project developers — the air- Sawarded to businesses Vapor chase: Firms take up together in two other metro Detroit communities, around the state with the signa- Canton Township and Chesterfield Township. See Outlets, Page 30 tures of just two individuals — in the growing e-inhaler habit fact, most business incentives are approved that way. Second Stage An expedited approval process dubbed “delegated authority” al- Salute to Entrepreneurs: The lows Michael Finney, president and CEO of the many faces of success, Page 21 Michigan Economic From zero to 20,000 Development Corp.; This Just In state Treasurer How one man’s vision is bringing thousands to the streets of Detroit. Story on Page 32 Kevin Clinton or Hilfinger leaves MEDC post, his designee; and Mark Morante, returns to Foley & Lardner the interim Michigan Economic Develop- strategic fund ment Corp. COO and Execu- manager, to ap- prove incentives tive Vice President Steve Hil- Finney finger is leaving Friday to of $1 million or return to Foley & Lardner LLP, less, as long as the law firm he left for an ap- two of them sign ON THE WEB pointment by Gov. Rick Sny- off. Businesses A database of der in 2011. MEDC incentives Hilfin- have been award- approved ger, 52, of ed 129 projects since 2011, Beverly under delegated crainsdetroit. Hills, will authority since com/medcdata be in the 2011, compared firm’s De- with 89 projects troit office, approved in public meetings by where he the Michigan Strategic Fund board. was man- “The whole idea is to keep pro- jects moving as efficiently as possi- Hilfinger aging part- ner before ble,” Finney said. Delegated au- becoming director of the De- thority can shave off a few days to partment of Licensing and Regu- a month of approval time, depend- latory Affairs. He moved to the ing on where it falls between the MEDC in December 2012. Strategic Fund board’s monthly Hilfinger helped found the meetings. Detroit office in 2000, and will Delegated authority is similar to be a partner in Foley’s trans- policies in companies that require actional and securities prac- fewer signoffs on relatively small- tice. — Chad Halcom See MEDC Page 31 ANTHONY BARCHOCK FEATURING Stories of JULY 24 THE HENRY, DEARBORN David vs. Goliath 7:30 – 10 a.m. First-hand tales from executives Register at competing against much larger rivals crainsdetroit.com/events NEWSPAPER 20140609-NEWS--0002-NAT-CCI-CD_-- 6/6/2014 5:03 PM Page 1 Page 2 CRAIN’S DETROIT BUSINESS June 9, 2014 MICHIGAN BRIEFS Grand Rapids transit system replace President Sam Daugherty when he retires June 30. ponders quicker bus line to GVSU Dow helps remove unwelcome abstract expressionism Ⅲ Atlanta-based Newell Rubber- maid said it has opened a 40,000- As the Grand Rapids area’s tran- What would you think if you heard that Dow Chem- Dow experts analyzed ink from the graffiti, then sit system nears completion of the square-foot design center in Kala- ical Co. was going to help restore a coveted painting? identified possible solvents to clean it. Dow scien- Silver Line (Crain’s, May 12) mazoo, which will be staffed by Scrubbing Bubbles? It turns out that research from tists spent two days testing solvents on dried sam- through the heart of the city, The about 100 design professionals the Midland-based company had a hand — and a del- ples of the graffiti ink. Rapid is now pursuing a similar when at full capacity, the Grand icate one at that — in the restoration of a Mark “We were able to narrow it down to a small list of bus rapid transit system connect- Rapids Business Journal reported. Rothko painting, which has been returned to public solvents and microemulsions for consideration in ing downtown Grand Rapids and Ⅲ Flint Community Schools plans display at London’s Tate Modern museum. the Rothko restoration,” Dow scientist Melinda the Grand Valley State University to lay off 250 employees as part of a In 2012, Rothko “Black on Maroon” was damaged Keefe said in a statement. “We sent this list of sol- campus in Allendale, the Grand $10.4 deficit elimination plan, The Rapids Business Journal reported. by graffiti. It took 18 months of conservation work vents to Tate, and their conservation experts added Flint Journal reported. No teach- “Once we have the study com- that relied on analytical information from Dow coat- these to the range of options they were testing in or- ers are included in the list. pleted and have that analysis done, ing material experts to successfully restore it, der to determine the best possible solution: a blend Ⅲ Grand Rapids Community Col- then that will determine how MLive reported. of benzyl alcohol and ethyl lactate.” lege and Grand Valley State University things move forward,” Rapid CEO signed an agreement to make it easier for students to transfer be- Peter Varga said. The so-called bid for exploration rights in 2010, ice melted later than usual, delay- Spaude, who joined the Kalama- tween the two institutions, The As- Laker Line is being sold as a better driving down prices at auction. ing work by about two weeks. zoo-based health system in 2005, and faster connection between the sociated Press reported. said he wants to spend time with two areas. his father, who is critically ill. Find business news from Boaters still trying to get their MICH-CELLANEOUS Ⅲ Mary Kay VanDriel was around the state at crainsdetroit Schuette: Chesapeake Energy sea legs as winter delays season Ⅲ DTE Energy Co. is buying one of named president of the Big Rapids .com/crainsmichiganbusiness. and Reed City hospitals that are Sign up for the Crain’s Michi- That winter we thought would two Pheasant Run wind parks in lied to landowners on leases part of Grand Rapids-based Spec- gan Morning e-newsletter at never end apparently left boaters Huron County in the Thumb from trum Health System. VanDriel will crainsdetroit.com/emailsignup. Oklahoma City-based Chesapeake with a hangover. The Grand a subsidiary of NextEra Energy Re- Energy Corp., already facing antitrust Rapids Press reported that orders sources LLC and will rename it claims in Michigan over bids on gas are stacking up for seasonal dock Brookfield Wind Park, The Associat- exploration rights, was charged and lift installations. Some plans ed Press reported. The park has 44 CORRECTIONS with racketeering and fraud for al- wind turbines. to put boats in the water at mari- Ⅲ An incorrect date for the Walsh College commencement was given in legedly lying to landowners about Ⅲ Grand Rapids-based Mercan- nas also have been delayed. the June 2 edition. It is June 21. Also, an incorrect date was given for the leases it took out on their property, tile Bank Corp. and Alma-based Kevin Zoodsma of Action Water retirement of the keynote speaker, Jeffrey Bergeron. He will retire from Bloomberg News reported. Firstbank Corp. have completed Sports in Hudsonville said more the Detroit office of Ernst & Young LLP at the end of this month. A past The allegations announced by their merger, creating the third- people waited longer to prepare for managing partner of the firm, he is currently senior advisory partner. Michigan Attorney General Bill largest bank based in Michigan. the boating season. Zoodsma said Ⅲ A story on Page M28 of the June 2 issue mistakenly reported that Schuette follow earlier accusa- some pushed back plans until after The merged bank has $2.9 billion Osama Siblani, publisher of The Arab American News, has daughters tions that the company colluded Memorial Day weekend, typically in assets and 53 offices in the state. who were harassed because of political views expressed in that newspa- with a unit of Calgary, Alberta- the start of boating season.
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