With hopes of developing a gateway to downtown, the city of Wilmington is moving forward with the purchase of a vacant lot along 3rd Street.
The lot will become one of four pieces of land set aside for a development that s been dubbed the northern gateway project. The city aims to eventually build housing, parking, office and retail space, and a grocery store on the site, but COVID-19 has paused its progress for now.
The city s request for project proposals in 2019 yielded one submission a plan from East West Partners, the Chapel Hill-based development company that brought River Place apartments to Wilmington.
Since 2019 the City of Wilmington has been considering a new public-private development - the so-called Gateway Project. Now, it appears the city is ready to start moving forward with it.
City takes next step in Gateway Project whqr.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from whqr.org Daily Mail and Mail on Sunday newspapers.
VanWest Purchases Michigan Self Storage Portfolio
The acquisition includes two properties in Detroit and three facilities in Grand Rapids. Apr072021
Image by Paul Brennan via Pixabay
VanWest Partners has acquired five self storage facilities in Michigan. Year-to-date, the firm has purchased seven facilities, at a total of around $30 million.
The company acquired the assets through its newest fund, VanWest Self Storage Fund II. The portfolio totals approximately 265,000 net rental square feet and includes 2 properties in Detroit and 3 facilities in Grand Rapids, Mich.
The portfolio totals 1,628 units, including 232 boat and RV parking spaces. The new owner plans to rebrand the assets under its ClearHome Self Storage management platform.
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DBusiness Daily Update: Rocket Mortgage Sponsors PGA Pro DeChambeau, OEM Selects Eaton Technology for New EV Platform, and More
Our roundup of the latest news from metro Detroit and Michigan businesses as well as announcements from government agencies, including updates about the COVID-19 pandemic. To share a business or nonprofit story, please send us a message.
Courtesy of Bridge
Our roundup of the latest news from metro Detroit and Michigan businesses as well as announcements from government agencies, including updates about the COVID-19 pandemic. To share a business or nonprofit story, please send us a message.
Rocket Mortgage Sponsors PGA Pro Bryson DeChambeau