Capital Gains - In the News

Developer Pat Gillespie's Marketplace, riverfront redevelopment project underway in downtown Lansing

Wed, 22 May 2013 00:00:00 -0400

The much anticipated, 80-unit Marketplace development is now moving forward in Downtown Lansing.

According to excepts from the article:

Developer Pat Gillespie’s Marketplace project is officially underway, with the Lansing City Pulse reporting environmental remediation of the site has begun, a process that will take about 60 days to complete.

Read the entire story here.

Francesca's opens in Eastwood

Wed, 22 May 2013 00:00:00 -0400

A new women’s clothing and accessories chain recently opened a Eastwood Towne Center location.

According to excerpts from the article:

Houston-based Francesca’s Holdings Corp. is an apparel and accessories retailer that caters to 18- to 35-year olds. It has about 400 stores nationwide, including 10 in Michigan. Nearby locations are in Grand Rapids and Novi.

Read the entire story here.

Salvation Army store set for Meridian Township

Wed, 22 May 2013 00:00:00 -0400

A new resale shop is coming to Okemos.

According to excerpts from the article:

Meridian Township officials said the Salvation Army has signed a lease for the 28,000-square-foot building at 2655 E. Grand River and hopes to open Aug. 2. The storefront has been largely empty since the defunct Circuit City chain closed its location there more than seven years ago.

Read the entire story here.

Michigan State University commits to buy more from in-state suppliers

Wed, 15 May 2013 00:00:00 -0400

MSU has announced plans to buy more goods from Michigan suppliers.

According to excerpts from the article:

Each year the university spends hundreds of millions of dollars on services, office supplies, construction materials, food, vehicles and other products. MSU on Tuesday announced it will make sure that at least half of the transactions are with in-state suppliers.

Read the entire story here.

Lansing Asphalt has opened new facility in Delta Township

Wed, 15 May 2013 00:00:00 -0400

Lansing Asphalt has opened it's new facility.

According to excerpts from the article:

The company, part of Superior Asphalt Inc. in Grand Rapids, is operated by Jeff Kresnak. He hopes to hire 20 to 30 workers. The project, started in fall 2011, cost $6 million to $7 million.

Read the entire story here.

St. Martha nearer to $5 million dream of new parish hall, gymnasium, classrooms

Wed, 15 May 2013 00:00:00 -0400

St. Martha Catholic Parish in Meridian Township has asked local officials to approve an expansion of their facilities.

According to excerpts from the article:

The Rev. Jon Wehrle put it this way: St. Martha Catholic Parish’s $5-million plan to build a gymnasium, library, classrooms, parish hall, and locker-rooms has been in the dream stage for 24 years.

Read the entire story here.

After 40 years, Kositchek's reopening boys department

Wed, 08 May 2013 00:00:00 -0400

The Kositchek's boys department is reopening after closing in the 1970s.

According to excerpts from the article:

This time, the department, which opens later this month in a revamped mezzanine space, will cater to boys ages 8-18 in sizes 8-20. Part of the lineup caters to college students.

Kositchek took about 300 square feet about a dozen steps from the main floor and gutted it, installing new lighting, ceiling, floors and remodeling the space.

Read the entire story here.

Lansing scholarship program addresses IT talent shortage

Wed, 08 May 2013 00:00:00 -0400

A group of local organizations are working togeter to creat the Capital Area Tech Knowledge E-Pathways scholarship program to meet talent demands from the IT industry.

According to excerpts from the article

The Capital Area IT Council, Capital Area Michigan Works, Lansing Community College and other partners are working to provide an answer to the IT sector’s talent shortage through a $4.4 million U.S. Department of Labor grant.

Read the entire story here.

Jackson National Life growth a boost for Lansing

Wed, 08 May 2013 00:00:00 -0400

Jackson National Life has announced a $100 million expansion and plans to hire 1,000 new employees.

According to excerpts from the article:

The insurer and and financial services company plans to add two buildings to its corporate headquarters site near Okemos Road and Interstate 96. The 1,000 jobs that will come with it — at an expected clip of 100 to 200 a year — will have a ripple effect on the local economy, which many community leaders welcome with open arms.

Read the entire story here.

Re-opening CADL’s South Lansing Library

Wed, 24 Apr 2013 00:00:00 -0400

The Capital Area District Library’s South Lansing branch is open after $125,000 worth of innovation.

According to excerpts from the article:

The library, at 3500 S. Cedar St., closed for seven weeks for renovations and its success has been immediate. It’s almost unrecognizable to long-time patrons.

Read the entire article here.

Grocery chain Valu Land to open Lansing location

Wed, 24 Apr 2013 00:00:00 -0400

The new grocery store coming to Colonial Village is Valu Land.

According to excerpts from the article:

Valu Land, owned by Grand Rapids-based Spartan Stores Inc., is expected to open by late summer, spokeswoman Jeanne Norcross said. It will occupy roughly 20,000-25,000 square feet in the Colonial Village Shopping Center near the intersection of West Mount Hope Avenue and Boston Boulevard.

Read the entire article here.

3 development proposals advance for blighted downtown East Lansing area

Wed, 24 Apr 2013 00:00:00 -0400

Three firms are vying to redevelop a key downtown East Lansing property after a committee narrowed the field down from six.

According to excerpts from the article:

The three firms — rental housing company DTN Management Co. of Lansing Township; Urban Cultural and Arts District LLC, represented by Lansing’s Studio Intrigue Architects LLC; and Lurvey White Ventures, a Flint developer — survived the first cut in an effort to repurpose 2.8 acres of publicly owned land near the intersection of Grand River Avenue and Abbot Road.

Read the entire story here.

FRIB might get $55 million from federal government

Wed, 17 Apr 2013 00:00:00 -0400

MSU's FRIB is included in President Obama's 2014 budget proposal.

According to excerpts from the story:

In his proposal, $55 million was allotted for MSU’s Facility for Rare Isotope Beams, or FRIB, in addition to more than $1.2 billion for various national higher education awards and contests and an increase in Pell Grant funding.

Read the entire story here.

Mayor Bernero welcomes new business owners to Old Town during ribbon-cutting ceremonies

Wed, 17 Apr 2013 00:00:00 -0400

Five new and two relocated businesses in Old Town celebrated ribbon cuttings with Mayor Virg Bernero last week.

According to excerpts from the article:

The businesses, each of which has opened or re-opened in the past nine months, include Linda J. Beeman Studio, Salon 1131, Old Town Marquee, Portable Feast, Bradly’s Home and Garden, Michigan Historic Preservation Network and Michigan Community Resources.

Read the entire story here.

New hangar construction to start next month

Wed, 17 Apr 2013 00:00:00 -0400

The Charlotte airport will soon get new airplane hangar space that is expected to generate $27,000 a year.

According to excerpts from the article

Charlotte City Council approved a contract for construction of the 10-unit T-hangar with Johnson Diversified Services of Mason at its April 8 meeting. The addition will cost $424,092, which will be paid for through Federal aviation funds that are awarded annually for Fitch H. Beach Municipal Airport.

Read the entire story here.

HopCat brewpub gets final approval

Wed, 10 Apr 2013 00:00:00 -0400

The site plan for the East Lansing version of the Grand Rapids-based HopCat brewery was approved East Lansing City Council meeting at City Hall.

According to excerpts from the article:

The bar is scheduled to be built on the ground floor of The Residences, 211 Ann St., the eight-story apartment building under construction downtown.

At its Feb. 27 meeting, the East Lansing Planning Commission unanimously recommended council approve the special use permit and site plan for the brewpub.

Read the entire story here.

HopCat brewpub gets final approval

Wed, 10 Apr 2013 00:00:00 -0400

The site plan for the East Lansing version of the Grand Rapids-based HopCat brewery was approved East Lansing City Council meeting at City Hall.

According to excerpts from the article:

The bar is scheduled to be built on the ground floor of The Residences, 211 Ann St., the eight-story apartment building under construction downtown.

At its Feb. 27 meeting, the East Lansing Planning Commission unanimously recommended council approve the special use permit and site plan for the brewpub.

Read the entire story here.

Ingham County OKs clean-up funds for Douglas J project

Wed, 10 Apr 2013 00:00:00 -0400

Douglas J’s $10 million development plan has received a boost with the approval of funds from Ingham County to demolish the exsiting buildings and clean up contaminated soil at the site.

According to excerpts from the article:

The county board of commissioners approved a plan provide up to $328,000 through the county’s redevelopment authority to demolish the former Traveler’s Club, Triple Goddess Book Store and White Bros. A date for demolition is not finalized.

Read the entire story here.

Lansing Township seeks Ingham County help to redevelop contaminated trucking facility

Wed, 10 Apr 2013 00:00:00 -0400

Lansing Township is asking Ingham County's help with a new development project.

According to excerpts from the article:

Township leaders want to borrow money from the state to front cleanup costs at a contaminated former trucking facility developers want to convert into a business park. But Ingham County would have to essentially co-sign on a brownfield loan from Michigan’s Department of Environmental Quality because the township has more outstanding debt than allowed under law and can’t borrow any more until some is repaid.

Read the entire story here.

Eaton County gets $3M park grant from Snyder

Wed, 03 Apr 2013 00:00:00 -0400

Eaton County will receive $3 million to purchase 424 acres of land for a new park.

According to excerpts from the article:

The money in the bill signed Wednesday comes from the Michigan Natural Resources Trust Fund, which consists of royalties from sales and leases of state-owned mineral rights. Most of the 76 grants will go to local governments that also cover part of the projects’ costs.

Read the entire story here.

First G.A.R. museum in state headed to downtown Eaton Rapids

Wed, 03 Apr 2013 00:00:00 -0400

Local supporters in Eaton Rapids are seeking support for a building to become the only G.A.R. museum in Michigan.

According to excerpts from the article:

In the late 1800s the building was a Grand Army of the Republic Hall, where members of the country’s first veterans organization who served in the Civil War, gathered. Today it’s nearly empty - but awaiting a bigger purpose.

Read the entire story here.

Michigan State University students score SXSW win for new app, TempoRun

Wed, 03 Apr 2013 00:00:00 -0400

Michigan State University students won a SXSW contest with their running app.

According to excerpts from the story:

TempoRun, an iPhone app designed to help runners maintain their ideal running pace will be hitting the market later this month.

Read the entire story here.

Meijer expands its Made in Michigan program

Wed, 27 Mar 2013 00:00:00 -0400

Meijer is expanding its Michigan-made grocery selection.

According to excertps from the article:

Company Co-Chairman Doug Meijer announced Tuesday that the Made in Michigan initiative will feature 55 new locally made grocery products in all its stores statewide.

Meijer launched Made in Michigan early last year with the Michigan State University Product Center for Food-Ag-Bio.

Read the entire story here.

North route chosen for Connector extension

Wed, 27 Mar 2013 00:00:00 -0400

The Delta Twp. board has decided to route the East-West Connector extension north of the Delta Township District Library.

According to excerpts from the article:

Safety and aesthetics were the two reasons the north route was chosen. The south route would have crossed two library parking lot entrances as well as a drainage swale. It would also have been close to detention ponds.

Read the entire story here.

Documents show DTN Management Co. acquires rights to former City Center II parcel

Wed, 27 Mar 2013 00:00:00 -0400

DTN Management Co. now has an ownership interest in the City Center II building in downtown East Lansing.

According to excerpts from the article:

The property, located at 100 W. Grand River Ave. in East Lansing, had been slated for redevelopment as part of the failed public-private City Center II venture but fell into foreclosure in Oct. 2012.

Read the entire story here.

GM looks to invest $38M, add 150 jobs at Lansing Grand River plant

Wed, 20 Mar 2013 00:00:00 -0400

General Motors Co. plans to make a $38 million expansion of the Lansing Grand River assembly plant though tax incentives.

According to excerpts from the article:

The Detroit automaker was tightlipped Thursday about its plans. Local spokeswoman Erin Davis would say only that GM is “developing a business case for a potential future investment ... (that) would fund facility improvements aimed at strengthening the plant’s manufacturing capability.”

Read the entire story here.

Jackson National Life profit rises in 2012

Wed, 20 Mar 2013 00:00:00 -0400

Jackson National Life's profits increased in 2012.

According to excerpts from the article:

The insurer, owned by the United Kingdom’s Prudential Group PLC, reported today it earned a record $992 million last year. That was better than the $572.8 million it earned in 2011.

Read the entire story here.

Halo Burger to open new locations in Burton, East Lansing, six other cities in 2013

Wed, 20 Mar 2013 00:00:00 -0400

The fast food chain Halo Burger will be bringing several new locations to Michigan, including East Lansing.

According to excerpts from the artice:

In addition to the Burton location, Polly Dortch-Conlan, director of marketing for Dortch Enterprises, said that the company will open an additional seven locations before the end of 2013 in Troy, Bingham Farms, Novi, Clarkston and Farmington Hills – all in Oakland County – and locations in East Lansing and Brighton.

Read the entire story here.

Selection process for redevelopment of city-owned properties in East Lansing set to begin

Wed, 13 Mar 2013 00:00:00 -0400

The process of selecting a proposal East Lansing's city-owned property downtown is now underway by a review committee.

According to excerpts from the article:

The parcels, located west of Abbott Road and south of Valley Court in East Lansing, total about 2.8 acres and include six buildings owned by the city’s Downtown Development Authority and two municipal parking lots.

The city received seven proposals for the city-owned properties that were slated to be redeveloped as part of the failed City Center II public-private partnership with Strathmore Development Co.

Read the entire story here.

J.W. Knapp's downtown Lansing redevelopment taking shape

Wed, 13 Mar 2013 00:00:00 -0400

Work in the historic Knapp's building in Downtown Lansing is currently underway.

According to excerpts from the article:

By the end of the year, Meridian Township-based Eyde Co. hopes to complete its $36 million renovation of the downtown Lansing landmark, which is being converted into the Knapp’s Centre complex of offices, retail, apartments and a fashion-based small-business incubator. Construction began in early December and is beginning to take shape.

Read the entire story here.