The Economic Development Corporation of the City of Detroit today agreed to sell approximately 40 acres in the I-94 Industrial Park to Crown Enterprises, Inc., a Warren-based development company, to build a 400,000 sq. ft. facility. Crown is negotiating with a logistics company to be the tenant.
“Today’s announcement underscores the fact that the I-94 District is well-positioned to take advantage of the resurgence of the automotive industry,” said Brian Holdwick, executive vice president, Real Estate and Financial Services, Detroit Economic Growth Corporation.
“This is an important project for the I-94 Industrial Park and the City of Detroit. It will create a significant number of jobs for Detroiters during construction, in addition to new jobs when the tenant is up and running by the end of this year,” Holdwick added.
The boundaries of the property Crown is purchasing in the I-94 Industrial Park are east – St. Cyril; north – Georgia; west – Sherwood; and south – Miller.