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INVESTORS IN FORMER DELPHI PLANT SEED FLINT DEMOLITION WITH $50,000 DONATION

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Anthony Crivello, Articles, David Marks, Delphi, Flint, Frank Crivello, Kurt Jensen
December 8, 2017

As reported in Flintside By Shelby Cox In a somewhat unusual combination of public and private sector collaboration a major economic development project targeting Flint’s eastside also has evolved into a major neighborhood cleanup. Demolition of the former Kirkwood Community mobile home park is set to be leveled by the Genesee County Land Bank with a grant from the Michigan State Housing Development Authority. It is one of six longtime community eyesores that recently have been cleaned up or will be within...

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Residents invited to hear future plans for former Delphi East site

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Anthony Crivello, Articles, David Marks, Delphi, Flint, Frank Crivello, Kurt Jensen, Projects
October 17, 2017

As reported on abc12.com: By Mark Bullion   FLINT (WJRT) - (10/16/17) - Community members are being invited to hear future plans for the former Delphi East site in Flint. The property, which has been vacant since 2013, was recently sold to Wisconsin based Phoenix Investors for $3.15 million, according to a press release. "It will be great to have that eyesore cleaned up and become something useful," said Eastside Coalition Chairman Clarence Campbell. No official plans have been made public as to what will be done...

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Wisconsin company makes second multi million-dollar Flint property purchase

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Anthony Crivello, Articles, David Marks, Delphi, Flint, Frank Crivello, Kurt Jensen, Projects
October 13, 2017

As reported on mlive.com: By Dominic Adams FLINT, MI - A Wisconsin based real-estate firm has purchased its second commercial building in Flint in the last two weeks. An affiliate of Phoenix Investors has bought a 460,000-square-foot building next to Bishop Airport where Android Industries is currently located, the company said. The building at 4444 W. Maple Ave., was purchased for $19.5 million and the sale was closed on Thursday, Oct. 12, according to Phoenix Spokesman Buddy Julius. "It's an area that we think that...

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Phoenix Investors Expands MI Portfolio With 550 KSF Buy

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Anthony Crivello, Articles, David Marks, Delphi, Flint, Frank Crivello, Kurt Jensen, Projects
October 9, 2017

As reported on cpexecutive.com: By Evelyn Jozsa The company purchased an industrial facility in Flint, Mich., for $3.2 million. The building is a former Delphi assembly plant that will undergo upgrades to house its new tenants. An affiliate of Phoenix Investors has acquired Delphi Flint East, a former assembly plant in Flint, Mich. The property, totaling more than 550,000 square feet, changed hands for $3.2 million. River Valley Bank provided the senior mortgage financing and Paul Hoge of Signature & Associates brokered the transaction. The...

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New Delphi Flint site owner in talks with multiple possible tenants

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Anthony Crivello, Articles, David Marks, Delphi, Flint, Frank Crivello
October 9, 2017

As reported on mlive.com: Flint News By Dominic Adams Buddy Julius, spokesman for Phoenix Investors, said his company has been in talks with multiple potential tenants. However, Julius declined to disclose what businesses his company was in discussions with or potential future uses for the site. He also declined to outline any potential time frame for finding a tenant for the facility. "We love that location," he said. "We think tenants are going to, too." The property, near Dort Highway and Robert T. Longway...

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Delphi Flint East, former AC Spark Plug building bought for $3.15 million

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Delphi, Flint, Kurt Jensen, Projects
October 9, 2017

As reported by Crowdz: FLINT, MI – A shuttered automotive plant may see new life after a Wisconsin-based commercial real estate firm purchased the former Delphi Flint East industrial plant. The 550,000-square-foot building on the property near Dort Highway and Robert T. Longway Boulevard was bought by an affiliate of Phoenix Investors, according to a statement from the company on Monday, Oct. 2. Phoenix Investors paid $3.15 million for the property, the statement said. The release from the company did not specify what,...

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