Projects

Residents invited to hear future plans for former Delphi East site

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...

Wisconsin company makes second multi million-dollar Flint property purchase

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...

Phoenix Investors Expands MI Portfolio With 550 KSF Buy

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...

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

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,...

Restaurant group, community leaders throw Sherman Park revival party

As reported on biztimes.com: Mark Kass, Editor-in-Chief, Milwaukee Business Journal   It was quite the party Sunday afternoon in the Sherman Park area as business and community leaders gathered to host the first annual Sherman Park Revival Celebration. Check out the attached slideshow to see photos from the community gathering. The event was put together by the Milwaukee Kitchen Cabinet, a group of Milwaukee-area restaurants which includes SURG Restaurant Group, and Milwaukee Public Schools administrators. At the event, 250 pre-selected Milwaukee Public Schools students received...

This City Is Counting on Trump to Spend Big on Infrastructure

As reported by NBC News: By JACOB SOBOROFF and AARNE HEIKKILA FORT SMITH, Arkansas — President Donald Trump promised a $1 trillion infrastructure investment over ten years that he said would rebuild American cities and create millions of new jobs. Here in Arkansas' second-largest city, where Trump won overwhelmingly in 2016, residents eagerly await details of a bill and see it as key to turning their fortunes around. Fort Smith holds a Gallup poll distinction most cities want desperately to avoid — its...

Phoenix Investors breaks ground at former Whirlpool building in Fort Smith

As reported by the Times Record: By Thomas Saccente / Times Record / tsaccente@swtimes.com The Milwaukee-based firm Phoenix Investors LLC held a groundbreaking ceremony at 6400 Jenny Lind Road in Fort Smith Thursday to celebrate the company’s purchase of the former Whirlpool manufacturing facility at that location. The building was formerly used to manufacture refrigerators and freezers. A joint news release from the Arkansas Economic Development Commission and the Fort Smith Regional Chamber of Commerce states Phoenix Investors will invest more than $10...

Phoenix Investors to spend $10 million on former Whirlpool plant, already in talks with tenant prospects

As reported by Talk Business & Politics: Officials with Phoenix Investors say the former Whirlpool manufacturing facility in Fort Smith is a “diamond in the rough” and they plan to spend $10 million in the next 6 to 9 months to open and brighten the inside with white paint and new lighting. Milwaukee, Wisc.-based Phoenix Investors – through Phoenix JCR Fort Smith Industrial Investors LLC – bought the 1.136 million square foot plant for $3.25 million. The transaction date was Feb. 15. The...

Phoenix Investors joins local and state leaders to celebrate the purchase of former Whirlpool facility

As reported by the Arkansas Economic Development Commission: Phoenix Investors LLC today joined local and state leaders to celebrate the company’s purchase of the former Whirlpool manufacturing facility in Fort Smith. The company will invest more than $10 million in the 1.5 million square foot facility, located on Jenny Lind Road, making it immediately marketable to companies seeking a new location. Phoenix Investors is a national commercial real estate firm based in Milwaukee, Wisconsin whose core business is the revitalization of former...