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 with the site. “We’re having a meeting tonight to educate the people, to get their input, their questions, and to see what their ideas are of how to use that property,” Campbell said. According to the Phoenix Investors web site, the new owners have been in talks with possible tenants. The owners will be at Monday night’s meeting.

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 building located at ... Read More

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