WARREN, MI – Flaherty & Collins Properties (F&C) has been selected by the City of Warren, Michigan as the exclusive master developer of Warren Town Center, a $170 million development project.
“This is an important first step in achieving the City’s goal of creating a downtown that will draw visitors and new high-end businesses to our city,” said Warren Mayor Jim Fouts. “The downtown concept has been a vision for city leaders since the 1960s.”
Warren Town Center is a proposed mixed-use development featuring 500 market rate apartments, a 200-key, high-end boutique hotel, over 20,000 square feet of retail and dining and space for a 30,000 square foot, full-service grocery. The location is the site of the old city hall, in front of the new city hall, directly across from the Tech Center.
The project will be a public/private partnership that will include the City of Warren, Flaherty & Collins Properties and General Motors (GM).
“We are excited to partner with the City of Warren on this project, which will invigorate the downtown core of Warren,” says Brian Prince, Vice President of Development and lead project developer for Flaherty & Collins Properties. “The site is a great location and will be a real draw and economic stimulator for the area. The goal of this development is to create a Town Center that offers a high-end housing option that currently does not exist in Warren.”
General Motors currently has over 25,000 employees located at GM Global Tech Center across the street from the Warren Town Center development site.
“We are very excited about this tremendous opportunity to work with both the City of Warren and GM to bring this project to fruition. This will truly be a ‘Live, Work, Play’ mixed-use development that will be a catalyst for future development in Warren, and make it an even more desired place to live.”
Current plans call for a connection pedestrian bridge from the hotel that runs over Van Dyke and connects to the GM campus. Acquest Realty Advisors will serve as the hotel development partner. F&C is in discussion with several grocers, with the goal of reaching an agreement with a high-end grocery option for the site. In addition, Prince and F&C team members are in conversation with WeWork regarding a shared office concept as part of the development.
Flaherty & Collins Properties and the City of Warren will now negotiate a development agreement over the coming months, and pending council approval, plan to break ground before the end of 2019.