DDA Approves Integrated Development Plan for Three Downtown Sites

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The City of Detroit Downtown Development Authority (DDA) recently approved a term sheet for a plan that will complete the circle of development around Campus Martius Park, including the Monroe Block, the block immediately northeast which contains the historical National Theatre building and the Bates Garage.

The Monroe Blocks conceptual design plan envisions a mixed-use development consisting of office, residential and retail space with ample parking and public spaces. The area is bounded by Randolph Street, Bates Street, Cadillac Square and Monroe Avenue.

The first phase, the Monroe Block, would contain 600,000 sq. ft. of space, including 35,000 sq. ft. of retail space, in a 20-story office tower. The second phase, the National Theatre block and Bates Garage, would contain 225,000 sq. ft. of space, including 25,000 sq. ft. of retail space, in a 16-story residential tower.

Rosko Development Company LLC, an affiliate of Bedrock Real Estate Services, is the developer.

Moddie Turay
Executive Vice President of Real Estate and Financial Services

Motor City Match Looking to Jumpstart 2017 with More Small Business Growth

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As the Motor City Match program begins to look forward to 2017, it’s hard not to be optimistic for the new year. The program has helped make Detroit one of the most welcoming cities in the nation when it comes to supporting small businesses.

Since its inception, Motor City Match has supported nearly 500 businesses. Two-thirds of those businesses are owned by Detroiters and more than 70 percent are minority-owned. Not all of the businesses are open yet, but they are all actively making progress. In the coming months, we will see several more coffee shops, art centers, health care facilities, small manufacturers, and service providers open or expand in the heart of Detroit neighborhoods.

The program has awarded a total of $2.3 million in grants to date. When combined with each entrepreneurs’ personal investment and traditional financing, the grants have helped leverage a total of $14 million invested in Detroit’s neighborhood corridors. Several areas of the city are quickly becoming hot spots for Motor City Match businesses, including Jefferson-Chalmers, West Village, Corktown and the Avenue of Fashion at Livernois and 7 Mile.

Entrepreneurs and property owners still interested in applying for support through Motor City Match have one more opportunity before the end of the year. Applications will be open from December 1, 2016 through January 1, 2017.

There will be an information session on December 20 to answer questions about the application process. The event will be held from 6:00 – 8:30 p.m. at the Bel Air Luxury Cinema, 10100 E. 8 Mile Rd., Detroit. To register for the information session and review Motor City Match qualification requirements and program guidelines, please visit www.MotorCityMatch.com.

Michael Forsyth
Director of Small Business Services

NEIdeas Announces Winning Businesses

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Two Detroit businesses, Detroit Training Center, a workforce training center, and Louisiana Creole Gumbo, a restaurant and caterer, were the big winners of $100,000 each in the NEIdeas challenge announced last month.

Thirty other businesses in Detroit, Hamtramck and Highland Park received $10,000 each as part of the NEIdeas competition. All the more than 640 businesses that applied will receive technical assistance to help grow their businesses. A complete list of winners can be found on the NEIdeas website.

Detroit Training Center will use its funds to expand its commercial driver license certification program by purchasing new tractor-trailers for student test-driving and increase marketing of the program. Louisiana Creole Gumbo will buy mobile food trucks with built-in hot and cold facilities to serve customers across Detroit.

Of this year’s winners, 75 percent are minority owned and nearly 60 percent are women owned. The winning businesses range in age from three to 94 years old and operate in fields as varied as construction, education, farming, food, manufacturing, retail, service, technology and transportation.

NEIdeas operates in partnership with DEGC, which participated in the jury process and led an outreach program providing small businesses with information and guidance in the application process.

“Over the past three years, NEIdeas has given us the opportunity to connect with more than 1,700 small businesses in the city,” said Rodrick T. Miller, president and CEO, DEGC. “NEIdeas, with its focus on existing businesses, is a critical piece of Detroit’s small business support system. This system is essential in helping every Detroiter participate in our economic expansion.”

The New Economy Initiative (NEI) is a special project of the Community Foundation for Southeast Michigan (CFSEM). NEI is one of the largest economic development initiatives of its kind working to build a network of support for entrepreneurs and small businesses. The mission of NEI is to create an inclusive, innovative, and regional culture by reawakening and leveraging Detroit’s creative entrepreneurial drive.  NEI receives funds from 12 foundations, including the Community Foundation for Southeast Michigan

Michael Rafferty
Vice President of Small Business Services   

D2D Buyer Ready Business: Eagle Specialties, LLC – Taryn Sulkes, President and CEO

Cropped_Eagle.Specialties_Sulkes_headshotEagle Specialties, LLC, is a provider of specialty products to the commercial construction industry, supplying primarily to new building and renovation projects within Michigan, northern Ohio and anywhere within the continental U.S. The company supplies items such as window shades and blinds, toilet partitions and accessories, lockers and wire mesh partitions, fire extinguishers and cabinets and cubicle track and curtains, just to name a few.

Founded in 2014 by President and CEO Taryn Sulkes, along with three other individuals with 30+ years of experience in the commercial construction industry, the company is a certified Native American, woman-owned business based in Detroit.

What is the history and background of Eagle Specialties, LLC?

I love Michigan and all it has to offer. When I was ready to start my own business, I started looking at the opportunities coming into the state and realized that business was booming in the commercial construction industry. I found a specialty niche in providing the things that every building needs, but that most people don’t often think about.

Who are Eagle Specialties, LLC’s notable clients?

For Little Caesars Arena, through the Barton Malow-Hunt-White JV, we furnished 300w_Eagle.Specialties.1temporary fire extinguishers, fire extinguisher stands and certification tags. Working with Walbridge, we provided specialty items for the new Marathon Oil administration building. We’ve also worked with Integrity Developers, Inc., on the U.S. District Courthouse in Hammond, IN., to provide roller window shades.

Why does Eagle Specialties, LLC, have a Detroit headquarters?

The majority of commercial construction activity in southeast Michigan is in Detroit. As a certified Detroit-based business, we find we have greater opportunities to bid on these projects because many contractors are Detroit-based and support the economic development of the community. We are located in the Grandmont neighborhood on the city’s west side.

What are the benefits of connecting with other Detroit businesses?

300w-Eagle.Specialties.MMSDC PhotoWe’ve had a great experience getting to know other minority business executives in the construction industry and have gained knowledge from their experiences. We also like being able to connect with others in the Detroit business community and help other businesses grow. We share referrals with other Detroit businesses because we all have the same goal: to help keep jobs in Detroit and keep Detroit businesses up and running.

Lily Hamburger

Small Business Development Manager

The Vibe in Paradise Valley: Harmonie Club Hotel

Harmony Banquet Center_V02_600x300x120ppiFive developers with strong Detroit roots recently received approval from the Downtown Development Authority of the City of Detroit to redevelop nine properties in the Paradise Valley Cultural & Entertainment District. The project will feature commercial and retail space, residential units, restaurants, entertainment venues and a boutique hotel, all scheduled to be built in the next three years.

Each developer has a great story to tell, and this is the fourth in a series that will run in this newsletter. The developer group 311 E. Grand River, LLC, led by Patricia Cole and Roger Basmajian, plans to transform the first and second floors of the former Harmonie Club building at 311 East Grand River into “a 1920’s boutique hotel,” update the current restaurant and expand it with an outdoor café. Here’s what they had to say.

As a longtime resident and business woman in Detroit, I am proud to be involved in the redevelopment of the Paradise Valley District. I have been investing in Detroit real estate since 1992, beginning with my first commercial property purchase of 139 Cadillac Square, a 10-story, 40,000 sq. ft. office building. I was also the owner of Cole Financial for 28 years and the first woman to serve on the board at The Detroit-Wayne Joint Building Authority. I will have been serving on this board for 21 years come this December.

My partner, Roger Basmajian, is also a Detroiter and an experienced developer of walkable communities, with several ongoing projects in downtown Detroit. Roger Basmajian is the president of the real estate investment and development company Basco, which is based in Detroit. Basco is focused on rehabbing and repurposing older buildings with new and creative uses, and in return, breathing life into once neglected neighborhoods. Basco’s success can be attributed to its creative thinking and close work with the community. Our partnership came together because of these common values, the mutual love for Detroit and the bright future we share for the city.

Our project, the old Harmonie Club building, is the most unique of all the properties in the DDA’s Paradise Valley portfolio that was put out for bid in the RFP.  Built originally as a clubhouse for Detroit Germans, it has many unique features such as the upper two stories being a theatre and a bowling alley in the basement. The architect was Richard Raseman, the same person who designed the Grand Army of the Republic Building on the other side of downtown on West Grand River.

We are proposing a boutique hotel that celebrates local artists and the history of Detroit. Our work begins with the rehabilitation of the theatre space which is currently in dire condition. When done, the space will be used for concert events, family celebrations, wedding banquets and art exhibits. To compliment the theatre space will be hotel rooms for guests to stay in as well as a second restaurant and bar in the basement. The Harmonie Club Hotel will act as the heart of Paradise Valley, welcoming all Detroiters and guests to stay and enjoy all the new businesses, restaurants, galleries, and clubs which will be the new Paradise Valley Cultural & Entertainment District.

In closing, we look forward to working together with the other developers in cooperation so that we may realize the true potential that this district could and should be.

Patricia Cole with

Roger Basmajian