Ashley Capital plans $40 million building on former land ll site

BY KIRK PINHO

Industrial and warehouse developer Ashley Capital is taking on another plan to redevelop a former land ll. e $40 million project for a new 531,500-square-foot multi-tenant light manufacturing, warehouse and distribution building on more than 70 acres of Taylor property has received Michigan Strategic Fund approval for $1.93 million in state brown eld tax incentives.

at follows approval of about $3.5 million in local captures, according to an MSF memo on the project.

Kyle Morton, vice president of development for Ashley Capital, said he anticipates going before the city for site plan approval this summer and begin work later this year, with completion on the spec building in 2025. Novi-based Oliver / Hatcher Construction is the general contractor while Wyandotte-based Detroit Ar- chitectural Group Inc. is the architect. e property is around I-94 and Inkster Road, to the east of Ashley Capital’s property in Romulus totaling 136 acres known as Metro World Commerce Center.

An MSF memo says the Taylor site up until 1978 had been used as an unlicensed land ll and has contamination that, were it not for the browneld plan, makes redevelopment of the site unviable.

Ashley Capital, based in New York but with a Canton Township o ce, is one of the most active and dominant warehouse/industrial developers in Metro Detroit.

It has projects recently completed or underway in Highland Park, Flint, Canton Township, Orion Township, Livonia, Hazel Park, Sterling Heights and elsewhere.

Contact: kpinho@crain.com; (313) 446-0412; @kirkpinhoCDB