May Mobility, Via to launch ‘thousands’ of AVs

FINANCIAL SERVICES

Old National Bank

Sarah Knapp joins the Old National Bank Specialty Lending Group as a Vice President. Sarah is responsible for providing lending solutions specializing in ownership transitions, company acquisitions and growth capital. Sarah has 20+ years of specialty banking experience. She was previously a Vice President for First Midwest Specialty Lending Group. Sarah earned her BS and MS in Finance from Walsh College and is an active member in several associations.

Financial Services

Old National Bank

Neran Shaya joins the Senior Housing Finance Group as a Senior Vice President. She has experience in Healthcare and Education and has been successful in developing business, structuring and negotiating credit facilities, and maintaining credit quality. Ms. Shaya received her BS in Finance and Accounting from Wayne State University and serves on several not-for-pro t Boards.

FINANCIAL SERVICES

Old National Bank

Adam Zale joins Old National Bank as a Commercial Real Estate Underwriter. He is supporting Old National’s CRE lending and is part of a new Old National commercial team in Southeast Michigan. Adam has over 18 years of banking experience, most recently with Flagstar Bank. He earned a Bachelor of Science degree in Business Management from Maranatha Baptist University.

Shuttles to be paired with mobile app

FINANCIAL SERVICES

Old National Bank

Daniel Zinser joins Old National Bank as Senior Vice President, Corporate Banking. Daniel will be responsible for helping lead Old National Bank’s growth effort in Southeast Michigan. Daniel has more than 15 years of commercial banking experience including, credit, portfolio management, middle market and large corporate lending. He has an M.B.A and a BS in Finance from University of Detroit Mercy.

Ann Arbor-based autonomous shuttle operator May Mobility is partnering with New York Citybased Via, a provider of ride booking and routing technology, to roll out more autonomous vehicles.

The companies, which have partnered since 2021, last Tuesday formalized a “plan to deploy thousands more AVs” around the world in the next three years, according to a news release.

The goal is for May Mobility’s shuttles to be paired with Via’s mobile app, which will offer on-demand rides to the public through AI-based booking and intelligent routing algorithms.

“May Mobility and Via share a deep belief in technology’s ability to provide equitable transit solutions,” Manik Dhar, chief commercial officer for May Mobility, said in the release. “The communities we serve benefit from our combined depth of autonomy technology experience and fleet deployment solutions.”

Financial Services

Getzler Henrich & Associate

Kevin A. Krakora has been named the Automotive Practice Leader of Getzler Henrich & Associates LLC, one of the nation’s oldest and respected middle-market corporate restructurings and operations improvement rms. A long-time Managing Director with the rm, this announcement of Mr. Krakora’s leadership of the Automotive Practice is recognition of both his depth of knowledge and longtime automotive industry-centric service, and the signi cance of dedicated industry services groups.

Nonprofit Econ Development

Detroit Economic Growth Corporation (DEGC)

Dr. Marlo Rencher has joined DEGC as the rst president of the small business initiative Detroit Means Business (DMB), a coalition dedicated to meeting the needs of Detroit-based small businesses. As a fearless advocate that understands small business challenges, Dr. Rencher is ideally suited to direct DMB’s strategic agenda. Dr. Rencher will elevate DMB’s programming and create innovative opportunities that foster a diverse, equitable, and inclusive environment for local entrepreneurs.

Nonprofits

IFF

IFF has promoted Steve Rose to managing director of portfolio management. Bringing more than 30 years of experience to the role, including the last six as a senior portfolio manager, Rose will work in partnership with IFF’s chief credit of cer to provide strategic oversight of the organization’s $443 million loan portfolio in the Midwest. Rose earned a bachelor’s degree from the University of Toledo and an MBA from Wayne State University.

Financial terms of the deal were not disclosed.

Last summer, May Mobility brought its Series C investment funding up to $111 million, bringing the Toyota-backed startup’s total fundraising to around $200 million over the last six years.

The company said last year that its vehicles had provided more than 300,000 “revenue-generating rides” in nine cities.

May Mobility operates on-demand shuttle service in Ann Arbor, Grand Rapids and Arlington, Texas. Contact:

From Page 3 e layout — which includes an older second kitchen in the basement — lends itself to entertaining. Corvino said that since he and Lock have owned the home, they’ve hosted a variety of parties, intimate dinners for friends, weddings and fundraisers.

While small by comparison to many other homes in Sherwood Forest and nearby Palmer Woods, the four-bedroom, 3.5-bathroom residence “lives large” with a “very ecient and comfortable” layout, according to Corvino. Each room ows into the next.

Still, the entertaining Corvino and

Wabeek

From Page 3 e upgrades are necessary, according to Wabeek Club Chair Joe Barbat, who is part of the group that purchased the now 50-year-old club in 2019 for an undisclosed price. Barbat, CEO of West Bloom eld Township-based Barbat Holdings LLC, is a developer who recently purchased the Grand Army of the Republic building in downtown Detroit.

A 10,000-square-foot, 120-seat second-story patio overlooks the club’s 180-acre, 6,451-yard, 18-hole course designed by Pete Dye in partnership with golf legend Jack Nicklaus. Dye also designed the Radrick Farms Golf Course in Ann Arbor, along with courses in 28 other states and 12 countries.

Wabeek is also boasting “worldclass cuisine, dining, and superior beverage program” with ne dining in its exclusive Tribu Mediterranean restaurant.

“ is club is in the heart of Bloomeld Hills and has a superior golf course. We knew that if we had the opportunity to acquire the club, we could bring in a design team to renovate the club and bring it back to life,” Barbat told Crain’s on Wednesday. “ e club was so old and dated. e only thing that was really inhabitable when we bought it was the golf course. We knew the club well, like the course, but we could never have a nice dining experience while we played.”

The ownership group is made up

Lock have done seems a far cry from the reported activities in the home 50 years earlier.

Interesting history

A May 1971 article in the Detroit Free Press says that then-owner Morris Lee Williams was arrested there on suspicion of being “one of the biggest and wealthiest heroin dealers in Detroit.”

A neighbor at the time described Williams as being a “pretty hip dude,” and the Free Press article said he was known for sporting a bejeweled wristwatch and fashionable clothes. Drugs and drug paraphernalia were also found around the home, the article says.

While hardly hiding from that darker side of the history of house, Corvino and Lock say they’re selling a “transformed” residence. e kitchen was fully renovated in 2009 and the house bears many other modern amenities. at, the sellers expect, will be a selling point. Lock and Corvino said they’ve been seeing an increasing amount of young families ock to the area, which they expect could make for the likely buyer of their home.

Perhaps most di erent, they say, is the broader neighborhood. While Sherwood Forest and Palmer Woods have been stable, middle- to upper-middle class neighborhoods in Detroit for decades, the larger suite of amenities — particularly the dining and shopping options available on nearby Livernois Avenue — is fairly new.

Desirable neighborhood

Austin Black, associate broker and Realtor with @properties Christie’s International Real Estate who’s marketing the house, said the neighborhoods have de ed some of the challenges seen in the broader housing market. Multiple o er situations in Sherwood Forest and Palmer Woods are still common and the price per square foot buyers are paying for those homes has been trending up over the last several months, according to multiple listing service data.

“A lot of that is attributed to inventory being low in those neighborhoods and people do want to live there,” Black said.

Some cart path improvements and work on sand bunkers should be complete before the start of this year’s golf season, according to Sharkas. Tee boxes will be leveled o , too. All the equipment used to maintain the course was replaced last year.

It’s a long, detailed process for a club to prepare to potentially host a PGA event. Barbat said that’s something that’s been on his mind while making the upgrades.

“ at’s something that’s in the fu-

As for the sellers, they plan to live in their cottage in Douglas near Lake Michigan for the next year while Corvino is on leave to write a book.

Corvino — who lived in downtown Detroit in the late 1990s and watched the demolition of the former Hudson’s building — said that when the couple returns to town in 2024, a new condo in the central business could very well be in their future.

“Maybe we’ll live in the new Hudson’s Tower,” Corvino said, referring to the Bedrock project in downtown Detroit being build at the site of the former department store. “Wouldn’t that be full circle?”

Contact: nmanes@crain.com; (313) 446-1626; @nickrmanes ture,” Barbat said. “Not in the near future, but it’s de nitely in our longterm plans.”

More changes are on the way. Barbat said the ownership group plans to invest an additional $5 million over the next three years to make improvements to the clubhouse entrance, the addition of an outdoor deck to the clubhouse dining room and banquet facility.

Contact: jason.davis@crain.com (313) 446-1612; @JayDavis_1981 of more than a dozen individuals, families and businesses. Each of those owners is between 30 and 50 years old. Bringing in a new generation of members has been a focus and played a part in the upgrades. To help entice young families, a new arcade-style kids room was added. e club’s members were not assessed any fees to help pay for the upgrades, according to club general manager and operating partner Lee Sharkas, who spent 14 years as executive chef of the Andiamo Restaurant Group and 15 years as executive chef and general manager of Shenandoah Country Club in West Bloom eld Township. e approach has worked. Since the ownership change, Wabeek Club has grown from 150 members to 380, Sharkas said. A golf membership costs $10,000 to enroll plus a $795 a month fee. A social member- ship (no golf) is available for a $3,000 enrollment fee plus a $325 monthly charge.

Wabeek revenue gures were not disclosed.

Barbat told Crain’s that all of the moves his group have made are strategic.

“Everyone in this area in that 3050 age demographic knows the Wabeek Club has one of the best golf courses in Southeast Michigan,” he said. “ e challenge in trying to add members when nobody wanted to join a course where the only thing you could do is golf. A lot of the golf club clubhouses are old-school, lots of wood. Here we have white marble, clean furniture. at was a big component in attracting young families and giving the current members something to look forward to.”

Another thing Wabeek members can look forward to are upgrades to the golf course.