News BACK TO ALL

December 2021

Livonia West Commerce Center 2 is a Bright Spot in Michigan’s Growing Economy

Ashley Capital - Property in Livonia, MI - Industrial Real Estate Property

Livonia West Commerce Center 2, a 397,000 square foot speculative construction project in Michigan, was recently highlighted in the Governor’s Bulletin and  Crain’s Detroit Business report.

Governor Gretchen Whitmer’s December 2021 Bulletin

In a recent press release, Governor Whitmer highlighted Ashley Capital’s contributions to Michigan’s growing economy. The Michigan Economic Development Corporation (MEDC) announced that the Michigan Strategic Fund (MSF) board approved benefits for many projects in the state that will promote and further stimulate economic opportunity, including Ashley Capital’s Livonia West Commerce Center 2.

Ashley Capital is currently redeveloping the former GM plant and constructing a new, 365,000 square foot multi-tenant industrial facility. The project is projected to generate a capital investment totaling $32 million. When fully leased, it could employ over 180 full-time workers. Upon completion, the project will also generate increased investment, worker traffic, and tax revenue to the community.

Ashley Capital has a successful track record with speculative developments in the region, including Tri-County Commerce Center in Hazel Park and Liberty Park Commerce Center in Sterling Heights. In addition, Ashley has attracted, noteworthy business expansion projects like Mayville Engineering, who established a flagship manufacturing facility in Tri-County Commerce Center, resulting in a total private investment of $51.5 million and creation of 387 jobs.

Read the Governor’s Full Bulletin

Crain’s Detroit Business Report December 2021

The MSF board approved $8M in tax breaks for Livonia West Commerce Center 2.

According to the Crain’s Report, the benefits provided by the MSF board were crucial to development, as the area is a brownfield redevelopment site. The former GM site had environmental and topographical issues that needed to be addressed before the new Livonia West Commerce Center 2 could be built.

Rep. Laurie Pohutsky believes that “Livonia will benefit greatly from this investment and its potential for growth.”

Read the Full Crain’s Report