Several factors are driving demand, including the auto industry’s transition to electric vehicles
Seats for Ford vehicles are assembled at LM Manufacturing, in Detroit, Aug. 9, 2023.
“After an exhaustive search, we decided that, hey, this is where we want to be,” he said. “This is our new home.” Agnone said several factors are driving demand, including the auto industry’s transition to electric vehicles. And more industrial projects are in the pipeline. Companies looking to move into Detroit include Ypsilanti-based vacuum insulated glass developer LuxWall Inc., which recently said it is considering leasing a facility Bedrock would construct in southwest Detroit to produce its energy-efficient windows. And Magna International has plans for a 280,000-square-foot manufacturing facility in Auburn Hills.
Friedman Real Estate, in partnership with Southfield’s General Development Co., is building the seating plant for Magna International in Auburn Hills, which will supply seats for electric vehicles to be produced at the nearby GM Orion Assembly Plant. The Magna facility is replacing a former animal shelter and pet adoption center on Brown Road.
“It’s really supply chain distribution warehousing and e-commerce and automotive …” he said. “The industrial fundamentals are really strong. There’s a lack of Class A industrial warehouses in the market, and there’s a large labor population.” The company also has construction underway on the former headquarters site for American Motors Corporation on Detroit’s west side. Work is expected to be completed during the first quarter of 2024.The city of Detroit has seen growth driven by original equipment manufacturers, accelerated by the push for electric vehicles, said Kenyetta Hairston-Bridges, executive vice president of economic development and investment services for the Detroit Economic Growth Corp.
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