Lansing, Mich (WILX) -- UPDATE 11/22/16 11 p.m.
These plots of land used to house the production of thousands of cars, now they only produce weeds.
"It was sort of an advertisement, sort of a reminder that we used to be something more," Lansing Mayor Virg Bernero said.
The GM Plants in four places in Lansing, Lansing Township, and Delta Township were all shut down in the early 2000's and later demolished. But now, the area could be revitalized. Bernero says it's exciting. "This is what we had hoped for, what we dreamed of that there would be an industrial reuse and of course the plants that are built today are cleaner and greener than the plants that used to be," he said.
NorthPoint Development has agreed to buy the land from the Racer Trust and build automotive manufacturing, warehousing, and distributing facilities. "Manufacturers want their supply chain closer in, that's a very good thing for Lansing and for the redevelopment of these old sites," Bernero said.
A man who lives near one of the sites on Saginaw Hwy and Verlinden says he hopes the projects bring jobs and positive change to the neighborhood. "I do hope to see a lot of development especially on the southwest side where there's a lot of vacant houses and vacant lots still, I'd like to see a lot of development come back to that area," Corey Derushia said.
Bernero says the redevelopment proves that the auto industry is willing to invest in mid-Michigan. "It could lead to further development because investors like to be part of big things, investors like to be part of success," he said.
RACER Trust today announced it has entered into agreements with NorthPoint Development for the sale and development of nearly 260 acres of industrial property in the City of Lansing, Lansing Township and Delta Township.
NorthPoint, which has developed and is managing more than 28 million square feet of industrial property in eight states, plans to build a mix of manufacturing, warehouse and distribution facilities, primarily for companies in the automotive sector.
“NorthPoint Development has rapidly emerged as a national leader in the construction of facilities that play an important role in the making and moving of critical supplychain components,” said Elliott P. Laws, of EPLET, LLC, administrative trustee of RACER Trust. “NorthPoint projects have resulted in hundreds of jobs and created new
economic vitality and opportunities for a growing number of communities. We’re excited by the vision NorthPoint has for our Lansing-area properties, and to know that the redevelopment of these properties will be in such capable hands.”
The purchase agreements between RACER Trust and NorthPoint cover all of RACER’s Lansing-area properties, known as Lansing Plants 2, 3, 5 and 6. The Plants 2 and 3 properties are in Lansing Township, the Plant 5 property is in Delta Township and the
Plant 6 property is in the City of Lansing. Together, the properties comprise 259.6 acres.
There will be an extended period in which NorthPoint undertakes due diligence and planning and seeks approvals for its projects before the sales close and construction begins.
NorthPoint previously purchased RACER Trust properties in Kansas City, Kan., and Lordstown, Ohio, also for development as manufacturing-related centers.
“We’re thrilled by this opportunity and looking forward to completing a project that our team, our tenant companies and the community will be proud of,” said Chad Meyer, President and COO of NorthPoint Development. “We’ve long recognized the potential of these properties for redevelopment and reuse and we look forward to
working with community partners and industrial users who can benefit from the strong infrastructure, logistics advantages and strong workforce the area has to offer.”
“The redevelopment of these properties is great news for the Metro Lansing area, and demonstrates the market’s confidence in our strong, diverse workforce and overall economy,” Lansing Mayor Virg Bernero said. “I look forward to welcoming NorthPoint Development to our community, and to the opportunities NorthPoint will provide to
our workers and growing businesses.”
“NorthPoint’s investment will both revitalize these properties and provide a strong sense of renewal to our communities,” Lansing Township Supervisor Dion’trae Hayes said. “Our high-quality workforce, infrastructure and services give businesses the
confidence they need to invest and grow with us, and I’m delighted that NorthPoint saw the value those of us who live here see every day.”
“Communities thrive when jobs and opportunities are plentiful, and NorthPoint’s redevelopment of these properties is another clear indication that we are a great place to raise a family and run a business,” Delta Township Supervisor Kenneth Fletcher said. “I
thank NorthPoint for its confidence in Delta Township and the region. It is wellplaced.”
“LEAP is very pleased to be working closely with two high-quality partners like NorthPoint and RACER Trust to return these large properties into productive job-producing sites once again,” said Bob Trezise, President and CEO of the Lansing Economic Area Partnership, or LEAP.
All development activity will be coordinated with ongoing environmental cleanup, which remains the responsibility of RACER Trust under the oversight of the Michigan Department of Environmental Quality. RACER Trust will work closely with NorthPoint
to integrate remediation work with site development.