[DetroitSky]

Canadian company Magna to invest $70.1 million in St. Clair facility, create over 300 jobs

Canadian company Magna International plans to invest $70.1 million and create 304 jobs with its Magna Electric Vehicle Structures facility in St. Clair’s industrial park.

On Tuesday, the Michigan Economic Development Corporation Strategic Fund Board voted to grant the company $1.5 million to help offset cost related to training, recruiting, and construction for the project.

Work began on the 345,000-square-foot facility in December and the company expects to begin production in early 2022, Magna International Communications Director Linda Aubuchon said in an email.

Watermark Residential to Develop 304-unit Luxury Multifamily Community in Lyon Township

Watermark Residential, a Detroit-based developer of multifamily properties, has acquired 20 acres of land in Lyon Township to develop The Crossings by Watermark, a Class A apartment community that will include 19 two-story, farmhouse style apartment buildings. Watermark expects to begin welcoming residents in early 2022.

Located at 57540 Lyon Center Drive, the complex will offer a mix of one-, two-, and three-bedroom layouts with direct-access garages in the majority of the apartment homes.

Ashley Capital Adding 900K Industrial Building in Hazel Park, Robertson Bros. Building Homes

Hazel Park has been expanding its residential and industrial base after drawing new investments from Amazon, LG Chem, AKASOL, and on the housing side, with Robertson Brothers Homes in Bloomfield Hills.

At Ashely Capital’s Tri-County Commerce Center, set on the former Hazel Park Raceway, ground was recently broken on Building #3, a 910,000-square-foot light-industrial structure. The spec building, expected to be completed this year, joins a 575,000-square-foot building for an Amazon Fulfillment Center, along with AKASOL and LG Chem, which are producing batteries for passenger and commercial vehicles.

The second building on the site, 625,000 square feet, opened last year and houses Tier One auto suppliers for FCA Group, Dakota, Hi-Lex, and EnovaPremier.

Campbell adds another good sign for the city is the development of Park 54, a project of 54 single-family townhomes now under construction off of E. Woodward Heights, just east of John R Road, by Robertson Brothers Homes. Prices start at $214,990. Amenities include two bedrooms, 1.5 or 2.5 baths, an open floor plan, a large kitchen, and more.