Lansing-East Lansing, MI Development

[LMich]

Not particularly sexy stuff, but fairly major economic industrial news.

- Harvest Park has confirmed a business deal that had been pending has been reached. On this particular site they hope to have construction done by the end of the year. The 131 acre park is being marketed and two phase. In Phase 1 (west of Creyts Road), they've sold 6 of the 10 available lots. In Phase 2 (east of Creyts Road), they've 2 of the 7 lots have sales pending. This has already spurred development in Windsor Township with an old, abandoned truck stop across the street to be reopened within three months by a group of local investors. Don's Windmill closed in 2009 after 54 years in business.

Green Park Innovations

Marijuana investor secures $13M real estate deal at Harvest Park

By Eric Lacy | Lansing State Journal

August 9, 2018

WINDSOR TOWNSHIP -- A California real estate company traded on the New York Stock Exchange wants a piece of the township's commercial medical marijuana growing and processing action.

Innovative Industrial Properties has committed to a $13 million deal with Green Peak Innovations at Harvest Park, billed as the largest marijuana business park of its kind east of the Mississippi.

Green Peak, a company with Lansing area investors, has agreed to sell a 56,000-square-foot-facility it constructed and 25 acres of land it purchased at Harvest Park to IIP for $13 million.

Green Peak will lease the land from IIP so it can move forward with its marijuana growing and processing plans, said Jeff Radway, Green Peak's CEO.

The company plans to have 12 marijuana grow facility licenses, 10 at its Windsor Township and two at a Lansing research and development facility. A processing license is expected to be used at its Windsor Township facility.

- A dairy processing facility - one of the largest in the country - will be developed in the city of St. Johns, the county seat of Clinton County just north of Lanisng. The county was the fastest-growing in the state between 2000 and 2010.

$555 million dairy processing operation will add nearly 300 jobs in St. Johns

By Haley Hansen & Rachel Greco | Lansing State Journal

ST. JOHNS — One of the largest dairy processing operations in the country is expected to open in St. Johns by 2020 creating nearly 300 jobs, state and local officials announced Thursday.

The $555 million project will sit on 146 acres in St. Johns, a portion of which was land that previously belonged to Bingham Township.

“This is a huge deal not only for the region but for the state overall,” said Jeff Mason, the director of the Michigan Economic Development Corp.

The project will have "a profound impact" on St. Johns and the agriculture development in the state for decades, said Bob Trezise, the president and CEO of the Lansing Economic Area Partnership. LEAP, a regional economic development agency that works in Ingham, Clinton and Eaton counties, first started working on the project three years ago.