Our roundup of the latest news from metro Detroit and Michigan businesses as well as announcements from government agencies, including updates about the COVID-19 pandemic. To share a business or nonprofit story, please send us a message.
$1.65M Renovation of Detroit’s Romanowksi Park Complete
The $1.65 million renovation of Detroit’s Romanowksi Park has been completed. Mayor Mike Duggan and representatives of the Detroit Pistons and the Ralph C. Wilson Jr. Foundation were on hand for the recent re-dedication.
The park’s renovation was started in 2018 and funded in part by the Pistons and the Wilson Foundation.
Improvements include a perimeter walking path, new play equipment, picnic tables, and benches. The existing tennis courts were converted into futsal and pickleball courts funded by the Michigan Department of Natural Resources. The Detroit Pistons funded resurfacing of the 18-hoop basketball court on the St. John Avenue side of the park. Funding from the Wilson Foundation supported restroom and soccer field improvements.
“The upgrades at Romanowski Park would not be possible if it weren’t for help from our partners,” says Duggan. “We are so grateful to the Michigan Department of Natural Resources, Detroit Pistons, and Ralph C. Wilson Foundation for their continued support.”
Jim Boyle, vice president of programs and communications at the Wilson Foundation, says, “Investing in the infrastructure of Romanowski Park means investing in the families and youth of this community by encouraging sports sampling, helping provide increased access to green space, and promoting a lifelong engagement with physical activity. We’re proud to support the city of Detroit as they work to establish high-quality park amenities for the city’s residents.”
Hunter Pasteur Delivers First Set of Condos to West Bloomfield Development
The first set of ranch-style attached condominiums have been completed by developer Hunter Pasteur of Farmington Hills in Gramercy Ridge in West Bloomfield Township.
Gramercy Ridge ultimately will consist of 52 condominiums, a model for which is open for public viewing.
Nestled at the corner of 14 Mile Road and Middlebelt Road, Gramercy Ridge spans roughly 11 acres. The condos range from 1,455 to 2,375 square feet, and are available in two-, three-, and four-bedroom models. Each unit features an attached, front or side-entry two-car garage, options for a first-floor owner’s suite and basement expansion. Pricing begins at $508,000 and ranges to $622,000.
“Gramercy Ridge is both an accomplishment and an exciting development, not only for Hunter Pasteur, but for the entire West Bloomfield community,” says Seth Herkowitz a partner at Hunter Pasteur. “Our vision was to provide personalized, custom living spaces in a convenient location. Bringing multi-family condos to West Bloomfield offers new possibilities for people looking to become a part of this community, and provides a great option for empty-nesters looking to downsize, first-time homebuyers and everyone in between.”
Hunter Pasteur partnered with TR Design Group of Bloomfield Hills to design the condominiums, Grissim Metz Andriese Associates to draft the exterior landscape, and Jackie Schwartz of Interior Home Warehouse to outfit the interior of the stunning model unit.
For more information, visit livegramercyridge.com.
Development on Gramercy Ridge began in Summer 2020, construction broke ground in Fall 2020. The first set of condos will be finished in December 2021, with units delivered each month until the estimated project completion in 2023. To schedule a tour of the Gramercy Ridge model, contact the sales center at 248-305-7100 or email email@example.com.
High Life Farms Introduces Cannabis Distillate Cartridges to the Michigan Market
High Life Farms in Chesaning is introducing 4SCORE cannabis cartridges to the Michigan market on Dec. 17.
“We’re thrilled to partner with 4SCORE to bring Michigan consumers a top-tier line of distillate carts in time for the holiday season,” says Ben Celani, co-founder of High Life Farms. “We share a common priority to develop the highest quality cannabis products possible and we are excited to launch this new product line. HLF is committed to providing our customers with the most sought-after products and formats and as cartridges gain popularity among consumers, we have delivered.”
4SCORE will be releasing a line of full-gram cartridges that are designed to appeal to both new users and cannabis connoisseurs alike, with strains such as: Acapulco Gold, Agent Orange, 9 Pound Hammer, Green C, Banana Runtz, Cherry Pie, Maui Wowie, Headband, and Northern Lights.
These strains were selected based on their terpene profiles and ability to provide flavor with effects. Each and every strain was “artfully” bred with the end user’s experience in mind, according to the company.
Detroit Red Wings Partner with Socios.com on Fan App
The Detroit Red Wings have entered a marketing and advertising partnership with Socios.com, an all-in-one influence and rewards app for sports fans across the world.
“The Detroit Red Wings bring a winning tradition to the Socios.com family,” says Alexandre Dreyfus, CEO of Socios.com. “We are elated to assist the club find new and innovative ways to connect with its supporters around the world.”
Molly Wurdack-Folt, vice president of corporate partnership activation for Olympia Entertainment, says, “We’re excited about this partnership with Socios.com. It will provide our fans another great opportunity to interact and engage with our partner from wherever they may be rooting on the Red Wings.”
Socios.com is a direct-to-consumer (D2C) platform that leverages blockchain technology to provide the world’s leading sporting organizations with the tools to engage with and monetize their global fanbases. The company has multiple office locations around the world and has opened new regional headquarters in Madrid, Istanbul, São Paulo, and Buenos Aires in 2021, with a new office in North America to open in the near future.
Report: Green Bond ‘Greenium’ Fuels Sustainable Investment in Region
A green bond premium, or “greenium,” is fueling a wave of investments in environmental sustainability in the Great Lakes St. Lawrence region.
A new study finds that public bond issuers in the region can lower their borrowing cost by using green bonds. The “greenium” enables governments, utilities, and other public agencies to save up to 23 basis points compared to conventional bonds, based on yield spreads in the primary bond market. Investors are increasingly willing to take a discount for green bonds tied to demonstrable environmental outcomes — saving taxpayer money while financing needed improvements.
The Chicago-based Great Lakes St. Lawrence Governors and Premiers (GSGP) commissioned the study by Peter Adriaens, professor of environmental engineering, finance and entrepreneurship at the University of Michigan in Ann Arbor.
“These trends are creating opportunities to increase value for taxpayers and ratepayers while enabling investments that save water and energy, reduce emissions, and protect land,” says David Naftzger, executive director of GSGP.
Green bond issuance has exploded in recent years, with 25 percent more green bonds issued in 2019-20 than in the preceding decade. Additionally, the total face value of green bonds issued in 2019-20 was more than three times that of conventional bonds issued in the same period.
The research also forecasts that by end of the decade, more than $10 billion of bonds will be issued annually in the Great Lakes St. Lawrence region. Nearly $6 billion of bonds will be issued in the region in 2021. If current growth trends hold, that amount will grow to $7.7 billion in 2025 and to $10.2 billion in 2030.
“The regional bond market is growing quickly as governments seek to take advantage of today’s low-interest environment to make long-term investments in infrastructure and other needs. We expect this growth to continue in coming years, nationally as well as in the region, particularly given the appeal of green bonds to issuers and investors,” says Adriaens.
Knight Arts Challenge Winners Selected
The John S. and James L. Knight Foundation has selected 14 artists and arts organizations to share more than $1 million from the 2021 Knight Arts Challenge Detroit to bring their ideas to life and connect people to each other and to their community.
The winners of the 2021 challenge are:
- American Riad — $171,000
- Ash Arder — $64,200
- City of Asylum/Detroit — $50,000
- CultureSource — $150,000
- DAAY — $10,000
- Detroit Parks Coalition — $80,000
- Fenwood Enterprises — $50,000
- Live Coal Gallery — $125,069
- Norwest Community Collaborative — $150,000
- Oloman Cafe and Gallery — $11,592
- The Ron Allen Project — $25,000
- Sidewalk Detroit — $250,000
- Simon Anton/Thing Thing — $35,000
- What Pipeline — $25,000
Twenty-seven organizations and individuals were awarded $10,000 Tech Grant Knight Arts Challenge funds.
For more information on the winners, visit here.
Heart Attack Deaths More Likely During Winter Holiday Season
Scientific research over time has shown an uptick in cardiac events during the winter holiday season, and more people die from heart attacks between Dec. 25 and Jan. 1 than at any other time of the year.
The American Heart Association in Southfield is offering tips and resources to help people have a happy, healthy holiday season.
“Everyone wants to enjoy themselves around the holidays, perhaps this year more than ever, as many of us have not seen friends or loved ones in quite some time due to the pandemic,” says Dr. Phillip D. Levy, president of the board of the American Heart Association of Detroit. “As we gather to celebrate, it is important to keep our health top of mind”
The association recommends:
Knowing the symptoms and take action: Heart attack signs vary in men and women and it’s important to catch them early and call 9-1-1 for help. The sooner medical treatment begins, the better the chances of survival and preventing heart damage.
Celebrate in moderation: ‘Tis the season for unhealthy changes in diet and higher alcohol consumption. Eating healthfully during the holidays doesn’t have to mean depriving yourself, there are still ways to eat smart. Look for small, healthy changes and swaps you can make so you continue to feel your best while eating and drinking in moderation, and don’t forget to watch the sodium.
Plan for peace on earth and goodwill toward yourself: Make time to take care of yourself during the busy holiday. Reduce stress from family interactions, strained finances, hectic schedules and other stressors that tack on this time of year, including traveling.
Keep moving: The American Heart Association recommends at least 150 minutes of physical activity per week and this number usually drops during the holiday buzz. Get creative with ways to stay active, even if it’s going for a family walk or another fun activity you can do with your loved ones.
Stick to your meds: Busy holidays can make way for skipping medications, forgetting them when away from home, or not getting refills in a timely manner.
For more information, visit here.