The Detroit Economic Growth Corp. today announced they have reached an agreement to sell 40 acres on Detroit’s east side for $2.2 million to Crown Enterprises Inc., a Warren-based development company owned by Manuel “Matty” Moroun.
Robert Rossbach, a spokesman for Detroit Economic Growth Corp., says the land will be used to build a logistics facility for a tenant of Crown Enterprises, which has not been named. The property is near the junction of I-75, in the I-94 Industrial Park,
“This is an important project for the I-94 Industrial Park and the city of Detroit,” says Brian Holdwick, DEGC’s executive vice president of real estate and financial services. “It will create a significant number of jobs for Detroiters during construction, in addition to new jobs when the tenant is up and running by the end of this year.”
Billionaire Moroun also owns Michigan Central Station and the Ambassador Bridge.