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Historic Kalamazoo Gazette building changing hands | Business

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Historic Kalamazoo Gazette building changing hands
Business, News

Kalamazoo, MI - Phoenix Properties has announced its plans to redevelop the former Kalamazoo Gazette properties at the corner of the Kalamazoo Mall and Lovell Street in downtown Kalamazoo.

The announcement comes after weeks of speculation centered on the future of a primary building that anchors the south end of the Kalamazoo Mall, a historic building occupied by Kalamazoo's oldest existing business, the Kalamazoo Gazette.   

Highlights of this unique, adaptive re-use property include:

  • Up to 50,000 sq. ft. of open office space on a single floor.
  • Abundant production/storage spaces, some with 40+ foot ceilings.
  • Top quality construction and abundant utilities.
  • Historic retail opportunities and landmark clock tower.
  • Multiple loading docks, freight elevators and other conveniences.
  • Centrally located in close proximity to Bronson Hospital, the new WMU Medical School, the Epic Center, municipal parking ramps, Rave Theater, and Pfizer.
  • Secure underground parking planned.
  • Walking distance to all major downtown amenities.
  • Unique zoning and uses permitted.

"Phoenix Properties is very excited to be contributing to the dynamic recent growth in this part of our downtown market" said Alan Sylvester and Greg Taylor, Principals of Phoenix.  Sylvester and Taylor added "we look forward to continuing to work closely with the many committed economic development partners, both public and private, who have supported our efforts to add value in our community.  We envision a mix of retail, residential, office, medical and perhaps even some production uses for this fine facility".

Access to use this landmark property is available to the open market for the first time since 1924.  The unique Albert Kahn architecture and recent press gallery expansion offer a wide variety of uses of this historic, one-of-a-kind urban property.  Terms of the sale remain confidential and the total project cost will depend upon the final user mix.  This project could provide space for commercial tenants as soon as mid-2012.

This property will feature excellent vehicular and pedestrian access with two signalized corners covering almost an entire city block (2.0 acres) of downtown Kalamazoo at this prominent corner.

The conversion of this property to mixed-use will occur during the same time-period other major development projects are completed in its immediate vicinity, which include Peregrine Plaza, a redevelopment project for commercial use (now housing the new offices for M-Live) residential units, and the Western Michigan  School of Medicine, located one block away.

Ken Nacci, President of Downtown Kalamazoo Incorporated (DKI), was quoted as saying "DKI is pleased that it will be working with Phoenix on this project because it appreciates the rich history of this great property.  We are confident that, done properly, the Gazette buildings will create many exciting new opportunities for downtown job creation and add attractions to this expanding part of town".

"Our organization is pleased that Phoenix, as a local developer, will be working hard to preserve the pride of ownership that the Kalamazoo Gazette has always had for our long-time home.  Our business is starting an exciting new phase in Kalamazoo and we look forward to witnessing equally exciting new uses of our property" said James Stephanak, Publisher, representing the Kalamazoo Gazette.

Phoenix Properties is a 30-year old commercial real estate firm based in Kalamazoo.  Quality local firms working with Phoenix on this project include TowerPinkster Architecture, Soil and Materials Engineers (SME), and Hurley & Stewart, among many other Kalamazoo area firms.  The City of Kalamazoo staff, DKI, Southwest Michigan First and the City Brownfield Redevelopment Authority will also be key collaborators on this project.

Inquiries about this project should be directed to Greg Taylor at Phoenix Properties at either (269) 375-6300, ext. 011 or gtaylor@pp-mi.com.

Floor plans, historical photos and an aerial photo for this property are posted on the Web at  http://blog.towerpinkster.com.

For information and perspective on how this development project impacts the health and vitality of downtown Kalamazoo, please contact Ken Nacci of Downtown Kalamazoo Inc. at kenn@dki.org or call 269.344.0795.

Business, News