Cascade Sees Development

October 7, 2005
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CASCADE TOWNSHIP — Two office buildings, one combination gas station and convenience store, and two retail strips will be going up soon on about 14 acres on Cascade Road SE near I-96.

Most of that property, about 12 acres, was home to the old HarleyHotel. Hund-Fink Acquisitions LLC, a partnership between Jeff Hundley and Mark and Ed Finkelstein, purchased the land four years ago and recently sold the site to The Christman Co., one of the region’s largest general contractors.

Hundley, also a director with the commercial real estate firm Colburn-Hundley Inc., told the Business Journal that Christman plans to build an 80,000-square-foot office structure for medical tenants on the land. Christman will own and manage that building.

When that project is finished next fall, Christman and Hund-Fink plan to build another 28,000-square-foot office building on the site. But if a tenant comes along that wants its own freestanding building, construction on the structure would get under way sooner.

“We’re going to be partners on that building,” said Hundley.

Hund-Fink also bought the parcel that fronted the Harley site, which held a Shell station. The partners recently razed it and are in the process of building a new Shell gas station —with a convenience store and a submarine sandwich shop —  which they will sell back to Shell.

Hund-Fink also purchased an office building at the corner of

Cascade Road
and
Cascade Parkway
, demolished the structure and is building two retail strips on the property.

“Wolverine Business Group did all the demolition and they’re our contractor,” said Hundley. “The retail strips are both under construction now.”

Hundley said the retail strips and the Shell station would open next spring.

Hund-Fink also is developing the last large commercial property along

28th Street SE
: the former Showcase Cinemas property near the I-96 interchange. Costco, Target and Staples stores already have opened in the 500,000-square-foot development known as Waterfall Shoppe’s. The three stores account for about 315,000 square feet of retail space. Hundley said the partners are close to landing a national sporting goods retailer and also have received a commitment from Hampton Inn to build a 108-room hotel on the site.

“That is a big project for a couple of young punks like us. A $100 million project is a lot of money to me,” said Hundley with a laugh.

About 52,000 vehicles travel past the

28th Street
property each day, and 91,000 people with an average annual household income of nearly $65,000 live within five miles of Waterfall Shoppes.    

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