A beauty of a new deal for Holland cosmetology school

June 22, 2009
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Despite the recession and a lack of abundant credit for real estate transactions, a Grand Rapids firm has locked in a new tenant for its ongoing development in Holland Township.

Third Coast Development Partners has signed Moored Associates LLC as its latest tenant in the Federal Square Business Park, located just east of downtown Holland.

Moored Associates owns Tulip City Beauty College and has chosen Federal Square for its newest and fourth cosmetology school.

“The addition of this school to the Federal Square Business Park cements the commercial aspect of the redevelopment effort,” Dave Levitt, a partner with Brad Rosely in Third Coast, told Business Journal reporter David Czurak.

“Between the beauty college, the corporate offices and the salon, there will be a lot of new life on the 8th Street side of the Federal Square development. We are really pleased that Tulip City has chosen our location for their new facility,” he added.

Moored Associates is the eighth tenant in the business park, which once was a Hart & Cooley manufacturing site. Third Coast purchased the property in 2006 and built a new headquarters for the company in Cascade Township.

Classes at Tulip City Beauty College get started this summer, while the clinical services will start in the fall. Besides the Holland location, Moored Associates owns the Michiana Beauty College in South Bend, the Twin City Beauty College in St. Joseph and the Traverse City Beauty College. The firm also moved its corporate office to the Holland Township site.

Levitt told the Business Journal that Third Coast has some space available for lease or purchase in Federal Square at 500 E. 8th St. He said about 200,000 square feet of industrial space and roughly 5,000 square feet of office space remain.

Border business

Grand Rapids Mayor George Heartwell reported in from the sixth annual Great Lakes and St. Lawrence Cities Initiative Meeting in Trois-Rivières, Québec, last week. Mayors congratulated the U.S. and Canadian Federal governments for agreeing to negotiate a new Great Lakes Water Quality Agreement). The Great Lakes mayors called for the new agreement to be in place by June 2010 and for local government to be included as full partners in the negotiation and implementation of the agreement.

“These magnificent lakes are now facing more complex threats than were ever considered twenty-five years ago,” said Toronto Mayor David Miller, Founding Canadian Chair of the Cities Initiative. “A new agreement must be forward-looking, results oriented and address new threats to the Lakes.” The GLWQA is the primary agreement between Canada and the United States to restore and maintain the chemical, physical and biological integrity of the Great Lakes Basin Ecosystem.”

Last amended in 1987, the agreement fails to address some of the most serious threats to the Great Lakes that have developed over the last 25 years, such as emerging toxic chemicals, aquatic invasive species and climate change.

All dressed up with a place to park

When former U.S. Secretary of State from 2005 to 2009 Condoleezza Rice addresses the Economic Club of Grand Rapids tonight at its 22nd Annual Dinner and Awards ceremony, club members will be able to dress up and park in style as the Amway Grand Plaza Hotel is offering parking in the hotel ramp for attendees at a special rate of $6. Rice’s speech will focus on foreign affairs, looking at the interrelationship of global events and leaders through the lens of her experience as Secretary of State under President George W. Bush and as National Security Advisor (2001-2005).

During the event, The Economic Club will present two distinguished awards: John J. Wheeler, chairman of Rockford Companies, will receive the 2009 Business Person of the Year Award, and Dorothy A. Johnson, nonprofit leader and former president of the Council of Michigan Foundations, will receive the Slykhouse Lifetime Achievement Award.

Define ‘retired’

Jackie Taylor, who celebrated her retirement as director of development at Davenport University last year, just can't be counted on to "retire" (and who thought she would?).

Ms. Taylor has been asked to assume the interim executive director's role for the Michigan Campus Compact, a consortium of more than 42 colleges and universities she helped found. The group's mission is stated as the promotion of education and commitment of Michigan college students to be civically engaged citizens through creating and expanding academic, co-curricular and campus-wide opportunities for community service, service-learning and civic engagement.

Oh, and did we mention she also accepted an offer to consult for Cascade-based Pondera Advisors, a team of leadership coaches who serve as guides for organizational and individual change? Pondera made headlines for its work for the National Hockey League's Chicago Blackhawks with its psychological testing and overlays of all team members, focusing on individual strengths and weaknesses. Pondera also advises the New York Rangers and St. Louis Blues, but was reportedly asked to take its availability to the NHL off the table. Last week Pondera was considering a request from the Blackhawks to provide services to them exclusively within the NHL.

Holland in the house

Detroit Red Wings General Manager Ken Holland will be the featured speaker at the third annual West Michigan Sports Commission Luncheon on Sept. 23. Widely acknowledged as the most successful general manager in the NHL, Holland’s reputation got another boost when the Red Wings made it to the 2009 Stanley Cup Finals.

“We are absolutely thrilled that Ken has agreed to join us in September,” said West Michigan Sports Commission Executive Director Mike Guswiler. “The Detroit Red Wings have had an outstanding season, and we know there are huge demands on Ken’s time.”

“This isn’t just an event for hockey fans or even sports enthusiasts. It’s for anyone who wants to hear from a top name in professional sports management,” stated Guswiler. “And it’s for everyone who would like to see West Michigan become a premier venue for major youth and amateur sporting events.”

The luncheon location will be announced soon. Tickets are $500/table of eight or $75/ person and are available by contacting Natalie Rose at (616) 233-3562 or nrose@westmichigansportscommission.com. Luncheon information is also available online.

Some exclusive company

According to a report in the Pittsburgh Post-Gazette, Stanley Cup winning Pittsburgh Penguins coach Dan Bylsma, a Grand Haven native, was entering the Palms Resort and Casino and minutes from walking the red carpet on his way into the NHL Awards show Thursday when his cell phone rang and he heard these words:

"Please hold for the president."

Bylsma had known for a couple days the call might be coming, but his thoughts at that moment weren't just about the honor of President Barack Obama offering congratulations on the Stanley Cup championship.

"My charger must have broken, so I can't charge my phone. I'm on red on my phone," Bylsma said. "The phone call came in and I was thinking, 'Oh, please don't go out. Please don't go out.' "

The battery lasted long enough for the brief conversation that left Bylsma beaming as he reached the other end of the red carpet and entered the Pearl Theater.

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