David Henry, CEO of the firm, says plans are on the drawingboard to build or remodel 25 centers in the next two years. He toldGlobeSt.com that he hopes to put about 50 centers in the city inabout four to six years, each with about 30 employees. "Detroit isa perfect market for us. There are twice as many child care centersin the affluent areas surrounding the city than in Detroit itself.The poor are the ones that really need the service," he says.

He currently runs 24 centers in Philadelphia and nine inPittsburgh. "We hope to do at least that well in Detroit. MayorDennis Archer couldn't have been more friendly in welcoming us tothe city," Henry says.

Two more Detroit centers are in the renovation stage and shouldbe ready once the licenses are approved in about 60 days. One is atWyoming Avenue and Marygrove Road, and the other is at Eight MileRoad and Livernois.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.