Thank you for sharing!

Your article was successfully shared with the contacts you provided.

FLINT, MI-Officials from the investor group Uptown Developments have bought three buildings in the 500 block of S. Saginaw Street and plans to create an office, restaurant and residential complex Downtown. City officials hail the development, which could bring new life to the troubled Downtown by 2006.

The Uptown Developments Group says restaurateur George Falaras has already agreed to build a restaurant and brew pub within the three buildings on S. Saginaw. In addition, Rowe Engineering has shown interest in moving its offices to the site, and negotiations are under way to throw a few apartments into the development mix. “This project is so large. It will bring 220 employees Downtown. That’s quite a few for the first time in many, many years,” says Phil Shaltz, of Uptown Developments.

The plans coincide with renovations currently under way just down the street on the upper floors of the Republic Bank Building. The bank building plans call for the construction of 16 loft apartments.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.