Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DETROIT-Visteon Corp.’s Visteon Village in Van Buren Township was the largest commercial construction project completed in 2004, according to a new report compiled by the Southeast Michigan Council of Governments.

SEMCOG said the Wayne County facility, which houses Visteon’s headquarters, a technical center and other functions, measured 870,000 sf, making it easily the largest project in the region in 2004. A 624,000-sf expansion of the William Beaumont Hospital in Royal Oak was the second largest project.

In its annual report of commercial building activity, SEMCOG said 14.6 million sf of commercial space of all types was completed in 2004 in Livingston, Macomb, Monroe, Oakland, St. Clair, Washtenaw and Wayne counties.

The 14.6 million completed sf represented a drop of about 600,000 sf from 2003 and a decrease by roughly half from 2002, when 29.4 million sf of work was completed in the region. While the completed project level dropped off in 2004, there is an expectation that 2005 will see an increase. SEMCOG said more than 20.1 million sf of commercial construction was started in 2004, but not completed and therefore not counted in the 2004 total.

With 4.6 million sf of projects completed in 2004, Oakland County construction activity accounted for a full third of all commercial construction completed last year in the Detroit region. Wayne County saw 4.1 million sf of construction completed, or 27% of the total.

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
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


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 © 2021 ALM Media Properties, LLC. All Rights Reserved.