SOUTHFIELD, Mich. – August 8, 2012 – Plante Moran Cresa, a fully integrated independent real estate transaction and consulting firm, is pleased to be coordinating a variety of professional services for the development of the new Neighborhood Club Recreation and Wellness Center in the City of Grosse Pointe. The Neighborhood Club is a non-profit community service organization providing a professionally-organized program of leisure time activities for families and individuals of all ages.
The Neighborhood Club has been operating since 1911 and prides itself on the resources it has provided to area residents for more than 100 years. Until its recent temporary relocation to the Grosse Pointe Congregational Church, the Neighborhood Club was based in a 1970’s era building with space limitations that didn’t accommodate today’s recreational needs. When the new facility is completed, the two story structure on the corner of St. Clair and Waterloo will house a pool, gymnasium, fitness center, fitness studio, sports enhancement center and rowing room. The Club will also include administrative offices and the popular Neighborhood Club preschool. Beaumont Health System will be a long term tenant in the building, providing physical therapy services and services to children and adolescents with behavioral and developmental disorders through Beaumont’s Center for Human Development.
Plante Moran Cresa has been acting as owner’s representative and facilitating the comprehensive real estate project since its inception in 2007, from strategic planning, due diligence, municipal approvals and procurement of debt financing via tax exempt bonds, to the procurement process for strategic partners in engineering, architecture and construction. The firm also is providing day-to-day project management services and oversight of the construction, which is expected to conclude in January 2013.
“The Neighborhood Club approached Plante Moran Cresa with their dream for the new building and we found a way to make it happen,” says Alicia Washeleski, Plante Moran Cresa Project Manager. “The Club is such an integral part of the community that there is a great deal of satisfaction derived from working on this development.”
Stuart Alderman is Executive Director of the Neighborhood Club.
“We are excited to be able to provide additional recreation and wellness activities to the community in a state of the art facility. Plante Moran Cresa has been a great partner to help make this project a reality,” says Alderman.
Financing for the Neighborhood Club is provided by Comerica Bank.
About Plante Moran CresaPlante Moran Cresa is an independent commercial real estate transaction and consulting firm exclusively representing buyers and lessors in the delivery of fully integrated real estate services, including tenant representation, project management and strategic real estate consulting. Plante Moran Cresa’s multidisciplinary team provides unbiased advocacy to a distinguished list of clients seeking to uncover all of their options regarding project feasibility, asset positioning, capital markets, portfolio management, national site selection and incentives. Plante Moran Cresa is affiliated with Plante Moran, PLLC, one of the nation’s largest public accounting and business advisory firms. Additionally, Plante Moran Cresa is a member of the Cresa national and global tenant representation network of corporate real estate service providers. To learn more about Plante Moran Cresa, visit http://www.pmcresa.com