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Cornerstone Alliance Seeks Developer for Spec Building Construction

BENTON HARBOR, Mich. – Cornerstone Alliance, Berrien County’s lead economic development agency, is seeking a developer to build a 30,000 to 40,000 square foot building in Berrien County. At a minimum, the building will create at least 10 new jobs and more than $5 million in new investment in Michigan’s Great Southwest.

“Our primary focus is to recruit new companies and work with existing companies to create new jobs,” said Greg Vaughn, Chief Operating Officer and Vice President of Business Development at Cornerstone Alliance. “This building is a tool to bring new companies and new leads to Berrien County that we otherwise would not have received.”

Cornerstone Alliance has issued a Request for Proposals (RFP) for a development partner and is intended to recruit a new company to Berrien County. The RFP can be found on the Cornerstone Alliance web site (link). The developer will construct a pre-engineered steel building with a minimum 28-foot ceiling height, a standing seam metal roof and column spacing of at least 50 feet.

Developers interested in responding to the RFP must do so by Friday, April 26 at 5 p.m. (EDT). Cornerstone Alliance will hold a Project Overview Session for all interested developers on Tuesday, April 16 at 8:30 a.m. (EDT) at the Cornerstone Alliance offices located at 80 W. Main Street, Benton Harbor. The meeting is not mandatory but recommended for developers with questions regarding the proposal.

“In order to compete for new businesses, it’s imperative that the community has available modern industrial space,” said Rob Cleveland, President of Cornerstone Alliance. “While the building is being constructed on a speculative basis, we’re confident the market is strong enough to recruit a new employer within a year. Companies are looking for buildings to operate in, and talent to fill those buildings. We’ve had great success working with the MEDC and Kinexus to provide a team-oriented solution for every business need and they will be critical partners in finding a tenant.”

Cornerstone Alliance has identified several suitable options for the building location including the Cornerstone Industrial Park, as well as other sites with great Interstate access. The building will be expandable and could easily be doubled in size, allowing for long-term growth. Building construction should start in the fall of 2019 and be ready for occupancy by the fall of 2020.

The spec building construction was identified as a key job creator by the Cornerstone Alliance Board of Directors in its current strategic plan (link). Cornerstone Alliance will work with the chosen developer to maximize incentive opportunities in order to mitigate risk in securing a sale or long-term lease.

About Cornerstone Alliance

Cornerstone Alliance is a non-profit, investor-governed economic development organization primarily focused on increasing employment opportunities, private sector capital investments and the local tax base in Michigan’s Great Southwest; with specialized business services offered in economically distressed areas.