Crain's Detroit Business - 25th Anniversary Issue, May 3, 2010 - (Page 17)
May 3, 2010
CRAIN’S DETROIT BUSINESS
Page 17
Some businesses win better road project payoffs
10 holdouts remain, one heads to trial
BY CHAD HALCOM
CRAIN’S DETROIT BUSINESS
Business owners in Troy may have collected up to $1 million to date above initial offers from the government for land they are losing to the city in an $8.4 million road widening and improvement project. Ten holdouts remain among the owners of 81 properties, most of them retail and restaurant businesses, along a mile or so of Rochester Road between Torpey
north of Big Beaver Road and Barclay north of Wattles Road, plus half a mile of Wattles Road between Bristol Drive and Worthington Drive. Of those holdouts, Picano Restaurant Inc. and President Dominic Picano will be the first to go to trial today before Oakland County Circuit Judge Edward Sosnick for a portion of the restaurant property along Rochester Road. Nine more landowner cases await court dates between this month and Jan. 4. At issue is a road construction project now under way, with more than $6.7 million of Federal Highway Administration funds and $1.7 million in Troy city funds, that extends a median lane north to Wattles and generally takes about 30 feet of land from businesses on each side of the road.
Darius Dynkowski, partner at Bloomfield Hills-based Ackerman, Ackerman & Dynkowski P.C., said his law firm has won $500,000 above initial offers among seven clients who have settled so far, including interest and attorney fees. Another five clients are still among the holdouts, including Picano’s Restaurant & Lounge and the Shell station belonging to Dearborn-based Safeway Oil Co. Inc. at Rochester and Wattles roads. Safeway President Sam Beydoun said the station has housed gasoline storage tanks underground in a public right-of-way since he acquired it in 2005. He said the city should help him pay to move the tanks as the project requires. “I never had any idea … that anyone was going to need to ex-
pand Rochester Road again,” he said. “We never heard anything to suggest they were even thinking about it.” Birmingham-based Steinhardt Pesick & Cohen P.C. and Farmington Hills-based Berry Reynolds & Rogowski P.C. have obtained another $350,000 in additional compensation for clients, according to settlement documents and arbitration awards submitted to the City Council in recent months. Dynkowski said the business owners’ disputes with the city are less contentious than some condemnations the firm has handled, and he expects all could be resolved before the end of the year. Only 25 cases went to court for owners who didn’t accept the city’s initial offer to settle, said Troy City Attorney Lori
Grigg Bluhm. “We’re pretty far apart on compensation with a few business owners, to where trials might be probable,” she said. “We have a set budget on the project that … (includes) right-of-way acquisition, as well as all costs and fees incurred. (And) we need to provide documentation of each expenditure.” Awards have ranged from $299,000, or $80,900 above the initial city offer for land to Century Plaza L.L.C. shopping center, and $270,000, or $114,406 above the initial offer for Rochester Square Associates, an Ackerman-Dynkowski client, down to $7,500, or $6,400 above the initial offer for JMT Properties L.L.C., a Steinhardt Pesick client. Chad Halcom: (313) 446-6796, chalcom@crain.com
AUCTIONS
REAL ESTATE
INVESTMENT PROPERTY
OFFICE SPACE
MISCELLANEOUS Vacant Land
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Ft. Lauderdale, FL
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June 3, 2010
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5113G1
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• • • • • • •
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AUCTIONS INDUSTRIAL PROPERTY
How to Start Your Bio-Tech Company
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Shelby Town Center
HALL ROAD LAKESIDE MALL AREA
160 N. Ortonville Rd - Groveland Twp, MI
Wednesday, May 19th at 12 PM
This auction features two buildings: Building 1 - 16,600 SF Building 2 - 10,000 SF Located on 3.98 Acres
REA CONSTRUCTION
(734) 946-8730
Also Heavy Industrial Land Available www.reaconstruction.net
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Over 100,000 Cars Daily Join Marshalls, Jo Ann’s, Barnes & Noble, Panera
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. . .
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For more information, contact Auctioneer:
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COMMERCIAL PROPERTIES
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Great location in Ferndale with real estate, parking, bar equipment and liquor license. Price Reduced $1.3M! Broker: 248-932-3020
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slozano@hwwbrealtors.com
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See Crainsdetroit.com/Section/Classifieds for more classified advertisements
http://www.treas.gov/auctions/treasury/gp
http://www.ricklevin.com
http://www.reaconstruction.net
http://www.crainsdetroit.com/section/classifieds
http://www.Crainsdetroit.com/Section/Classifieds
http://www.waretechindustrialpark.com
Table of Contents for the Digital Edition of Crain's Detroit Business - 25th Anniversary Issue, May 3, 2010
Crain's Detroit Business 25th Anniversary
Looking Forward
25 Companies to Watch
25 Mainstays
25 People Then and Now
25 Scandals and Dubious Deeds.
25 Philanthropic Gifts
25 Newsmakers of the Year
25 Big Stories
25 Innovations
25 Gone But Not Forgotten
Health Care
Defense
Suppliers
The Internet and Communication
Energy
Finance
Signs of the Times
Crain's Detroit Business - 25th Anniversary Issue, May 3, 2010
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