The 6-acre area will house an initial 19,550 square-foot facility
A deal the city of Kalamazoo approved Monday night will allow a medical marijuana business to move in to a part of town that has sat undeveloped for about a dozen years.
The city voted on Monday, July 1, to approve a measure to sell an approximately 6-acre portion of Davis Creek Business Park to Davis Creek Land Development Co., LLC, for $120,000, and authorize the city manager to sign documents to complete the sale. Davis Creek Land Development Co. has the same principal owners as medical marijuana company Seven Point Supply, LLC., according to the city.
As part of the pending agreement, the developer will redevelop and improve that portion of the business park located south and west of Full Circle Drive by initially constructing an approximately 19,550-square-foot building to operate a medical marijuana facility to cultivate and process medical marijuana, according to a recommendation submitted to the commissioners.
The initial capital investment for the project is expected to be about $1 million, according to the recommendation to the commission, and will result in the creation of approximately 15 full time equivalent jobs once complete.
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