Biz incubator TechTown working to build space for long list of hopefuls

Wayne State's business incubator, TechTown, is working with Detroit Renaissance and Plante & Moran to fund a build out more room for the nearly 50 potential tenants on its waiting list.

Excerpt:

The line of credit was used to do the build-out the fifth floor and parts of the first and fourth floors of the 140,000-square-foot building. No work has been done on the second and third floors. Charlton estimates it will take about $8 million to $10 million to finish the building.

The incubator is in a catch-22 — it can't finish rehabbing the old factory at 440 Burroughs until it gets more tenants, but the space that has already been rehabbed is at full occupancy and there is no room for more tenants.

Read the entire Crain's Detroit Business article here.