Warren Buffett is generally attributed with coining the phrase “skin in the game.” It essentially means key players have a financial stake in the outcome of an investment. That if you’re going to run a company or development project, you’re personally as at risk in some capacity as outside investors.
Over the last week, I’ve been asked multiple times if I plan to focus on developing within the region.
While I always keep my eyes peeled for a new project to tackle, I know one thing for sure: I'm fully committed and invested in the Great Lakes Bay Region. It’s not only where my family lives, but there are also lots of opportunities for growth.
Whether you’re redeveloping a five-story, historic structure or remodeling your kitchen, the secret to any successful project is the same: Building the right team.
But how do you pick the right builder or contractor to help bring your dream to life?
For me, it’s a combination of doing a lot of homework and then listening to your gut.
Developers orchestrate. We’re the jacks-of-all-trades and masters of none. That’s why building the right team is critical: You need to surround yourself with people who understand your vision and have the expertise to see it through.
Last week I posted a statement on Facebook critical of elected officials. It was pretty mild: A simple request for them to show up and serve the community boards on which they serve.
The board members had just voted to increase their pay in the coming years and my reaction was: “Great! But if you want the pay, do the work.”
People at ULI Michigan told me I should be in touch with you! What have you been up to with the Urban Land Institute?
When I started my development firm, I took advantage of several educational opportunities through the Urban Land Institute. I also went to the Fall Meeting in San Francisco in 2015 and the bi-annual Small Scale Developer Forum in Pittsburgh in 2016. I’m also in the 2017 ULI Michigan class of Larson Leadership out of Detroit.
BAY CITY, MI -- A $1.7 million renovation project is planned this fall for the facade and upper floors of a popular downtown Bay City restaurant, but the bigger news could be coming after the new year.
Dave Dittenber, owner of Old City Hall, 814 Saginaw St., has announced plans to make exterior facade improvements and completely renovate the restaurant's second and third floors into warehouse-style commercial office space.