It’s now been made public that Ann Arbor SPARK has walked away from negotiations over Ypsi’s Smith Furniture building. It seems as though they couldn’t come to terms with the building’s owner. So, they’re looking to locate their SPARK East business incubator elsewhere. Word is they’re talking to Eric and Karen Maurer about the building on the South side of Michigan Avenue, between Bombadil’s and TC’s. Our hope is that the parties can come to terms quickly, so that the facility can open before 2009. (The building, as I understand it, still needs quite a bit of work.)
The Maurers have put a lot of time and effort into their downtown properties these past several years, and, in my opinion, they deserve the stability that a 5-year lease with a relatively stable entity like SPARK would give them. I didn’t post about it here, but I was pulling for them from the beginning. In general, I think it’s a good thing when, all other things being equal, hard-working developers win out over real estate speculators who, it would seem, bought inexpensive buildings years ago in Ypsi with no intention of improving them, waiting for the day when gentrification came and they could sell for several times what they paid. One doesn’t like to see that kind of behavior rewarded.
Of course, the really important thing isn’t where the Ypsibator lands, but that it lands somewhere. While I’d like to see the Maurers rewarded for their hard work and investment in Ypsi’s downtown, it wouldn’t be the end of the world if they didn’t get it. (Spark is talking with at least one other landlord.) As I understand it, the Maurers now operate over 100 rental units, and business is brisk. The really important thing for Ypsi, and I think that they’d agree, is that SPARK signs a lease somewhere along the Michigan Avenue corridor and starts putting down roots in the community.

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