Business briefs

Category: Chronicle Archives Published on Tuesday, 29 August 2006 20:00 Written by Michigan Chronicle

Museum hires new leader

           
Juanita Moore, executive director of the American Jazz Museum in Kansas City, has accepted the post of president and  CEO of the Charles H. Wright Museum of African American History in Detroit.

           
Moore, who takes her Detroit post Sept. 17, has more than 30 years of museum experience and is a past president of the African American Museums Association. She previously was first executive director of the National Civil Rights Museum in Memphis.

           
COO Tyrone Davenport, who has served as interim CEO since last December when former president and CEO Christy Coleman left to await the birth of a child, returns to his regular post.

Kellum Mortgage files Chapter 7

           
Southfield-based Kellum Mortgage Financial Services has filed for voluntary Chapter 7 bankruptcy, claiming assets of $5,000 and liabilities of $480,648.

           
In 2001, company founder and president Anthony Kellum, then 35, was named to Crain’s 40 Under 40 list of local achievers. At the time, his firm, which he founded from his home in 1994 with a $10,000 loan from his father, had written $150 million in mortgages.

           
In 2002, he became the first African American president of the Michigan Mortgage Brokers Association. — Tom Henderson

MEDC awards brownfield credits

           
Three local development deals have been awarded brownfield single-business-tax credits totaling nearly $2.2 million through the Michigan Economic Development Corp. for projects that include $30 million in private investment.

           
In Ferndale, Woodward Avenue Lofts L.L.C. will use a $1 million brownfield tax credit to build a $17 million, six-story mixed-use structure with 125,000 square feet of commercial and retail space, 89 condominiums and underground parking at 23133-23157 Woodward Ave., 158-170 W. Cambourne and 156-202 W. Lewiston.

           
Charlotte Holiday Townhouses L.L.C. is to use $1.8 million in private investment in rehabilitating two historic Victorian buildings at 66 and 74 Charlotte St., Detroit. Brownfield tax credits worth $175,231 will be used to create 10 rental apartments in the blighted, obsolete properties west of Woodward Avenue between the Detroit Medical Center and Ford Field.

           
In Taylor, a brownfield credit worth $1 million will be used for soil decontamination and demolition at the northwest corner of Northline and Telegraph roads, a site once used for manufacturing, a gasoline station. McDonald’s Subdivision L.L.C. is to build Northstone Village, a $12.2 million project with 112 condo units for moderate-income residents. — Robert Ankeny