![Palazuelo sets sights on more property in Detroit]()
Kirk Pinho
- The owner of the Packard Plant says he has another 1.5 million square feet of industrial space in the city under contract with plans for a large scale mixed-use conversion. Fernando Palazuelo declined to identify the property he plans to close on by May 1, but said it is in the city and will be turned into light industrial and office space, and low-income apartments. He also expects some of the redevelopment cost to be financed through a crowdfunding campaign that will kick off later this year.