University Of Michigan Credit Union

With poll: 500 new jobs: Where could Barracuda find a 100000-square-foot ...

But it also begs the question posed by developer Ed Shaffran: “Where are you going to find 100,000 square feet?”

And even if they could, would it even fulfill the California company's vision of creating a campus?

Pollay, moments after hearing the news, expressed confidence that a solution could be reached. “We’ll work it out,” she said.

Yet a look at what’s available downtown, both existing properties and potential redevelopment sites, shows that most options will require some effort.

Ann Arbor does not have a building with 100,000 square feet available - and even few office buildings have that much space.

Just how big is that? Picture the One North Main office building. That’s close. Or 301 E. Liberty, which is about 77,000 square feet. The former Ann Arbor News building , one of the biggest office deal downtown in recent years, is 58,000 square feet.

So Barracuda’s stated goal represents a small slice of the downtown office market when looking at existing buildings with leasable space.

“Where would you put 500 jobs in downtown Ann Arbor?” asks Jeff Hauptman of The Oxford Cos. “We don’t have that kind of vacancy downtown.”

That’s not to say Barracuda and the company's broker, Jim Chaconas , couldn’t quietly approach owners of buildings with an offer to purchase. If that offer includes a buy-out for existing tenants, a deal could happen.

A deal also could be possible at the former Borders headquarters on Maynard Street, where 48,000 square feet has been vacant for years. If Borders chose to downsize or close its store on East Liberty, it could add contiguous space to add to that office space.

Then there’s new construction.

It wouldn’t have to start from scratch: Across the street from Borders, there’s the former Tally Hall. Lower level offices sit under a parking structure and single-story retail space that's owned by McKinley and “going vertical” there would get the company close to both the University of Michigan campus and Google, the last highly celebrated IT company bound for downtown.

What kind of building sites might be under consideration?

There are a few: the single story building west of Sloan Plaza condos on East Huron is marketed for a high-rise redevelopment. The vacant lot north of Bank of Ann Arbor, where 80,000-square-feet can be built. A former lumber yard on North Main near M-14 (which could offer interesting potential to capitalize on the Huron River).

University of Michigan Credit Union – Wealth Management Services ...

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