Beal construction firms continue growth in Ann Arbor, Ypsilanti
The construction companies owned by Ypsilanti-resident Stewart Beal have gone through quite the growth spurt over the last year. Beal Inc (a demolition and construction contractor company) and Beal Properties (a property management firm) have both notched 20-30 percent growth during 2011/2012, allowing them to expand their staffs from 40 employees to 180 employees. The Ann Arbor-based companies were also recently recognized as FastTrack firms by Ann Arbor SPARK. Beal Inc does a lot of different work. Last year it started CityFARM, an urban-farming design company, and has tackled a number of large construction projects, including the recent work to renovate the Broderick Tower in Detroit. "Right now we're looking for our next large project," Beal says. Beal Properties specializes in property management, specifically rental properties. It has properties in Ann Arbor, Ypsilanti, Detroit and Toledo. It recently hired eight people to manage the now-leased-out Broderick Tower. Beal expects his companies will focus on maximizing the strides forward it has taken in the near term. "We're going to be concentrating on growth and profits instead of growth and revenue next year," Beal says. Source: Stewart Beal, president of Beal Inc and Beal Properties Writer: Jon Zemke Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.
The construction companies owned by Ypsilanti-resident Stewart Beal have gone through quite the growth spurt over the last year.
Beal Inc (a demolition and construction contractor company) and Beal Properties (a property management firm) have both notched 20-30 percent growth during 2011/2012, allowing them to expand their staffs from 40 employees to 180 employees. The Ann Arbor-based companies were also recently recognized as FastTrack firms by Ann Arbor SPARK.
Beal Inc does a lot of different work. Last year it started CityFARM, an urban-farming design company, and has tackled a number of large construction projects, including the recent work to renovate the Broderick Tower in Detroit.
“Right now we’re looking for our next large project,” Beal says.
Beal Properties specializes in property management, specifically rental properties. It has properties in Ann Arbor, Ypsilanti, Detroit and Toledo. It recently hired eight people to manage the now-leased-out Broderick Tower. Beal expects his companies will focus on maximizing the strides forward it has taken in the near term.
“We’re going to be concentrating on growth and profits instead of growth and revenue next year,” Beal says.
Source: Stewart Beal, president of Beal Inc and Beal Properties
Writer: Jon Zemke
Read more about Metro Detroit’s growing entrepreneurial ecosystem at SEMichiganStartup.com.
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