Mike Ablon, left, and Gregg Kilhoffer Caven Enterprises has entered into an agreement with developer PegasusAblon to develop two residential-mixed use buildings on land now owned by the the company that operates several bars on Cedar Springs Road.

Caven, which owns TMC–The Mining Company, Sue Ellen’s, JR.’s Bar & Grill and Station 4, will sell its properties to PegasusAblon but continue to own and operate its bars.

The sale involves property on the west side of Cedar Springs Road, from Reagan to Throckmorton Street, and at 4001 Cedar Springs Road.

PegasusAblon’s principal is Mike Ablon, who ran for mayor in 2019 and is best known for developing property in the Design District, changing the area from industrial to residential, restaurants

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BREAKING NEWS: Caven to partner with developer in new residential/retail space on Cedar Springs

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