Several large residential projects have cropped up recently on the outskirts of downtown as the city enjoys a wave of investment and improving reputation as a place to live. Long-neglected areas, such as Brush Park, are being transformed by flashy, high-end developments out of reach for the average resident.
Ford kicked off its four-year renovation project at the historic Michigan Central Station in Detroit last week, and the automaker also provided an update and a look inside at the work.
Seven neighborhoods will get a $35 million boost from seven companies to help kickstart redevelopment in areas of the city that residents say are often neglected. Describing the effort as “historic commitments” to the neighborhoods, city officials announced Monday that the funding will be used to improve parks, streetscapes and commercial corridors as well as single-family and affordable housing over the next five years.
The $135 million in general obligation bonds sold by the city of Detroit will pay for dozens of projects, ranging from new bulletproof vests for police and roof repairs at the Charles H. Wright Museum of African American History, to upgrades at parks and buying property for future economic development
Thanks to tightened inventory, housing prices have been on the rise across the country. In some states, prices are hitting levels not seen since before the financial crisis, according to a study from GOBankingRates
Holiday festivities in Detroit continue December 8, as Corktown lights up for a day full of activities. Corktown Aglow will have dozens of activities for families and visitors to choose from
Developing or investing in the real estate market can be financially rewarding. Yet, finding success in the market requires knowledge about the liabilities inherent with any real estate or property-specific work. There is perhaps no better way to gain the information you need than by speaking with those within your industry, particularly about the pain points and hazards buyers and sellers should strive to anticipate and avoid — and the skills needed to identify where trouble may lie.
Most of Detroit’s development over the last five years has occurred in downtown or Midtown but now, development is slowly making its way into the neighborhoods. This map includes notable developments either underway or in the works outside of downtown and Midtown.
Downtown’s latest public art installation recalls nostalgia and whimsy, all while giving visitors something fun to do. The Rainbow City Roller Rink—created by FriendsWithYou and brought to Detroit by the Library Street Collective—opened this weekend. Photographers Michelle and Chris Gerard stopped by to capture the space.
The real estate market is constantly shifting, with investment approaches evolving as new market trends and area-specific information drive change. What worked 20, 15 or even five years ago may not work now or in the new year to come. Real estate investors who stay rigid and play by old rules may be outpaced by their more flexible, informed and relevant industry counterparts.