Whole Foods delivery is coming to Detroit. Amazon, the parent company for the national grocery chain, is expanding delivery to its Prime members in Ann Arbor and Detroit with their Prime Now service.
The Anna Scripps Whitcomb Conservatory on Detroit’s Belle Isle is getting a $1.9 million renovation. Construction on the lower portion of the conservatory’s dome is scheduled to start in October and is expected to be completed…Continue Read or Check Out Our Exclusive, Off Market Investment Properties!
Cadillac is returning its global headquarters to Detroit after three years in New York’s upscale SoHo neighborhood The move contradicts General Motors’ stated plans in April when Steve Carlisle was tapped to run the company’s luxury brand. GM was adamant then that the brand would keep its headquarters in New York…Continue Reading or Check Out
For the third year in a row, Michigan Avenue and West Vernor Highway will be filled with pedestrians, bikes, and probably scooters on October 7 as Open Streets returns. This year’s event runs from Third Avenue near downtown all the way to Military Street in Southwest Detroit. The car-free event highlights local retail offerings and gives visitors a chance to check out work by local arts and health organizations.
Detroit is in the midst of a construction boom, including development of a few new hotels. Both the Shinola Hotel and the Element Detroit Hotel at the Metropolitan Building are slated to open later this year. Beyond downtown, West Elm is planning a new hotel in Brush Park on Woodward, and in Cass Corridor, the 8-story Standard Accident Insurance building is in redevelopment to become a new boutique hotel.
One of downtown Detroit’s most anticipated — and it’s most secretive — hotel developments, the Shinola Hotel, is currently underway. There are still many questions unanswered about the project, but the developers have finally released a handful of interior renderings teasing what customers might expect from the hotel including a bar and an events space.
All eyes are on Detroit. It’s the hip, new destination for millennials seeking out-of-the-box careers. It’s a travel destination for curious adventure-seekers. And it’s the perfect place for people to invest in residential real estate.
On June 18, hundreds gathered around the Michigan Central Depot, Detroit’s 500,000-square-foot decrepit former central train station. The building has served as a symbol of the city’s various ailments wrapped up in one gigantic piece of real estate.
11 leading real estate executives from the Forbes Real Estate Council share their biggest real estate investing mistakes, and what they learned from them.
Great news for Detroit real estate investors: according to smartasset, Detroit is number-five in the United States among cities with the fastest-growing rents.