Detroit’s post-holidays Winter Blast festival is coming back in 2019 with more dates and free of an admission fee. The event in downtown Detroit’s Campus Martius Park will be multiplied over four weekends: Jan. 19-21, Jan. 25-27, Feb. 8-10 and Feb. 15-17, according to a Wednesday news release.
Ford has pledged to bring 2,500 direct jobs to Corktown by Dec. 31, 2022 and another 2,500 employees of suppliers and “partners” by Dec. 31, 2028. Ford “anticipates the bulk of the supplier jobs to be created or brought in by 2022,” said Stacey Bowerman, vice president of business development projects for the MEDC
Real estate as an investment has become a hot topic over the past few years. The many fix-and-flip TV shows have something to do with it. Rental home investing has always been superior in many ways to holding stocks and bonds. So, what’s right for you — active real estate investing or passive?
Oh what a difference three years makes. Amid a strengthening downtown real estate market, Wayne County reached a tentative agreement to sell a downtown Detroit office building near Campus Martius for $4.65 million to the Elia Group, according to a joint press release on Sunday. The deal for the four-story, 29,968-square foot building along Woodward Avenue in the shadow of the towering 40-story Guardian Building still needs approval by the Wayne County Commission. But if it comes together, the sale’s price would be more than double the amount tentatively agreed to in 2015 with a different prospective buyer.
The Shinola Hotel is set to open by the end of the year, and a new retail shop will open at 1424 Woodward this Friday. It will be the 27th brick and mortar Shinola store in the country, at the first hotel for the design brand. The shop will open at 10 a.m. November 23. The 1,600-square-foot store will offer a a full lineup of the brand’s items, including the Runwell Desk Clock, the Shinola Hotel Leather Pillow, and the Shinola Hotel Throw Blanket. The free monogramming service will also be offered to guests purchasing journals and leather goods. Custom engraving will also be available for select jewelry pieces.
Real estate is said to have made more millionaires than anything else. For those who have successfully made money in it, it’s not hard to see why. With so many different ways to grow wealth investing in real estate, there are tons of opportunities for many different people with different skill sets and talents to be successful, make money, and improve their financial position in meaningful ways.
In the next few years, the Islandview and West Village neighborhoods are expected to get a lot more infill housing. The city has taken the next step in that process, releasing two Requests for Proposals for separate projects. The first RFP is calling for the rehab of eight duplexes which will house 16 mixed-income rental units. These duplexes are located throughout the Islandview neighborhood between West Vernor and Charlevoix.
Detroit City FC is officially going pro. The National Premier Soccer League said today that the club is among 11 that will form a new professional league that will begin play in the fall of 2020. In the interim, the league said the teams will play in the inaugural “NPSL Founders Cup” competition that will run from August to November 2019.
In its most basic form, blockchain makes it possible for the first time ever for people and companies to make major transactions without going through an intermediary. Intermediaries like credit card service companies, stock exchanges, banks and governments can make transactions expensive, slow and illiquid and may open opportunities for fraud or crime.
Jack Entertainment LLC, owned by Quicken Loans Inc. Chairman Dan Gilbert, reached an agreement late Tuesday to sell Greektown Casino-Hotel in downtown Detroit in a $1 billion deal. Wyomissing, Pa.-based gaming conglomerate Penn National Gaming Inc. and Vici Properties Inc. are the buyers of the 400-room hotel and casino.