Three condos starting at $1.55M to be built in Hartz Building downtown

Some of the highest-priced condos have just hit the market downtown. Three yet-to-be constructed units will be built in the historic Hartz Building above the Detroit Beer Company downtown. Each condo will have three bedrooms and take up a single floor of the six-story building at 1529 Broadway Street. The third-floor condo, which will be

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Dakkota Integrated Systems to build plant, bring 625 manufacturing jobs to Detroit

Dakkota Integrated Systems announced today that it will build a $55 million, 600,000-square-foot manufacturing plant in Detroit and hire 625 employees. The new facility will be on the east side at the 32-acre site of the former Kettering High School and Rose Elementary School. The company purchased the site from the Detroit Public Schools Community

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Fisher Building owners refinance loan for $36M to continue preservation efforts

The owners of the Fisher Building have closed on a major loan refinancing to continue much-needed maintenance and preservation efforts on the historic Art Deco building in New Center. According to the ownership team of The Platform, HFZ Capital Partners, and Detroit Rheal Capital Management, the new loan was done by Boston-based UC Funds and

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Mortgage Rates Haven’t Been This Low Since 2016

  For the seventh time in the last nine weeks, the 30-year fixed-rate mortgage dropped, reaching the lowest average since November 2016, Freddie Mac reports in its weekly mortgage market survey. “While the industrial- and trade-related economic data continues to dominate the news, the drop in mortgage rates over the last two months is already

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Construction to begin soon on Woodbridge townhome development

Detroit’s Woodbridge neighborhood is filled with dozens of over 100-year-old Victorian homes. Soon joining the mix will be new townhouses attempting to fit in with the neighborhood’s historic character. Woodbridge Crossing will eventually be 12 homes in six buildings on Lincoln Street between Canfield and Calumet streets, just outside the Woodbridge Historic District. Construction will

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JPMorgan Chase’s Detroit investment growing to $200 million

Article from Crain’s Detroit JPMorgan Chase has exceeded its $150 million Detroit investment, philanthropy initiative Bank plans to invest $50 million more in affordable housing, job training and entrepreneurship CEO Jamie Dimon in Detroit for two-day visit Wednesday and Thursday Banking giant JPMorgan Chase & Co. plans to increase its targeted investments and philanthropy in

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$19 million short-term housing project for homeless in Detroit secures rezoning

    Project now heads to Detroit City Council Construction could begin as early as spring 2020 Will provide short-term housing for homeless to pave way for permanent housing The Pope Francis Center’s plans for $19 million, short-term housing complex for the homeless on Detroit’s northeast side are moving forward. Detroit’s Planning Commission on approved

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Detroit’s Most Ambitious Neighborhood Project Turns Two

In 2017, Mayor Mike Duggan announced that Detroit would be the first city in the country to completely rebuild a struggling neighborhood. With the help of developers and funders, the Fitzgerald Revitalization Project would turn the northwest Detroit neighborhood from a place with hundreds of vacant properties to a vibrant, blight-free area that could be enjoyed by new and longtime residents alike.

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