The Detroit auto show is less than one week away. This year’s show marks the end of an era and a major anniversary as Detroiters prepare to say their farewells to winter treks for auto shows at Cobo Center ahead of the switch to a June auto show in 2020, which has been promised as a one-of-a-kind auto experience.
While many construction projects in Detroit are set to finish in 2020 or beyond, some big developments will open in the coming year. While much of the development in the city over the past five years has been in downtown and Midtown, this should be a big year for developments in New Center and Corktown. Here’s a few we’re keeping an eye on.
From Detroit’s iconic Institute of Arts to several historic theaters, Detroit offers a mass of incredible things to do even when the temperature drops.
Which Detroit properties nabbed the biggest sales of the year? Our year-end roundup includes some newer closings in Corktown and Palmer Woods, along with a few notable properties that were listed earlier this year. Five properties are coming in at $1 million or more, with the rest between $700K and $900K.
Detroit was a hotbed of real estate deals and plans in 2018. Here are the most-read real estate stories of the year…
What can we expect in the next year? While we can never predict everything, we are keeping an eye on a number of projects and areas expected to make news in 2019.
The Historic District Commission has approved demolition of a 68-year-old building on West Elizabeth Street to make way for Chemical Bank’s new downtown Detroit headquarters high-rise. The commission approved the demolition of the 1950 building used most recently as the Elizabeth Street annex of the Grand Park Centre office tower across Grand Circus Park on Dec. 12 . It sits in the Grand Circus Park historic district.
Troy-based Kresge Foundation is donating $2.2 million to nonprofits and organizations in metro Detroit to help support early childhood centers in the city through a range of services that prioritize mental health, literacy and more.
A big piece of Capitol Park will be completed in 2019. The historic Farwell Building has been undergoing a renovation over the past couple years.
Welcome to the end of 2018. With just two weeks left to go in the year, we wanted to take a step back and look at the Detroit’s biggest real estate stories of the year. Each of these will provide plenty of cannon fodder for the year to come.