If you did a RiP Van Winkle for a few years or simply stayed away from the city, you might be shocked to see how many new, pricy restaurants have popped up in Detroit.
Real estate investing is one of the greatest wealth-building strategies of our time. However, it can get a little frustrating when it’s hard to find good deals in your market. Real estate markets have gotten very hot (i.e., competitive) in many areas. The media is just starting to catch up to how hot these markets are, and market forces have driven up prices while depleting the inventory for solid investment deals.
The new Fieldhouse opens as a recreation center for women’s, men’s, co-ed, and youth leagues. They’re also open to new ideas and partnerships with other groups. The Fieldhouse is at 3401 East Lafayette Street on the city’s east side.
More than three-quarters of Americans now view renting as more affordable than owning a home, the latest sign that rising mortgage rates and higher home prices will continue to pressure home sales. Some 78% of people now say that renting is more affordable than owning, according to survey data to be released Tuesday by mortgage company Freddie Mac, that is up 11 percentage points from only six months ago.
As Detroit’s national profile has risen, the number of people who have moved here from out of state has grown immensely. Whether artists, programmers, government employees, engineers, or another other profession, they usually come here for opportunity. But more often than not, they stay because they fall in love with Detroit.
Both Wallace and Currie are capitalizing on Detroit’s resurgence and its reputation as a city of makers, a city established as manufacturing epicenter in an era when where a product comes from can be more important than its quality. But both also think fostering in a new era of craftsmanship for guitars will boost the city’s worth as an instrument builder.
Tower Center mall, 15400 Grand River at the corner of Greenfield, will be the newest Michigan location for fast-growing discount retailer Forman Mills, which is preparing to open a roughly 45,000-square-foot store in a section of the mall that once housed Montgomery Ward.
Auto supplier Lear Corp. has sold a downtown Detroit building for $13.2 million that it bought three years ago for $5.9 million, city property records show.
In Detroit, the Ralph C. Wilson Jr. Centennial Park will be at the current site of West Riverfront Park, a 22-acre site along the Detroit Riverfront. The new park is part of the Detroit RiverFront Conservancy’s overall vision to develop five-and-a-half miles of riverfront from the Ambassador Bridge on the west to Gabriel Richard Park, just east of the MacArthur Bridge to Belle Isle.
The Church of Scientology began operations Monday at its new downtown Detroit location. Church staff arrived Monday morning to its newest center in Metro Detroit, located on Jefferson at Griswold in the former Standard Savings Building.