Detroit’s Metropolitan Building is Back After $33M Renovation

The Metropolitan Building in downtown Detroit, which was left to vandals’ graffiti and neglect nearly 40 years ago, reopened Monday when Mayor Mike Duggan flipped the lights back on during a ceremony to celebrate the building’s $33-million restoration…Continue Reading or Check Out Our Exclusive, Off-Market Real Estate Investing Opportunities! 

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Shinola Hotel’s Italian Anchor Restaurant Opens Tomorrow

Italian restaurant San Morello opens Tuesday on a prominent corner in downtown Detroit as part of the wide footprint of the new Shinola Hotel. San Morello is a 3,700-square-foot breakfast, lunch and dinner concept from the hospitality company managing the hotel’s food and beverage services. It anchors the hotel’s main red building that used to house Eastern Wig & Hair Co. LLC.

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$830M Monroe Blocks Project in Downtown Detroit Breaks Ground

Dan Gilbert has officially broken ground on a $830 million redevelopment of a 3.66-acre swath of downtown Detroit to the east of his Quicken Loans Inc. headquarters.

The project by his Detroit-based Bedrock LLC real estate development, management, leasing and ownership company is slated to feature a 35-story office tower and 482 residential units, including a 17-story residential tower, plus retail and other uses in a total of 1.4 million square feet across a series of buildings.

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Seven Detroit Neighborhoods to get $35M Boost for Development

Seven neighborhoods will get a $35 million boost from seven companies to help kickstart redevelopment in areas of the city that residents say are often neglected. Describing the effort as “historic commitments” to the neighborhoods, city officials announced Monday that the funding will be used to improve parks, streetscapes and commercial corridors as well as single-family and affordable housing over the next five years.

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Six Skills Real Estate Investors And Developers Should Focus On Mastering

Developing or investing in the real estate market can be financially rewarding. Yet, finding success in the market requires knowledge about the liabilities inherent with any real estate or property-specific work. There is perhaps no better way to gain the information you need than by speaking with those within your industry, particularly about the pain points and hazards buyers and sellers should strive to anticipate and avoid — and the skills needed to identify where trouble may lie.

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