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!
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.
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.
Several large residential projects have cropped up recently on the outskirts of downtown as the city enjoys a wave of investment and improving reputation as a place to live. Long-neglected areas, such as Brush Park, are being transformed by flashy, high-end developments out of reach for the average resident.
Ford kicked off its four-year renovation project at the historic Michigan Central Station in Detroit last week, and the automaker also provided an update and a look inside at the work.
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.
The $135 million in general obligation bonds sold by the city of Detroit will pay for dozens of projects, ranging from new bulletproof vests for police and roof repairs at the Charles H. Wright Museum of African American History, to upgrades at parks and buying property for future economic development
Thanks to tightened inventory, housing prices have been on the rise across the country. In some states, prices are hitting levels not seen since before the financial crisis, according to a study from GOBankingRates
Holiday festivities in Detroit continue December 8, as Corktown lights up for a day full of activities. Corktown Aglow will have dozens of activities for families and visitors to choose from
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.