Home » Cities »  (Page 12)

Detroit


$1 Million Donation Breaks the Ice for ‘Leaders to Rebuild Detroit’

$1 Million Donation Breaks the Ice for ‘Leaders to Rebuild Detroit’

By Veronica Grecu, Associate Editor Seeing the success of the housing incentives launched last year—Live Downtown and Live Midtown—and the growing interest for recently opened Challenge Detroit, a new multi-million dollar initiative aiming at revitalizing the city was announced this week [...]…

Continue reading →

DMC Plans $50 Million Outpatient Facility in Royal Oak

DMC Plans $50 Million Outpatient Facility in Royal Oak

By Veronica Grecu, Associate Editor A new Detroit Medical Center (DMC) outpatient facility could soon replace a vacant plot in the south end part of Royal Oak, near Interstate 696 and Woodward. DMC and parent company Vanguard Health Systems Inc. want [...]…

Continue reading →

Vacant Sears Building in Pontiac Will Turn Residential

Vacant Sears Building in Pontiac Will Turn Residential

By Veronica Grecu, Associate Editor Work has begun on a mixed-use project that will replace Pontiac’s former Sears Department Store building with 46 loft rental units and retail space. Local development company West Construction Services will invest $19.8 million in renovating [...]…

Continue reading →

Cash Incentive Programs Continue to Lure Professionals to Detroit

Cash Incentive Programs Continue to Lure Professionals to Detroit

By Veronica Grecu, Associate Editor Live Midtown, a cash incentive program that encourages employees of Henry Ford Health System, the Detroit Medical Center and Wayne State University to buy or rent in Detroit, proved to be so popular that it will [...]…

Continue reading →

Private Partnership Brings New Life to Industrial Property in Corktown

Private Partnership Brings New Life to Industrial Property in Corktown

By Veronica Grecu, Associate Editor After spending $270,000 to purchase a Corktown industrial property in September last year, two ambitious investors decided to transform the building into creative office space. Native Detroiter Angel Gambino, a media and Web business development expert, and [...]…

Continue reading →

Eastern Market Redevelopment Starts with Shed 5

Eastern Market Redevelopment Starts with Shed 5

By Veronica Grecu, Associate Editor Work on a new redevelopment project in Detroit’s historic Eastern Market has begun with the renovation of Shed 5, the northernmost enclosed shed in the market and the core of the market. The $3.9 million upgrade [...]…

Continue reading →

Construction to Resume on Woodland Villas Condo Development

Construction to Resume on Woodland Villas Condo Development

By Veronica Grecu, Associate Editor According to Detroit Free Press, construction on Woodland Villas, a half-finished luxury condo development close to downtown Birmingham, will be resumed this spring. The housing project was originally developed by Ron Hughes, who managed to build [...]…

Continue reading →

Detroit Real Estate Improving, Says S&P/Case-Shiller Report

Detroit Real Estate Improving, Says S&P/Case-Shiller Report

By Veronica Grecu, Associate Editor A recent report published by S&P/Case-Shiller reveals that only two of 20 metropolitan regions in the United States posted annual home price increases. Those two regions are Washington, D.C., and, surprisingly, Detroit—a city whose economy and [...]…

Continue reading →

Wright-Kay Building Joins Dan Gilbert’s Portfolio; Aloft Boutique Hotel to Open in Detroit

Wright-Kay Building Joins Dan Gilbert’s Portfolio; Aloft Boutique Hotel to Open in Detroit

By Veronica Grecu, Associate Editor Bedrock Real Estate Service, one of Dan Gilbert’s companies, has just paid $575,000 for the vacant Wright-Kay Building, one of Detroit’s historic structures located at 1500 Woodward, reports The Detroit News. According to CBRE Inc. representatives [...]…

Continue reading →

Increase in Hotel Occupancy Strengthens Detroit’s Recovery Trend

Increase in Hotel Occupancy Strengthens Detroit’s Recovery Trend

By Veronica Grecu, Associate Editor Less than six months ago Detroit was facing such a dramatic population decline caused by a sluggish economy that local experts and city officials were forced to come up with a serious rescue plan. Things started [...]…

Continue reading →

Redeveloped Bell Building will Lose Iconic Yellow Pages Sign

Redeveloped Bell Building will Lose Iconic Yellow Pages Sign

By Veronica Grecu, Associate Editor As part of a redevelopment project that aims to transform the historic Michigan Bell Telephone Company building into shelters for homeless, the iconic Yellow Pages sign that has been hanging for almost 50 years from the [...]…

Continue reading →

Outdoor Exhibit Space Built on Vacant Lot

Outdoor Exhibit Space Built on Vacant Lot

By Veronica Grecu, Associate Editor Revitalization and redevelopment seem to be the magic words in Detroit! City officials, entrepreneurs, businessmen and residents alike are in a quest to regain Motown’s lost glory. Matthew Naimi, founder and director of operations of Recycle Here!, [...]…

Continue reading →