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MGM Grand Detroit Casino to Be Redeveloped as Detroit Public Safety Headquarters

MGM Grand Detroit Casino to Be Redeveloped as Detroit Public Safety Headquarters

By Veronica Grecu, Associate Editor During an official ceremony held last week at the former MGM Grand Detroit Casino building, Mayor Dave Bing and Police Chief Ralph Godbee broke ground on the new public safety headquarters for Detroit’s police and fire departments. Built by Las Vegas-based MGM MIRAGE and local…

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Maxitrol Announces $3 Million Expansion Plans

Maxitrol Announces $3 Million Expansion Plans

By Veronica Grecu, Associate Editor Maxitrol, a Southfield, MI-based manufacturer of natural gas control systems, announced plans to renovate and expand its corporate headquarters at 23555 Telegraph Road, where the company has 55 employees. Currently, Maxitrol occupies an eight-plus acre site that includes the company’s Administrative, Sales, Customer Service, Tooling…

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Henry Ford Moves Forward with 300-Acre Expansion in New Center Area

Henry Ford Moves Forward with 300-Acre Expansion in New Center Area

By Veronica Grecu, Associate Editor Henry Ford Health System plans to expand with a new medical facility in the New Center area of Detroit. According to The Detroit News, this project is part of an older initiative that the hospital officials announced two years ago, which called for a multi-million dollar…

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New Upscale Retirement Village Coming to Grosse Pointe Woods

New Upscale Retirement Village Coming to Grosse Pointe Woods

By Veronica Grecu, Associate Editor Work on The Rivers of Grosse Pointe Continuing Care Retirement Community (CCRC) could begin in a few weeks on the site that once housed the Children’s Home of Detroit. According to Patch.com, the project, which is being developed by the owners of Riverview Health and…

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Iconic Penobscot Building Sold to Canada’s Triple Properties

Iconic Penobscot Building Sold to Canada’s Triple Properties

The foreclosed Penobscot Building located in the heart of Detroit’s Financial District was sold for an estimated price of approximately $5 million to Triple Properties, a Canada-based real estate investment company that also owns the Silverdome in Pontiac. The 47-story Art Deco building was designed by architect Wirt C. Rowland…

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Detroit Recovery Continues with Approval of Four New Projects

Detroit Recovery Continues with Approval of Four New Projects

Over the last months Detroit’s recovery effort has become more visible and the four renovation and redevelopment projects approved at the end of April show that the City is not that far from becoming the hot spot for investments.…

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Old Garden Theater Brought to Life by $12M Redevelopment Project

Old Garden Theater Brought to Life by $12M Redevelopment Project

One of Detroit’s first neighborhood theaters, the historic Garden Theater built in 1912 by famed architect C. Howard Crane, has embarked on a multi-million redevelopment program, reports The Huffington Post.…

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Wayne State University to Build $93 Million Biomedical Research Center

Wayne State University to Build $93 Million Biomedical Research Center

Wayne State University (WSU) is about to break ground on one of the largest development projects in its almost 150-year history. The university plans to create a 200,000-square-foot biomedical research center in Midtown Detroit and, in order to complete the project, hopes to attract a $30 million grant from the…

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Twitter Opens Small Office in Detroit’s Tech Corridor

Twitter Opens Small Office in Detroit’s Tech Corridor

Lured by the proximity to car companies and their generous advertising budgets, social media giant Twitter has decided to open a small-sized office in Detroit. The San Francisco-based tech company has selected the historic M@dison Building, a former theater now owned by Rock Ventures LLC, one of the real estate…

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Foreclosed Hotel Pontchartrain Has New Owner

Foreclosed Hotel Pontchartrain Has New Owner

By Veronica Grecu, Associate Editor Gabriel Ruiz, a Mexico-based developer and hotel investor, has purchased the Pontchartrain Hotel located at 2 Washington Blvd., across the street from Cobo Center and 150 West Jefferson. Though the sale price is still unknown, an [...]…

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Former Sears Building to Change Hands; Renovation of Belle Isle Maintenance Building Nears Completion

Former Sears Building to Change Hands; Renovation of Belle Isle Maintenance Building Nears Completion

By Veronica Grecu, Associate Editor After more than a year of negotiations with Michael Bozenski and Gary Lamb, the owners of the former Sears building, the Wyandotte Downtown Development Authority (DDA) will purchase the long-vacant structure for $500,000, reports The News-Herald. The [...]…

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LEED-Certified Fairlane Green Changes Hands for $47 M

LEED-Certified Fairlane Green Changes Hands for $47 M

By Veronica Grecu, Associate Editor Phoenix, AZ-based Cole Real Estate Investments recently paid $47 million for a 270,000-square-foot retail power center located in a historically strong corridor in Allen Park, south of Detroit. Opened in 2005, the retail center is almost [...]…

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