Catering to the 55-and-up market, the Verandas project in Sterling Heights, Mich., will incorporate the redesigned Maple Lane Golf Club.
The redevelopment of two key city-owned parcels will bring 200 new residential units to Midtown Detroit, including affordable apartments.
The program aimed at reviving the city’s neighborhoods translates into an average of 75 houses demolished each week.
The New York-based company teamed up with Greystone and Freddie Mac for the loans.
The Fitzgerald Revitalization Project focuses on 100 vacant buildings and 257 empty lots that will be converted to productive landscapes.
Executives of a new nonprofit discuss their innovative strategy for brightening the city’s residential picture.
The New York-based real estate investor paid roughly $143,000 for each of the 557 luxury residential units.