Market Rate Housing - Detroit
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Adaptive Reuse Sparks Opportunity in Detroit
Developers and investors showed attendees at the 2018 ULI Spring Meeting how they are converting vacant or obsolete properties into new uses to spur further investment in the city.
04 May 2018 15:19 -
Andover Real Estate, M Group Pick Up MI Asset
The buyers financed the acquisition with a $16 million Fannie Mae Green Rewards loan originated by Hunt Mortgage Group.
03 April 2018 14:55 -
Historic Lafayette Park’s First Luxury Community in 40 Years
DuCharme Place is a $45 million multifamily project inspired by architect Mies' design of Lafayette Park, the historic district near which the community is situated. The 185-unit development was financed through a HUD loan, one of the only sources of financing for the few ground-up housing projects planned in Detroit
04 October 2017 15:21 -
Greystone Enters Michigan Market with New JV
The new joint venture with Commercial Property Advisors will focus on providing multifamily advisory services for clients in Michigan. Cary Belovicz will lead the new organization as an executive managing director.
21 July 2017 18:54 -
Greystone Provides $79M FHA Loan for Michigan Portfolio
The portfolio includes both market-rate and affordable housing communities that will be renovated using the funds. Most of the properties are owned by the Altman Cos.
05 July 2017 18:27 -
Midtown Detroit Gets New Mixed-Income Community
Nonprofits Develop Detroit and Preservation of Affordable Housing partnered for the $32 million development that will also include retail space. Project design will be led by Phil Freelon, design director at Perkins+Will.
26 June 2017 16:59 -
Friedman Sells 58-Unit Detroit Community
9501 Iris Manor LLC purchased Iris Manor from Thornton Enterprise LLC. The three-story property features one- and two-bedroom units and is close to Wayne State University and the University of Michigan-Dearborn.
07 April 2017 18:05 -
248-Unit Community Breaks Ground in Grand Rapids
Springs at Knapp’s Crossing is located along a retail corridor.
20 March 2017 18:16 -
City of Detroit Invests $1.6M in Revitalization of Four Neighborhoods
The planning and design contracts refer to housing, reimagining open land, leveraging economic development and more.
09 December 2016 14:46 -
Hunt Mortgage Group Secures Refi for Michigan Community
The 30-year loan includes a five-year interest-only with a 30 year amortization period.
23 November 2016 09:28 -
218 Micro-Lofts Coming to Downtown Detroit
The 28 Grand mixed-use development is scheduled for completion in the summer of 2017.
14 November 2016 12:21 -
Develop Detroit Launches First Communities
The non-profit development firm has acquired two multifamily buildings in Detroit’s New Center area, which it plans to renovate and expand.
30 September 2016 16:44 -
City of Detroit Replaces Wigle Rec Center with Residential Units
The redevelopment of two key city-owned parcels will bring 200 new residential units to Midtown Detroit, including affordable apartments.
29 September 2016 12:43 -
Developer Adds Housing near Grand Rapids’ Medical Mile
A local developer is about to break ground on a new mixed-use building in Grand Rapids.
23 November 2015 22:01 -
Detroit’s New Center Beefs Up its Housing
A long-vacant building connected to the Hotel St. Regis in Detroit’s New Center neighborhood is back in business as workforce housing.
16 November 2015 14:46