Detroit
Old Fire Station in Downtown Detroit to Become The Foundation Hotel
The former Detroit Fire Department headquarters building located across from Cobo Center will no longer be an eyesore for the city thanks to a Chicago-based hotel group who wants to revive the historic fire station.
Meijer Officially Breaks Ground on Second Store in Detroit
The site of the former Redford High School located at the corner of Grand River Avenue and McNichols Roadis being redeveloped into a “supercenter” grocery store by Meijer Inc.
Developers Break Ground on 65,000 Sq. Ft. Retail and Restaurant Component at Northville Park Place
A groundbreaking ceremony held on June 25 at the corner of Haggerty and Seven Mile roads in Northville Township marked the beginning of construction of the second phase of a large retail, restaurant and mixed-use complex that’s taking shape on the site of the former State of Michigan Regional Psychiatric Hospital.
Bank of Ann Arbor Is Approved for $4.2 Million Expansion
The Ann Arbor city council unanimously approved a $4.2 million expansion project of the Bank of Ann Arbor Headquarters and Branch Office located at the northeast corner of South Fifth Avenue and East Washington Street.
A Wave of Shopping Centers Coming to Suburban Detroit in 2016
New England Development is set to create an open-air retail center in Romulus, a small-sized suburban city located 23 miles from Detroit and roughly half an hour from the Canadian border. Two other outlet malls are scheduled to open in the townships of Chesterfield and Canton in 2016.
Bedrock, Riverfront Holdings Grab More Real Estate in Downtown Detroit
Riverfront Holdings Inc., a subsidiary of General Motors, grabbed four properties near the Detroit riverfront area and east of the Renaissance Center, while Dan Gilbert added two buildings and a vacant parking lot to his 8.2-square-foot real estate empire.
Detroit Marriott Enters Last Chapter of Year-Long, $30 Million Renovation Process
The $30 renovation project that kicked off earlier this year at the 1,329-room Detroit Marriott at the Renaissance Center is moving forward with a complex makeover of the hotel’s meeting space.
JPMorgan Chase Makes $100M Commitment to Revitalize Detroit Communities
The city of Detroit just got a boost that will have an enduring impact. JPMorgan Chase & Co. has announced a $100 million, five-year commitment to bolster the economic recovery of the city, which, in 2013, became the largest city in U.S. history to file for bankruptcy.
Quicken Loans Starts Construction on 66,000 Sq. Ft. Technology/Data Center Outside Detroit’s CBD
The site of a former industrial building sitting at the corner of Rosa parks Boulevard and porter Street in the Corktown neighborhood of Detroit is being redeveloped into a new technology center by online mortgage lender Quicken Loans Inc. and its affiliate Bedrock Real Estate Services LLC.
Meridian Arranges $142M in Financing for 2 MSF Detroit-Area Office Complex
Meridian Capital Group has arranged a $142 million mortgage on behalf of 601 West Cos. for the latter’s purchase of Southfield Town Center in Southfield, Mich.