Detroit
REDICO/American House Break Ground on 84-Unit Senior Living Center
Real Estate Development and Investment Co. (REDICO) of Southfield, MI, and its affiliate American House Senior Living Communities are creating a senior living community in Grosse Pointe Farms, a suburban town located roughly 13 miles from Detroit.
Wayne State University’s Student Center Set for $18 Million Renovation
As the number of students who choose to live on campus grows larger, the Wayne State University Board of Governors approved a much-needed $18 million renovation for the existing Student Center.
$60 Million Residential and Retail Building Coming to Midtown Detroit
A 1.5-acre site in Detroit is set to be replaced by a much-needed $60 million mixed-use complex as part of Wayne State University’s “2020 Master Plan” that aims to revitalize the South University Village neighborhood.
Online Tech Adds New Data Center in Michigan
By Veronica Grecu, Associate Editor Online Tech, a multi-tenant data center operator headquartered in Ann Arbor, recently announced it will expand its presence in the Detroit Metro area by building a new, enterprise cloud hosting facility in Westland in Wayne County. The 34,000-square-foot building will be the company’s fourth data center in Michigan; Online Tech […]
State Signs 30-Year Lease for Belle Isle
Detroit’s historic Belle Isle, a 982-acre island park in the Detroit River, will be taken over by the state as the Michigan Emergency Loan Board approved a 30-year lease with two 15-year renewals with the city in a deal that would save Detroit up to $6 million in annual maintenance costs. As such Belle Isle will become Michigan’s 102nd state park.
Eastern Market Receives $750K Grant to Build 200-Seat Outdoor Gathering Place
DTE Energy Foundation, the charitable arm of DTE Energy, granted the Eastern Market Corporation $750,000 that will be used to create an outdoor social gathering area right outside the market’s sheds.
Texas Doctor Wins Bid for Packard Plant—But Will She Pay?
After an intense bidding war that amounted to 117 online bidders and last-minute skyrocketing amounts, the largest industrial ruin in Detroit was sold to a family practice doctor from suburban Dallas, for just above $6 million. It appears that Jill Van Horn of Ennis, Texas, who won the Wayne County tax-foreclosure auction for the abandoned Packard Plant, along with several still-to-be-identified investors from Detroit could breathe new life into the century-old crumbling plant.
Hyatt Place Announced for Royal Oak Redevelopment Project
Plans to redevelop a vacant lot that once served as the Jim Fresard Pontiac / Buick / GMC car dealership in Royal Oak are moving forward as the developer unveiled the last piece of the puzzle: an eight-story hotel under the Hyatt flagship.
Gilbert-Owned Companies Snag Two More Office Buildings, Invite Artists to Color Garage Building
Detroit’s filing for bankruptcy is not that big of an obstacle for Dan Gilbert, the second largest private real estate investor in Detroit after General Motors, who seems to be on the right track to control the entire downtown area.
“Magic” Johnson and Partners Get OK to Buy Michigan State Fairgrounds in $4.65 Million Deal
It’s been more than a year since Lansing native and basketball legend Earvin “Magic” Johnson unveiled an ambitious plan to completely redevelop the vacant Michigan State Fairgrounds at Woodward Avenue and 8 Mile Road and turn the 164-acre property into a mixed-use complex consisting of retail and office space, housing, recreational space and an Amtrak station.