Detroit
Detroit Becomes One of Google’s Seven Tech Hubs in North America
Internet giant Google launched last week a new network for tech startups that’s part of the company’s “Google for Entrepreneurs”, a two-year initiative currently operating in more than 100 countries that helps foster entrepreneurship and add new jobs in communities from all over the world.
University of Michigan Expands with $185 Million Student Residence in Ann Arbor
Backed by two historic donations coming from two prominent alumni—Charles Munger and Stephen Ross— the University of Michigan (U-M) has embarked on a veritable building spree. The university’s Board of Regents recently approved the design plans for a new apartment-style residence hall located at its Ann Arbor campus at the intersection of South Division and Packard Streets.
Hollywood-like Entertainment and Retail Complex to Replace The Met Hotel in Troy
Met Hotel Partners LLC, a subsidiary of Laguna Beach, CA-based New California Hotel Corporation and owner of the former Northfield Hilton Hotel in Troy, and Park Avenue Investments LLC are planning to bring a taste of sunny California in a suburb located just a half-hour’s drive north of Detroit.
Moceri to Break Ground on $46 Million Residential Complex in Auburn Hills
A 21.5-acre city-owned property that has been sitting vacant for the past ten years will be turned into a $46 million residential development.
Connected Vehicle Research Center Planned on Old GM Industrial Site
The RACER Trust, Devon Industrial Group and Walbridge Development are teaming up to transform the former Willow Run Powertrain plant in Ypsilanti Township, Mich., into a technologically advanced connected vehicle research center.
Related’s Stephen Ross Pledges $200 Million to University of Michigan
Stephen Ross, the founder and chairman of real estate development firm Related Companies and owner of the Miami Dolphins, made a historic $200 million donation to the University of Michigan—the largest single gift the university received since it was established in 1817.
Detroit Historical Museum and MOCAD Plan Exhibits Designed Evoke Detroit’s Spirit
Detroit may be facing its own financial crisis but this doesn’t mean Detroiters are giving up on their city. On the contrary, local companies and cultural institutions are asking for their help and engagement in various projects that are meant to bring back Motor City’s lost greatness.
Three Detroit-area Companies Receive MEDC Incentives, Expected to Invest $10.8 Million in the Region
he Michigan Economic Development Company (MEDC) announced last week that it has awarded $1.06 million in Business Development and Community Revitalization program incentives to three Detroit-area companies that plan to expand in the Southeast Michigan.
The Pontch Reopens as New Crowne Plaza Hotel
It’s been more than one year since Gabriel Ruiz, a developer and hotel investor based in Mexico, purchased Detroit’s historic Pontchartrain Hotel, affectionately referred to as “The Pontch” by Detroiters. Located at 2 Washington Boulevard on the former Fort Pontchartrain site—Detroit’s first permanent European settlement built in 1701—and across from the Cobo Center, the 25-story building designed in 1965 by King + Lewis Architects last operated as the Detroit Riverside Hotel.
McCormack Baron Salazar Plans $60M Mixed Use Project on Detroit’s East Riverfront
McCormack Baron Salazar, a St. Louis-based developer specialized in urban market revitalization, plans to add almost 300 rental units and small-scale retail space on Detroit’s east riverfront, along Atwater and Franklin streets.