Detroit
Whitney Building Redevelopment Plan Backed by $8.5 Million State Financing
The plan to transform Detroit’s historic David Whitney Building into retail, apartments and boutique hotel is moving forward with $8.5 million in state financing that adds to the $82.5 million investment announced by developer David Di Rita at the end of 2012.
Quicken Loans Affiliate to Acquire Greektown Casino-Hotel
After having invested almost $1 billion in 15 prominent office buildings totaling almost 2.6 million square feet of space on downtown Woodward Avenue corridor in the last few years, Quicken Loans founder Dan Gilbert is now placing his bets on the Greektown Casino-Hotel located within the area.
‘Detroit Future City’ 50-Year Strategic Plan Unveiled
By Veronica Grecu, Associate Editor In an ambitious effort to bring back Detroit’s lost glory and after two years of community surveys that involved around 150,000 Detroiters, Mayor Dave Bing has released a comprehensive document that will serve as a strategic revitalization plan for the financially troubled city. The document dubbed Detroit Future City is […]
Developer Breathes New Life into Former Psychiatric Hospital in Northville
By Veronica Grecu, Associate Editor Preliminary work is underway at Seven Mile and Haggerty roads, where the state-owned Northville Regional Psychiatric Hospital operated until 2003. As reported by The Detroit News, the site is being cleared for construction, while developer REIS-Northville LLC—a joint venture between REI Investment Group of Bloomfield Hills and Livonia-based Schostak Brothers […]
Five Downtown Detroit Buildings Add to Dan Gilbert’s Real Estate Portfolio
Two weeks after completing the purchase of One Woodward Building – a 26-story Class A office tower at the corner of Woodward and Jefferson avenues in downtown Detroit – Dan Gilbert’s Rock Ventures announced five additional acquisitions that were brokered by the company’s real estate arm, Bedrock Real Estate Services.
400 Main LLC Unveils Plans for New Hotel, Office Buildings in Royal Oak
A group of real estate developers known as 400 Main LLC is seeking approval for a multi-building redevelopment project that would breathe new life into a vacant property in Royal Oak that used to house a Fresard car dealership.
Dan Gilbert’s Investment Spree Continues with One Woodward Building
nother iconic downtown Detroit building changed hands this week. Much to no one’s surprise, local real estate tycoon Dan Gilbert and his partners completed the purchase of the historic One Woodward tower, located at the corner of Woodward and Jefferson avenues.
U-M to Add More Biotech Research Space at Ann Arbor Site
The University of Michigan (U-M) Board of Regents recently approved a $17.5 million expansion project that would add more research space to its North Campus Research Complex (NCRC) which is located at 2800 Plymouth Road in Ann Arbor.
Detroit Developer to Repurpose Shipping Containers into Energy Efficient Condominiums
Three Squared Inc., a local real estate developer specializing in cargo-based construction, will soon break ground on one of the most innovative multifamily projects in Detroit: a four-story condominium complex built entirely from empty shipping containers.
Former Lincoln Park Adult Movie Theater Goes Residential
Wayne Metropolitan Community Action Agency (WMCAA), a non-profit organization that provides youth and family services and homeless prevention programs to low- and moderate-income individuals and families in Wayne County, is breaking ground this month on a new mixed-use development that would replace the once famous Park Theater in the City of Lincoln Park.