Detroit
Sad but True: Detroit’s Historic Packard Plant Could Be Demolished
By Veronica Grecu, Associate Editor
The Packard Automotive Plant, Detroit’s former high-end automobile manufacturing company and currently a symbol of the city’s decay, could be demolished in less than a month, if the plant’s owner and city officials come to an […]
$1 Million Donation Breaks the Ice for ‘Leaders to Rebuild Detroit’
By Veronica Grecu, Associate Editor
Seeing the success of the housing incentives launched last year—Live Downtown and Live Midtown—and the growing interest for recently opened Challenge Detroit, a new multi-million dollar initiative aiming at revitalizing the city was announced this week […]
DMC Plans $50 Million Outpatient Facility in Royal Oak
By Veronica Grecu, Associate Editor
A new Detroit Medical Center (DMC) outpatient facility could soon replace a vacant plot in the south end part of Royal Oak, near Interstate 696 and Woodward. DMC and parent company Vanguard Health Systems Inc. want […]
Vacant Sears Building in Pontiac Will Turn Residential
By Veronica Grecu, Associate Editor
Work has begun on a mixed-use project that will replace Pontiac’s former Sears Department Store building with 46 loft rental units and retail space. Local development company West Construction Services will invest $19.8 million in renovating […]
Cash Incentive Programs Continue to Lure Professionals to Detroit
By Veronica Grecu, Associate Editor
Live Midtown, a cash incentive program that encourages employees of Henry Ford Health System, the Detroit Medical Center and Wayne State University to buy or rent in Detroit, proved to be so popular that it will […]
Private Partnership Brings New Life to Industrial Property in Corktown
By Veronica Grecu, Associate Editor
After spending $270,000 to purchase a Corktown industrial property in September last year, two ambitious investors decided to transform the building into creative office space.
Native Detroiter Angel Gambino, a media and Web business development expert, and […]
Eastern Market Redevelopment Starts with Shed 5
By Veronica Grecu, Associate Editor
Work on a new redevelopment project in Detroit’s historic Eastern Market has begun with the renovation of Shed 5, the northernmost enclosed shed in the market and the core of the market. The $3.9 million upgrade […]
Construction to Resume on Woodland Villas Condo Development
By Veronica Grecu, Associate Editor
According to Detroit Free Press, construction on Woodland Villas, a half-finished luxury condo development close to downtown Birmingham, will be resumed this spring. The housing project was originally developed by Ron Hughes, who managed to build […]
Detroit Real Estate Improving, Says S&P/Case-Shiller Report
By Veronica Grecu, Associate Editor
A recent report published by S&P/Case-Shiller reveals that only two of 20 metropolitan regions in the United States posted annual home price increases. Those two regions are Washington, D.C., and, surprisingly, Detroit—a city whose economy and […]
Wright-Kay Building Joins Dan Gilbert’s Portfolio; Aloft Boutique Hotel to Open in Detroit
By Veronica Grecu, Associate Editor
Bedrock Real Estate Service, one of Dan Gilbert’s companies, has just paid $575,000 for the vacant Wright-Kay Building, one of Detroit’s historic structures located at 1500 Woodward, reports The Detroit News. According to CBRE Inc. representatives […]