{"id":1004051511,"date":"2012-06-14T05:32:27","date_gmt":"2012-06-14T13:32:27","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=52357"},"modified":"2020-04-09T05:13:22","modified_gmt":"2020-04-09T13:13:22","slug":"renovation-spree-hits-detroit-area-masonic-and-hindu-temples","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/renovation-spree-hits-detroit-area-masonic-and-hindu-temples\/","title":{"rendered":"Renovation Spree Hits Detroit Area Masonic and Hindu Temples"},"content":{"rendered":"<p style=\"text-align: justify;\">By Veronica Grecu, Associate Editor<\/p>\n<p style=\"text-align: justify;\">The Detroit Masonic Temple in the lower Midtown area and several blighted properties in the surrounding area could embark on a $38 million renovation project. According to <em>The Detroit News<\/em>, a team of state and local brokers is currently establishing the financial aspects of the investment, which could get the green light by the end of 2012.<a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/06\/detroit-masonic-temple.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-52358\" title=\"detroit masonic temple\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/06\/detroit-masonic-temple.jpg\" alt=\"\" width=\"211\" height=\"300\" \/><\/a><\/p>\n<p style=\"text-align: justify;\">Despite the dense cloud of secrecy that surrounds the deal, it appears that the world\u2019s largest masonic temple could get a new $9.3 million parking garage, while nearly $10 million could be invested in interior upgrades and outdoor public lighting and improvements to Cass Park. As for funding for such an investment, the <em>News<\/em> bets on a combination of tax credits, state grants and loans, and a $20 million gift from a private investor\u2014we couldn\u2019t help noticing that <em>Curbed Detroit<\/em> bets on Dan Gilbert or the Ilitch family, the city\u2019s real estate tycoons.<\/p>\n<p style=\"text-align: justify;\">Another major project that caught our attention is the seven-year-long renovation and expansion of the Bharatiya Hindu Temple at 6850 N. Adams Road in Troy, one of Detroit\u2019s northern suburbs. As reported by the <em>News<\/em>, the temple was expanded from nearly 30,000 square feet to 70,000 square feet of space serving around 800 Hindu families who gather here to worship.<\/p>\n<p style=\"text-align: justify;\">The temple\u2019s centerpiece is a 10,000-square-foot prayer hall where the five-day inaugural ceremonies will take place. The upgraded facility also features a 7,500-square-foot banquet room and seven marble mini-temples that were built in Ahemadabad, India, and then shipped to the U.S. where they were assembled by local masons over the course of more than one year.<\/p>\n<p style=\"text-align: justify;\"><strong><a href=\"https:\/\/www.multihousingnews.com\/news\/market-snapshot-as-auto-industry-bounces-back-detroit-sees-sharp-increase-in-multifamily-rentals\/1004049836.html\" target=\"_blank\" rel=\"nofollow\">Click here<\/a><\/strong> for more Detroit market data.<\/p>\n<p style=\"text-align: justify;\"><em>Image courtesy of Wikipedia author\u00a0Einar Einarsson Kvaran<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Veronica Grecu, Associate Editor The Detroit Masonic Temple in the lower Midtown area and several blighted properties in the surrounding area could embark on a $38 million renovation project. According to The Detroit News, a team of state and local brokers is currently establishing the financial aspects of the investment, which could get the [&#8230;]<\/p>\n","protected":false},"author":1269,"featured_media":1004507393,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1495,21782,21751,21752,21742,21785],"tags":[],"class_list":["post-1004051511","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-detroit","category-development","category-hotel","category-mixed-use","category-latest","category-property-management"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Renovation Spree Hits Detroit Area Masonic and Hindu Temples - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/renovation-spree-hits-detroit-area-masonic-and-hindu-temples\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Renovation Spree Hits Detroit Area Masonic and Hindu Temples\" \/>\n<meta property=\"og:description\" content=\"By Veronica Grecu, Associate Editor The Detroit Masonic Temple in the lower Midtown area and several blighted properties in the surrounding area could embark on a $38 million renovation project. 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