We believe that now is the time to Invest in Real Estate in Detroit, purchase properties at very low prices, and secure a monthly cashflow return and capital appreciation. Why do we believe in Detroit so much? It's the track record. No other city has seen the resurgence witnessed in the Motor City. We believe that there are truly unique real estate investment opportunities today.
The 2024 NFL Draft held in downtown Detroit was a record-shattering success. With over 700,000 fans in attendance throughout the event, Detroit surpassed the previous attendance record of 600,000 set by Nashville in 2019.
According to current projections from the economic consulting firm Anderson Economic Group LLC, the net impact of the NFL Draft on Detroit's economy is expected to exceed $165 million. As visitors immersed themselves in Detroit’s unique offerings over the NFL Draft weekend, expenditures by draft attendees alone made up a total of $37 million.
… Detroit's NFL Draft Success: Economic Implications and Beyond
East Jefferson Ave is home to Detroit's latest affordable housing development, a new 150-unit riverfront residential project. The commencement of the project marks $1 billion in affordable housing developments throughout the city since 2019. Made possible by city, state, federal, and private funding, the investments have been allocated to 71 affordable housing projects across Detroit.
On April 12th, Mayor Mike Duggan announced the East Jefferson Ave project from the construction site. Julie Schneider, director of the housing and revitalization department, highlighted the impact of these… Detroit Surpasses $1 Billion Milestone in Affordable Housing Investment
For the first time in 15 years, Detroit has achieved an investment grade credit rating from Moody’s Investors Service. After a decade-long journey of financial restructuring, this rating marks significant milestone in the city’s path to economic stability.
According to the Moody’s report, Detroit's credit rating has been upgraded to Baa2. This investment grade status is a substantial jump from its Caa3 rating in June 2013, just one month before the city filed for the largest municipal bankruptcy in U.S. history.
Following the unprecedented economic crisis, Detroit committed itself to… Detroit Achieves Investment Grade Rating, a Decade Post-Bankruptcy
The Detroit City Council has recently granted approval for the groundbreaking $3 billion Henry Ford Health Hospital expansion project. Spearheaded by Henry Ford Health, the Detroit Pistons, and Michigan State University, this ambitious initiative dubbed the "Future of Health" heralds a new era of growth and opportunity for the historic New Center district and the city's economy in general.
The comprehensive development blueprint comprises of several distinct projects: the expansion Henry Ford Hospital into a towering 21-story structure, new residential and commercial complexes, a state-of-the… $3 Billion Henry Ford Hospital Expansion Approved
The iconic Detroit skyline continues to evolve. Lately, new high-rise developments have added even more charm to the historic landscape. From an economic perspective, the transformation of the Detroit skyline is a symbol of progress, especially as it coincides with the city's revitalized housing market.
One of the most substantial recent additions to the Detroit Skyline is the Residences at Water Square, an all-glass residential tower built on the historic Joe Louis Arena Site. The recent unveiling of the stunning tower stands as a testament to Detroit's remarkable recovery since its… Detroit's Skyline Shines Bright with New High-Rise Developments
JPMorgan Chase's philanthropic contributions to the Detroit area, which total more than $200 million, have catalyzed substantial economic growth in the city. Recently, they closed on a $10 million low-cost loan for Invest Detroit, further cementing their influence on Detroit's revival.
Invest Detroit, a key player in Detroit's economic landscape, plays a pivotal role in bridging gaps in access to capital and promoting entrepreneurship. The nonprofit focuses on activating commercial corridors and supporting businesses led by people of color, and with JPMorgan Chase's latest investment, Invest… JPMorgan Chase Lends Another $10M to Invest Detroit
Detroit's real estate scene is buzzing with excitement as it experiences a remarkable upturn, even surpassing the Miami market to become the fastest-appreciating housing market in the United States. Recent reports from CoreLogic reveal an impressive 8.7% surge in Detroit home prices compared to last year.
According to a recent report from Redfin, the median sale price for Detroit homes is $80,000, which marks a 1.5% decrease from last year. The same report also indicates that Detroit homes are selling significantly faster. On average, Detroit homes spend 38 days on the market, as compared to… Detroit Surpasses Miami as the Nation's Fastest-Appreciating Housing Market
In a significant stride towards solidifying its status as a global leader in advanced manufacturing and clean energy, Detroit is gearing up to host the U.S. Advanced Manufacturing Center at 601 Piquette Avenue. This groundbreaking project, announced by Governor Gretchen Whitmer, marks a pivotal moment for the city's economic future.
The state is partnering with Fortescue, an international provider of zero emission resources for renewable energy production, to facilitate this strategic move. Fortescue has made an initial investment of $35 million to refurbish the existing facility and develop… Fortescue's $35 Million Investment in Detroit: U.S. Advanced Manufacturing Center Site Unveiled
