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 City of Detroit has become the top destination for investors from around the world. Detroit's appeal is simple: beautiful properties at prices not found anywhere else in the country. Neighborhoods like Bagley, Grandmont, and Aviation Subdivision have become popular destinations for investors to snap up properties. However, many investors and even some native Metro Detroiters are unaware of the really upscale areas of the City where properties sell for hundreds of thousands of dollars. On the northwest side, Sherwood Forest and Palmer Woods are two examples of Detroit's pricier neighborhoods. On… 9 Bedroom Home Goes Up For Sale in Detroit's Historic Indian Village
If you grew up in Detroit, you either remember the iconic Hudson's Department Store downtown, or you've heard the stories. Once one of the largest department stores in the world, it was demolished in the late 90's and the space has sat vacant for almost two decades. The massive vacancy in the heart of downtown may now be home to the tallest building in the state of Michigan, eclipsing the Renaissance Center. Dan Gilbert's Rock Ventures unveiled plans for the new project, which features a stunning 734 foot tower.
But exactly how will the massive project be built? The logistics of building… How will Detroit's largest Skyscraper be built by 2020?
It's no secret that downtown Detroit is now home to some of the largest development projects in the Midwest. However one question has been on the mind of Detroiters for several years now: When will this development spill into the neighborhoods outside of greater downtown? One of the long neglected areas of the city is the near east side, home to neighborhoods like Islandview. The area is full of potential, located near the riverfront and just a short drive from the city's center.
The long vacant St. Charles Borromeo school, shuttered in the late 90's, is among the derelict buildings slated… Developers Plan Residential Projects on Near East Side
Foreign investors continue to invest in downtown Detroit. This time, a German development group snatched up 4 buildings near Second Avenue and York Street. The Munich based firm plans to develop a 60 unit multifamily development, as demand for housing continues to rise in the Greater Downtown area.
This isn't the first time the firm, Optima Aegidius, purchased a historic Detroit building. According to Crain's Detroit Business, the group… German Developers Pick up Prime Detroit Real Estate
Comerica is a name very familiar to Michiganders, the Michigan based bank has several locations throughout the Metro area. Of course it is also the namesake of the Detroit Tigers home stadium, the beautiful Comerica Park. Now the company is doubling down in Detroit, announcing a $3M investment and a commitment to reshape its presence in the City. The Detroit Free Press reports that the bank is looking to open new offices and will be working with Henry Ford Health System to open a new cancer center.
The bank also plans on opening a banking center in the… Comerica Bank Set to Make $3M investment and Reshape Its Presence in Detroit
As an excellent sign of Detroit real estate investing, the 121-year-old building at 6568 Woodward Ave will undergo a $7.5 million redevelopment process, according to Midtown Detroit, Inc, a non-profit planning and development agency. It will be rebranded to Woodward Grant building.
Midtown Detroit Inc. says that the Woodward Grand will have 10,000 square feet each of retail and office space. It will house the Grosse Pointe Farms-based Ralph C. Wilson Jr. Foundation's new headquarters, a corner restaurant called Wilda's Café, 10,000 square feet each. The three story building… Redevelopment project coming to Detroit’s New Center-area
A testament to the durability of Detroit’s architecture, the 100 year old Himelhoch Building will be getting a major facelift. The beautiful building located in the heart of downtown Detroit on Woodward avenue will be fully rehabbed to feature 36 market rate apartments and 36 low income senior housing units. Crains Detroit reports that American Community Developers is close to acquiring the building and will… Historic Detroit Landmark Buildings Renovated for Low Income Housing
The Wayne County Jail Site has been an eyesore in the Greektown district for over 2 years now. The site, originally slated to be the new of a new county jail, has been stalled for years now. However, local billionaires joined forces last year to announce they would be making a serious effort to acquire the site from the County to build a major stadium, even bigger than the Little Caesars arena being completed in Downtown. Tom Gores and Dan Gilbert are no strangers to the sports arena business. Gores is the owner of the Detroit Pistons and their current home, the Palace of Auburn… Detroit Billionaires Gores and Gilbert Have until February 10 th to Submit Plans for New Stadium
