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.
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
The 7.2 square mile area known as “Greater Downtown” witnessed a boom of new business in 2016, primarily bars and restaurants, according to the Detroit News. This represents significant confidence in Downtown Detroit and its surrounding neighborhoods by developers and residents alike. Among the highlights of these new developments is the new Little Caesars arena which will serve as home to the Detroit Red Wings and Pistons. The massive project which is slated to cost around $400M is expected to bring a significant economic boost to downtown Detroit.
Housing… Detroit's Business Boom
CNN Money says that “Real estate investors are flocking to the city,” and it is for a good reason too! Research has shown that Detroit and its metropolitan area has the best return on investment in nearly 1600 counties. Detroit Real Estate has been very lucrative for many investors.
Investors who buy homes in the Detroit metro area can expect a 30% annual return from rents, according to RealtyTrac.
During the week of June 23rd, 2014, Michigan Governor Rick Snyder signed a series of bills that vouches $195 million to Detroit. This large amount of money will be a great contribution to getting the city out of bankruptcy. The bill was signed at the 122-year-old Detroit's Globe Trading Co. building that was once an auto manufacturing facility.
There are plans to revitalize the Globe Trading Co. building, which has been vacant for 20 years. After a $12.8 million investment from the State of Michigan, the building was converted into a the riverside park's recreation center (William G.… Detroit Gets ~$200 Million from State of Michigan
