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 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
In a significant boost to Detroit's revitalization efforts, Mayor Mike Duggan, in collaboration with the Detroit Economic Growth Corporation (DEGC), has unveiled a $14.5 million funding initiative to support five neighborhood development projects across the city. This financial injection, obtained through the Revitalization and Placemaking (RAP) 2.0 program of the Michigan Economic Development Corporation (MEDC), marks a crucial step towards transforming blighted structures into vibrant community spaces.
A notable aspect of these endeavors is the active participation of African American… Detroit Mayor Duggan Secures $14.5 Million for Neighborhood Development Projects
In a significant move towards bolstering clean energy manufacturing, LuxWall, Inc., based in Ypsilanti, Michigan, has been selected to receive $31.7 million from the U.S. Department of Energy (DOE) to establish the country's first high-volume, automated vacuum insulated glass production plant in Southwest Detroit. The LuxWall project is part of a larger initiative, with seven companies nationally sharing $275 million from the DOE to fortify clean energy supply chains and stimulate domestic clean energy manufacturing, particularly in former coal communities.
The LuxWall facility, slated for… U.S. Department of Energy Invests $31.7 Million for Revolutionary Energy-Efficient Window Plant in Detroit
In a groundbreaking move towards a sustainable future, Detroit is set to become the first city in America to implement an electric road charging system (ERS). At the Resilience and Equity in Clean Energy 2023 (RECESS23) Conference, Mayor Duggan announced the ambitious project, emphasizing its uniqueness in comparison to traditional road constructions.
This innovative initiative was made possible by a partnership between the Michigan Department of Transportation and Electreon. The state is investing $1.9 million in this project, signaling a significant commitment to cleaner and more sustainable… Powering the Future: Detroit Paves the Way with Electric Road Charging System
Midtown Detroit welcomed a vibrant addition to its landscape with the grand opening of Six55 Detroit, a $10 million mixed-income housing development led by developer Richard Hosey. The 36-unit residential complex, strategically located at 655 W. Willis in the Willis Selden neighborhood, promises to enhance the area's vitality and provide diverse housing options.
Mayor Mike Duggan and city leaders joined the celebration, marking the culmination of efforts to transform a previously vacant, city-owned lot into a thriving community space. The development comprises nine studio apartments, 18 one-… Grand Opening: $10 million Housing Development in Midtown Detroit
