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.
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
Detroit, known for its rich history and vibrant culture, reached a long-anticipated milestone with the grand opening of the Uniroyal Promenade in October. This half-mile stretch along the renowned Detroit RiverWalk completes a 3.5-mile-long project, the latest jewel in the crown of the best riverwalk in America.
The Uniroyal Promenade, occupying 42 acres of land, replaces the once-empty and polluted site of the Uniroyal plant. Stretching from Mount Elliott Park to Gabriel Richard Park, the Uniroyal Promenade now connects seamlessly to Belle Isle, just east of the iconic MacArthur Bridge. This… $11 million Detroit RiverWalk Extension Complete
The historically underserved Warren/Cadieux area is undergoing over $35 million in new developments. In an inspiring endeavor to breathe life into this east-side Detroit neighborhood, these developments signify a long-anticipated, pivotal moment in the neighborhood's history. Currently, renovations have begun on eight significant buildings on East Warren, including Morningside Cafe, Next Chapter Books, The Ribbon Apartments, and East Warren Farmers Market, among others. Let's delve deeper into the core aspects of this remarkable transformation.
A significant portion of the funding, $21 million… Revitalizing Detroit's East Warren/Cadieux Neighborhood: A $35 Million Transformation
In a monumental display of commitment to the city of Detroit and the fight against neurofibromatosis, Dan and Jennifer Gilbert have pledged a transformative $375 million investment. The Gilberts, well-known philanthropists in the Detroit community, are once again making headlines for their dedication to improving healthcare access and outcomes, along with their recent efforts to combat neurofibromatosis.
This substantial investment will be strategically allocated across various healthcare initiatives and institutions in Detroit, leaving a profound impact on the city's medical landscape. Dan… Gilbert Family Foundation Contributes $375 Million to Detroit Healthcare Initiatives
Detroit, the Motor City, is a place known for its resilience, and one financial institution has been an integral part of its story for nearly a century. JPMorgan Chase recently celebrated a remarkable milestone—90 years of active presence in Detroit. Beyond longevity, the bank has played a pivotal role in the city's revival, marking a decade of its $200 million investment in the city that continues to make a profound impact.
Over the years, JPMorgan Chase's journey in Detroit has evolved from a local bank to a global financial powerhouse. Yet, it has never lost sight of its commitment to the… JPMorgan Chase Celebrates 10 Years of $200 Million Investment in Detroit
