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.
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
In a noteworthy collaboration with the City of Detroit, the Detroit Pistons have recently celebrated the completion of their 60th renovated neighborhood basketball court. This marks the culmination of six years of dedicated renovations, underscoring the franchise's unwavering commitment to the city's revitalization. It all began back in 2017 when Pistons owner Tom Gores took the initiative, sparking a $2.5 million investment project that coincided with the team's relocation to downtown Detroit.
Prior to this relocation, from 1989 to 2017, the Pistons had called The Palace of Auburn Hills home—… Tom Gores and the Detroit Pistons: Driving Detroit's Revitalization Through $2.5 Million Community Investment
The City of Detroit made a remarkable return to the bond market, securing over $3 billion from 67 different investors on July 13th. The funds raised significantly exceeded the requirements for its Proposal N plan, aimed at addressing vacant houses through renovation and demolition.
Originally, Proposal N had sought a total of $100 million for its comprehensive project. However, Detroit's financial resurgence, coupled with investor confidence, propelled the bond offering to an unprecedented level of success. The city priced $100 million in Unlimited Tax General Obligation Bonds, allocating $75… Detroit Returns to Bond Market, Attracts Over $3 Billion from Investors
A decade ago, Detroit faced one of the darkest periods in its history as it grappled with a staggering $18 billion debt, leading the city to file for bankruptcy and claim the unenviable title of the largest municipality to do so in the United States. However, the Motor City has made remarkable strides in the past ten years, witnessing a commendable rebound despite lingering obstacles in its path to recovery.
Moody's Investors Service has once again upgraded the City of Detroit's bond rating, bringing the city one step closer to achieving investment grade status, a milestone it has not reached… Detroit Inches Closer to Investment Grade Status
In a promising development for the East English Village community, construction has officially commenced on "The Ribbon," an innovative $8 million mixed-use affordable housing project. In a collaborative effort between LISC Detroit, Invest Detroit, and other key partners, the project is aimed at addressing the pressing need for affordable housing options in the area.
"The Ribbon" represents a significant step forward in revitalizing the East English Village neighborhood, which has long been seeking ways to enhance its residential and commercial offerings. The project's name, "The Ribbon,"… Construction Begins on $8M Mixed-Use Affordable Housing Project in East English Village
