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 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
The city of Detroit is set to witness a remarkable boost in STEM education, thanks to the Michigan Science Center's recent acquisition of an $800,000 grant from NASA. With this significant investment, the Michigan Science Center (MiSci) is poised to become a leading force in inspiring Detroit's youth and enabling the development and implementation of dynamic STEM programs, empowering students throughout the city to explore and excel in these critical fields.
Once known as the Detroit Science Center, the Michigan Science Center holds more than 250,000 visitors every year, and fosters an… Michigan Science Center Receives $800k NASA Grant to Foster STEM Programs in Detroit
Amidst economic uncertainties and fluctuating housing markets, Detroit's real estate sector has emerged as a beacon of resilience and growth. A recent report from Detroit Future City, which involved a detailed analysis of Wayne County deed recordings related to home sale transactions from 2012-13 to 2020-21, sheds light on the remarkable progress in Detroit's housing market.
According to the report, at least ten Detroit neighborhoods saw between 169%-450% increases in home sales. This renewed momentum has attracted attention from both local and out-of-state buyers, fostering an atmosphere of… Detroit's Housing Market Shows Resilience, Positive Growth, and Promising Neighborhood Increases
Detroit, renowned for its rich history and vibrant cultural scene, is set to welcome a new addition to its growing hospitality sector. Construction has begun on the first AC Hotel in southeast Michigan at the esteemed Bonstelle Theatre site. The joint business venture between Walter Cohen, a seasoned developer, and Detroit-based real estate firm Roxbury Group marks a significant step forward in Detroit's ongoing investment and revitalization efforts.
The developers of this $49 million project envision a fusion of modern luxury with elements of Detroit's rich architectural heritage, as the… Construction Underway for $49 million AC Hotel, Boosting Detroit's Hospitality Landscape
In a groundbreaking move, Michigan State University (MSU) has made headlines by acquiring a majority stake in a prominent Detroit landmark, the 95-year-old Fisher Building. As one of the most recognizable buildings on the Detroit skyline, the revitalization of the Fisher Building is a significant milestone for the city's ongoing renaissance. The recent decision by MSU's endowment to invest $21 million in the revitalization of this iconic landmark carries immense implications for both the university and the broader Detroit community.
As the city continues to experience remarkable revival in… Michigan State University Endowment Acquires Majority Stake in Detroit Landmark with a $22 Million Investment
