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.
For better or worse, Detroit's economy has always been tied to the auto industry. The "Big 3" automakers (Ford, GM, Fiat-Chrysler) still employ tens of thousands of workers in and around the Motor City. The decline of manufacturing reached its low point in 2008 when the automakers were essentially bailed out by the federal government. Shortly thereafter the unemployment rate within the city of Detroit reached 29% according to some estimates. In recent years however, the titans of Detroit's auto industry have fared much better, having some of their most profitable years on record.
Last week… FCA to Create 6,500 Jobs as Part of a $4.5 Billion Investment in Detroit
With news of GM closing the historic Detroit-Hamtramck assembly plant, many are wondering how this will effect the city’s resurgence. According to the Associated Press, news of the plant closing will have a minimal effect on the city’s overall economy. Experts believe Detroit’s economy is shifting away from manufacturing in favor of the medical and technology industries. Layoffs like the one announced by General Motors will have much less of an effect than previous layoffs because much of the money saved by the auto giant… Detroit’s Economy Becoming More Diverse
Detroit mayor Mike Duggan announced a major investment in Detroit's neighborhoods earlier this month. The leaders of 7 companies joined the mayor during his announcement, representing: Huntington Bank, Chemical Bank, Fifth Third Bank, Flagstar Bank, Penske Corporation, and Blue Cross Blue Shield of Michigan. Each company announced they would be investing $5 million in 7 neighborhoods on both sides of the city. According to Fox 2 Detroit: the neighborhoods are: Grand… 7 Companies Investing $35 million in Detroit Neighborhoods
Ford sent shockwaves through the city when it announced it would be purchasing the iconic Michigan Central Station in Detroit's corktown neighborhood. The long vacant building became a symbol of Detroit's urban decay. However as Corktown became an increasingly popular neighborhood in recent years, it became inevitable that the building would eventually be sold to a developer. Only a buyer with seriously deep pockets could bring new life to the crumbling building. That's when Ford stepped in and announced its ambitious plans to build a state of the art 1.2 million square ft campus on the historic… Ford's New Detroit Campus to Cost $740 Mil, Create 2k Jobs
In the wake of Detroit's bankruptcy 5 years ago, JP Morgan CEO Jamie Dimon took a big gamble on Detroit. The head of the nation's largest bank decided to invest more than $100Mil in the city which was ravaged by the global financial crisis as well as years of mismanagement at the city and state level. Fast forward to 2018, where the investment was so successful Chase has decided to invest another $500Mil as part of its AdvancingCities Initiative. In the cash strapped city, the city government was… JP Morgan Chase: Investment In Detroit Was a Massive Success
This month, several national media outlets have written profiles on the City of Detroit to mark the 5 year anniversary of its bankruptcy filing. In 2013 Detroit became the largest US municipality to file for bankruptcy, a story that received extensive coverage. At the time, Detroit was crippled by massive debt and a staggering decline in population. So where is Detroit today and what lessons have we learned from 2013? According to this CNN article, Detroit has made huge positive gains despite “… Detroit is Booming - 5 Years After Bankruptcy
Ford is definitely investing in Detroit real estate in 2018.
When people around the world think of Detroit, the first thing that typically comes to mind is: cars. It is after all, the Motor City. Long home to the "Big 3," titans of the automotive industry: Ford, General Motors and Chrysler. It's fitting that one of those giants has just announced one of the most important developments in Detroit in over 20 years. Ford has acquired and will renovate the iconic Michigan Central Station. A grand, historic structure that dates back to Detroit's time as the manufacturing capital… Ford Unveils Plans to Renovate Iconic Detroit Building
Just a few years ago, there wasn't even one major supermarket brand within the city limits of Detroit. Now, with a major overhaul of Detroit's Lafayette Park underway, Detroit will be home to 3 Meijer supermarkets. Meijer, a regional supermarket giant, took a risk on the city when it opened their first store on the corner of Woodward and Eight Mile. Following the success of that store the company soon opened a store on McNichols and Grand River, on the city's northwest side. While it may seem like a small step, Meijer's move to Detroit signaled a shift in how larger retailers and national brands… Detroit Lafayette Park Getting Major Overhaul - 5 New Developments Slated
