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 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
The inaugural Michigan-China week kicked off earlier this month in Detroit's historic Book Cadillac Hotel. According the Detroit Free Press, business leaders and elected officials across the state of Michigan are making an effort to strengthen the state's relationship with China. The aim is to attract new investment from Chinese businesses and individuals that will create jobs. As part of the week long event, more than 150 business and government officials from China visited… Detroit Mayor Leading Effort To Attract Chinese Investment
The City of Detroit is continuing its aggressive neighborhood stabilization plan with help from the private sector. The city announced its plans to raise $130M, with a focus on commercial corridors and its parks system. These are two areas which are desperately in need of funding. Even in some of Detroit's best neighborhoods the commercial corridors are lacking the national retailers found in nearby suburbs. A good example of this can be found on the Northwest side of the city, along West Seven Mile Rd between Southfield Freeway and Woodward Avenue. This area is generally densely populated compared… Detroit Plans to Invest $130M in 7 Neighborhoods
The City of Detroit’s effort to raise $9M to invest in skilled trades just got a major push. The City is making a concerted effort to improve its public school system and expand programs that offer jobs training for adults. City officials led by Mayor Mike Duggan have turned to Detroit’s business community to help raise funds for these programs. Dan Gilbert, head of Quicken Loans and Bedrock Real Estate, announced that his companies will be committing $1M to the skilled trades program.
Quicken Loans, based in downtown Detroit, is now the largest mortgage originator in the country. And… Detroit Raises $9M to Invest in Skilled Trades
This week the Detroit Riverfront Conservancy announced that a New York based firm will get the nod to redesign the West Riverfront Park. The 22 acre park will be redeveloped as part of a $55M project according to MLive.
Michael Van Valkenburgh Associates was the firm chosen as part of an international contest to choose the best design. Detroit Mayor Mike Duggan welcomed the news, and reminded us that just ten years ago the Riverfront was lined with “parking lots and cement silos.” In a statement… Detroit Riverfront Park to get $55M Facelift
