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.
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
For the first time in seventeen years, the City of Detroit announced average home values have increased city wide. This is significant news and is another indicator of Detroit's resurgence. While many pockets of the city have witnessed double digit gains in property values since the recession, these gains haven't been felt city-wide. According to WXYZ Detroit, values have increased by 6% overall for the entire city. In some neighborhoods like Cornerstone Village, the increase has been even … Average Housing Values Increase City-Wide in Detroit
The Detroit real estate market has become the most popular investment market in the country. Investors and small companies from all over the world have flocked to Detroit in recent years to cash in on the high returns. As of late, larger institutions have entered the market in a big way. In February 2018, the University of Michigan Board of Regents announced a $30Mil investment in a Detroit real estate investment fund. This is major news considering any investment by the University must be thoroughly researched and voted on. The Detroit Renaissance Real Estate Fund invests in residential properties… University of Michigan Annouces $30M Investment in Detroit Real Estate
The auto industry in Detroit continues to boom, something that was hard to imagine in the wake of the auto bailout in 2009. All "Big 3" automakers have made significant investments in their home state of Michigan, with Fiat Chrysler the latest to make a major announcement. The automaker plans on investing $1Bil to modernize its Warren Truck plant. This is slated to add 2,500 new jobs according to the Detroit Free Press. In addition to creating jobs, Fiat Chrysler… Fiat Chrysler to Invest $1Bil in Metro Detroit Plant
20 years after the demolition of the former JL Hudson's department store on Woodward Ave, the site is officially entering a new era. In its heyday Detroit's iconic Hudson's building was one of the largest department stores in the world. However the store closed in 1982 according to the Detroit Free Press. After several attempts to redevelop the vacant building failed, it was demolished in the late 1990's. Spanning an entire city block the Hudson's site was a glaring empty space in… Crews Break Ground on $1Bil Skyscraper, Set to Be Tallest in Michigan
