Hantz Farms LLC is buying 450 parcels of mostly vacant property from Detroit and the city’s land bank as part of a deal to expand its urban tree nurseries on the lower east side, renovate up to 80 dilapidated homes and free up land Fiat Chrysler Automobiles needs for its Jeep assembly plant project. Under a deal Hantz Farms has struck with Mayor Mike Duggan, Hantz will swap the city 37 parcels on Beniteau Street that are needed for stormwater retention and parking at FCA’s Mack Avenue engine plants, which the automaker plans to convert into a new assembly plant…Continue Reading or Check Out Our Exclusive, Off-Market Real Estate Investing Opportunities!
Peter Corrado
AuthorRelated Posts
September 14, 2019
BlogDetroitInteriorInvestingReal Estate
Single Family or Multifamily Real Estate Investing: What’s right for you?
For those considering, and those already deeply involved in real estate investing, the question of which is a better option;...
September 14, 2019
BlogDetroitInvestingReal EstateRetirement
1031 Exchange and What it Means For Real Estate Investing
What is Section 1031? Whenever you have a gain on the sale of a real estate investment property, you generally have to pay tax...