Boutique condo development to soon break ground in Woodbridge
Woodbridge is mostly known for its tree-lined streets and historic single-family homes built in the early 20th century. A new development will be a rare break from that mold. Levels…
Three condos starting at $1.55M to be built in Hartz Building downtown
Some of the highest-priced condos have just hit the market downtown. Three yet-to-be constructed units will be built in the historic Hartz Building above the Detroit Beer Company downtown. Each…
Dakkota Integrated Systems to build plant, bring 625 manufacturing jobs to Detroit
Dakkota Integrated Systems announced today that it will build a $55 million, 600,000-square-foot manufacturing plant in Detroit and hire 625 employees. The new facility will be on the east side…
Fisher Building owners refinance loan for $36M to continue preservation efforts
The owners of the Fisher Building have closed on a major loan refinancing to continue much-needed maintenance and preservation efforts on the historic Art Deco building in New Center. According…
Builders Will Build It, If You Rent It
The build-to-rent market is exploding in growth, CNBC reports. While homebuilding in general has underperformed in recent years, one segment of residential construction has seen large growth: Building a home…
Mortgage Rates Haven’t Been This Low Since 2016
For the seventh time in the last nine weeks, the 30-year fixed-rate mortgage dropped, reaching the lowest average since November 2016, Freddie Mac reports in its weekly mortgage market…
Construction to begin soon on Woodbridge townhome development
Detroit’s Woodbridge neighborhood is filled with dozens of over 100-year-old Victorian homes. Soon joining the mix will be new townhouses attempting to fit in with the neighborhood’s historic character. Woodbridge…
JPMorgan Chase’s Detroit investment growing to $200 million
Article from Crain’s Detroit JPMorgan Chase has exceeded its $150 million Detroit investment, philanthropy initiative Bank plans to invest $50 million more in affordable housing, job training and entrepreneurship CEO…
$19 million short-term housing project for homeless in Detroit secures rezoning
Project now heads to Detroit City Council Construction could begin as early as spring 2020 Will provide short-term housing for homeless to pave way for permanent housing The…
Detroit’s Most Ambitious Neighborhood Project Turns Two
In 2017, Mayor Mike Duggan announced that Detroit would be the first city in the country to completely rebuild a struggling neighborhood. With the help of developers and funders, the Fitzgerald Revitalization Project would turn the northwest Detroit neighborhood from a place with hundreds of vacant properties to a vibrant, blight-free area that could be enjoyed by new and longtime residents alike.