Speculation among community residents runs rampant as the new owners of the blighted Sugar Loaf ski lodge complex make good on their promise. A fence rims the demolition site that is now the staging area for work crews who are crushing the remaining asphalt and making topsoil runs up to the top of what was […]
Developers Cinnaire Solutions, Woodbridge Neighborhood Development Corp., CHN Housing Partners and Detroit Blight Busters will create nearly 200 new units for at-risk residents. The four new housing projects will created 183 affordable units for residents who earn 60 percent of the area median income ($42,960 for a family of two). The projects will also include […]
Michigan-based Ginosko Development has partnered with New York-based L+M Development Partners to purchase nine Michigan rental properties with more than 1,600 affordable apartments. They plan to modernize and preserve the low-cost units. The properties include 1,640 units in 115 buildings in Michigan. More than half are for seniors. Seven of the nine properties have contracts […]
The Coyote Gold Club in Lyon Township is under contract to be sold to SE Metro Property Services LLC of Birmingham. The 200-acre property would be converted into 107 townhomes valued at $400,000 and 203 single-family residences valued at $600,000. The three-phase development would begin in the summer of 2024. The townhouses clustered in 26 […]
According to Bankole Thompson, Detroit needs improvements that will impact the lives of its ordinary residents. The tax breaks for big companies are off the backs of ordinary citizens. Residential poverty still exists because of the lack of initiatives designed to make a difference. The city has given away huge tax subsidies to highly capitalized […]
Ann Arbor’s Michigan Innovation Headquarters (MI-HQ) has announced that it entered into a purchase agreement to acquire Eastern Michigan University’s former College of Business headquarters in downtown Ypsilanti. It plans to purchase the building for $2.6 million, and with an additional $10 million, renovate it to build shared workspace for STEM companies. The deal will […]
The Detroit World Outreach Church property on West Chicago Road at Telegraph Rd. is heading to a public sale next month. The asking price is $7.1 million. The complex consists of multiple buildings, including the 181,000-square-foot main church. The church fell behind on payments after a Chapter 11 bankruptcy. Although a reorganization plan was approved […]
The Detroit City Council will consider awarding a demolition contract for a portion of the Packard Plant later this month. Only one bidder responded to a May request for proposals to tear down the building at 6199 Concord St. The city will most likely award the contract to the unnamed bidder in the next week. […]
The Gateway Center building, across from the Westin Book Cadillac hotel, is being demolished. Plans for the demolition have been known as far back as 2016. The upper exterior on its western side was removed by Thursday afternoon. The demolition is expected to be finished by August. Owner Richard Karp indicated that he wanted to […]
The historic Merchants Building in downtown Detroit has sold in an off-market deal for $5.9 million. A party linked to Detroit-based Method Development LLC bought the building last month. Method will share full development plans for the project in the near future. Broadway Merchants LLC bought the building in 1996. The building was listed in […]
