News

‘The last good site’ in a hot Detroit enclave hits the market One of the the last unrehabilitated buildings in a hot spot in downtown Detroit is up for sale.  The nearly 80,000-square-foot Cunningham Building in Capitol Park is on the market but does not have a listing price through Farmington Hills-based Friedman Real Estate,…

Hotel project at Joe Louis Arena site secures $90M-plus in tax incentives With public funding now secured, developers are expected to start construction this year on a nearly $400 million 25-story, convention-style hotel on the Detroit riverfront.  The Hotel at Water Square project on the former site of the Joe Louis Arena will receive a 30-year, $130.6-million Renaissance Zone…

$231.7M tax incentive approved for Henry Ford Health, Tom Gores development in Detroit The Michigan Strategic Fund officially approved Tuesday a more than $231.7 million transformational brownfield plan for the planned $3 billion development between Henry Ford Health, the Detroit Pistons and Michigan State University in Detroit’s New Center neighborhood. The Detroit City Council originally approved the plan in…

GM, Gilbert’s Bedrock weigh fate of the RenCen The fate of one of Detroit’s signature developments is up in the air. A variety of possibilities exist for the Renaissance Center, primarily owned by General Motors Co., which is leaving its longtime headquarters next year for new office space in Dan Gilbert’s Hudson’s Detroit development in the downtown…