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Somerset mall owner hopes to ‘meet in the middle’ with Troy on Kmart property Credit: Brett Mountain/Crain’s Detroit BusinessKC Crain, CEO of Crain Communications Inc., interviews Nathan Forbes during the Crain’s Detroit Business Family Business Summit Thursday, May 1, at the Daxton Hotel Birmingham. The public face of the luxury Somerset Collection shopping mall and…
Auction scrapped for large Detroit office complex as potential buyer emerges Credit: Blackacre Management, LLCThe vacant Executive Office Plaza property has 613,000 square feet across an 11-story south tower and a 21-story north tower sitting on about two acres at 1200 Sixth St. in Detroit. A planned online auction of a large downtown Detroit office…
First retailer revealed in Gilbert’s Hudson’s project Credit: BedrockA view of the Hudson’s Detroit skyscraper with its exterior facade completed. The Hudson’s Detroit development’s first announced retail tenant is athletic apparel company Alo Yoga. Bedrock LLC, Dan Gilbert’s real estate company, announced the store Friday. Alo Yoga is slated to open late this summer in…
Dilapidated Southfield hotel to get second chance with nonprofits’ help Credit: Kirk Pinho/Crain’s Detroit BusinessThe former Plaza Hotel & Conference Center at 16400 J.L. Hudson Dr. in Southfield. . The city of Southfield hopes its long-running nightmare with the owner of a blighted mid-rise hotel has come to an end. The former Plaza Hotel…
Owning a home is a keystone of wealth… both financial affluence and emotional security.