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Former Riverfront Conservancy CFO’s Rivertown property could face foreclosure Invest Detroit may foreclose upon an east Detroit riverfront building owned by the Detroit Riverfront Conservancy’s disgraced former CFO. In a statement Tuesday, David Blaszkiewicz, president and CEO of Invest Detroit and a Riverfront Conservancy board member, said foreclosure “and additional remedies” are under consideration for…

A Dan Gilbert RenCen purchase is very much on the table, documents show Dan Gilbert formally has an option to buy the majority of the Renaissance Center. A 10-page public notice of what’s called a “put and call agreement” describes Gilbert’s Resurgence Realty LLC’s option to buy the main five-building complex plus other property from…

Downtown apartment development nets $11M-plus in state funding A downtown Detroit apartment conversion has netted more than $11.6 million in public financing. The 80-unit Reckmeyer project by Detroit-based Basco of Michigan, run by Roger Basmajian, on Tuesday received Michigan Strategic Fund approval for an $8.22 million Michigan Community Revitalization Program loan and brownfield tax-increment financing…

Detroit seeks developer for neighborhood center near Michigan Central The city of Detroit is seeking a developer to team up with youth and community development nonprofit Heritage Works on an economic empowerment center planned for Corktown. The center, which will be built on the former 16th Street site of Owen Elementary, is one of several…