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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…
Stephen Ross steps away from his real estate company — but not District Detroit Stephen Ross is stepping down as chairman of his New York City-based development giant, Related Cos. Ross, the billionaire developer who is a Detroit native and University of Michigan graduate, told the Wall Street Journal he is now concentrating his efforts in West…
Owning a home is a keystone of wealth… both financial affluence and emotional security.