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Key incentive for RenCen, other ‘transformational’ developments in legislative limbo Credit: Bedrock/Gensler/RossettiPlans by General Motors Co. and Dan Gilbert’s Bedrock LLC for the Renaissance Center includes demolishing two towers and creating an entertainment district on riverfront land to the east. LANSING — The future of a key tax incentive that has been used to spur…
A real estate tax shelter that aided Detroit projects has been made permanent — with big changes Credit: CoStar Group Inc.The Chroma buidling in Detroit’s Milwaukee Junction neighborhood received Opportunity Zone equity funding. A controversial 2017 provision of a signature Trump administration law allowing people to shelter capital gains from taxes in exchange for investment…
A planned Inkster subdivision flamed out during the Great Recession. Now it’s coming back. Credit: FiverrA rendering shows the planned Annapolis Pointe project in Inkster that would bring 72 new for-sale homes with prices targeted at a mix of incomes. New housing in a Wayne County city aims to complete a neighborhood that felt the…
Bedrock flexes its real estate portfolio to grow Detroit’s tech ecosystem Credit: Courtesy of Bedrock LLCA view of the Hudson’s Detroit skyscraper with its exterior facade completed. Dan Gilbert’s Bedrock LLC is leveraging its extensive real estate portfolio to become a leader in Detroit’s emerging tech and innovation ecosystem. The event space of Bedrock’s new…
Owning a home is a keystone of wealth… both financial affluence and emotional security.