DBusiness Magazine
Michigan Strategic Fund Backs Detroit, Traverse City Revitalization Projects
The Michigan Economic Development Corp. (MEDC) announced Tuesday that the Michigan Strategic Fund (MSF) is supporting projects for growth and economic recovery in Detroit and Traverse City that are expected to generate a total capital investment of $35.7 million.
A rendering of the Bagley/Fitzgerald neighborhood project in Downtown Detroit. // Rendering courtesy of N’Namdi Hosey Development LLC
The Michigan Economic Development Corp. (MEDC) announced Tuesday that the Michigan Strategic Fund (MSF) is supporting projects for growth and economic recovery in Detroit and Traverse City that are expected to generate a total capital investment of $35.7 million.
News Staff Writers
News Photo by Julie Riddle
Shelly Katto points recently to a chalkboard in her Alpena Airbnb home signed by a group of nurses who found temporary housing there.
ALPENA The use of tax incentives, zoning changes, policy revisions, and the creative use of current structures still haven’t kept up with a spiking demand for housing in Northeast Michigan.
Big demand and too little supply, rising construction costs, and limited construction workers in part because of the coronavirus pandemic caused the region’s housing shortage, The News learned after weeks of research and interviews with homebuyers, sellers, and real estate and economic development officials. The shortage means people who want to move to or within Alpena often have to wait months before they can land a home.
Deadline Detroit | Held hostage: Two Detroit neighborhoods fight to break developers grip deadlinedetroit.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from deadlinedetroit.com Daily Mail and Mail on Sunday newspapers.
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Interface Studio Architects
This rendering shows the vision for a new mixed-use development with 38 apartments and 6,000 square feet of commercial space on West McNichols near Livernois in Detroit.
A trio of Detroit developers are targeting a block on West McNichols for a new mixed-use development with 38 apartments and 6,000 square feet of commercial space.
The development, which is seeking about $1.1 million in brownfield reimbursements, is across three parcels totaling about 0.55 acres on the south side of West McNichols Road between Prairie and Monica streets three blocks west of Livernois Avenue.
Real Estate Insider: Dan Gilbert was a silent investor in Pullman Parc project
Some of the Pullman Parc land was sold to Robertson Bros. Co. late last month
Orleans Landing development on the east Detroit riverfront has commercial tenants
CoStar Group Inc.
Billionaire Dan Gilbert was one of the silent investors in the Pullman Parc project envisioned in Detroit s Elmwood Park neighborhood.
The planned Pullman Parc project on the Elmwood Park neighborhood s border with the Lafayette Park neighborhood has been described to me and others as a joint venture between Farmington Hills-based Hunter Pasteur Homes, Detroit-based Broder & Sachse Real Estate Services Inc. and Detroit-based Woodborn Partners LLC, all established developers of for-sale and for-rent multifamily properties in Detroit.