Detroit’s Stone Soap building gets $27 million makeover with 63 new residential units, retail space

Detroit’s Stone Soap building gets $27 million makeover with 63 new residential units, retail space

It seems perfect given the name. The Stone Soap building is getting a good cleaning and is being redeveloped into a new mixed-use structure that will renovate existing structures, include new construction and add three to six additional stories on top of the building. “The riverfront belongs to everybody, and the redevelopment of the Stone […]

Detroit’s $7 million development lifts affordable housing units, while bringing job seekers, employers and service providers closer together

Detroit’s $7 million development lifts affordable housing units, while bringing job seekers, employers and service providers closer together

  With its groundbreaking today, the $7 million North End affordable neighborhood housing development announced by Central City Integrated Health (CCIH), along with Mayor Duggan, other City of Detroit officials and community members, signals that the city is one step closer to its goal of becoming a “city for everyone.” The now-vacant Saint Rita Apartments, […]

Bedrock and partners make deal to keep 236 Midtown homes affordable

Bedrock and partners make deal to keep 236 Midtown homes affordable

Detroiters looking to stay rooted in market-driven Midtown just found 236 affordable options. The City of Detroit has announced that income-eligible tenants of the 18-story, 236-unit Cathedral Tower apartments can remain in their homes, due to a joint venture between MRK Partners and local developer Fortus Partners, who plan to preserve the building as affordable for […]

City-supported projects preserve 271 affordable housing units, build 114 more

City-supported projects preserve 271 affordable housing units, build 114 more

The uptick in Detroit’s downtown and neighborhood property values is good news to many, but not for all. With rental rates rising and less property available in prime locations, it’s becoming increasingly difficult for millenials, seniors and low-income families to afford to live in the desirable neighborhoods they would like to call home. The cost […]

Bedrock to build or preserve 700 affordable housing units in Detroit

Bedrock to build or preserve 700 affordable housing units in Detroit

A “city for everyone” is the moniker Mayor Mike Duggan often uses to promote his vision for Detroit, a city he promises will be inclusionary of all, including our most vulnerable low-income residents. Today, Detroit is steps closer to achieving the mayor’s mission to meet pent-up demand for more affordable housing. A just-announced agreement with Bedrock guarantees an additional 700 […]

Midtown’s Sugar Hill District to Gain $32 Million Housing Development with Affordable Housing

Midtown’s Sugar Hill District to Gain $32 Million Housing Development with Affordable Housing

Straight off of his widely lauded speech at the Mackinac Policy Conference in which he highlighted the need for affordable housing, Mayor Mike Duggan, Midtown Detroit representatives and local architects came together to announced a new housing project in the city with 25 percent affordable units. On Friday, Mayor Duggan announced the developers and design […]

The District Detroit Announces Detroit’s Largest Residential Development Initiative in More Than 20 Years

The District Detroit Announces Detroit’s Largest Residential Development Initiative in More Than 20 Years

Again emphasizing Detroit’s efforts “to build a city that includes everyone,” officials from the city, The District Detroit and Olympia Entertainment announced Friday that a new residential development will bring 686 units – including 139 affordable options – across six projects. Olympia Development of Michigan announced plans for hundreds of new affordable and market-rate rental […]

Broder & Sachse to renovate historic 40 Davenport building, partners with city for responsible rehabilitation

Broder & Sachse to renovate historic 40 Davenport building, partners with city for responsible rehabilitation

Creating a Detroit that has room for everyone – especially in terms of housing – is a goal for the city’s government, its residents and, increasingly, its developers. A new example of this is the newly announced The Hamilton. Broder & Sachse Real Estate and the City of Detroit have reached an agreement to keep […]

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