$2.5 million gift from Yaker family will help revitalize Southwest Detroit neighborhood

$2.5 million gift from Yaker family will help revitalize Southwest Detroit neighborhood

The Newberry Homes revitalization project in the Southwest Detroit’s Chadsey-Condon neighborhood just got a $2.5 million leg up. The gift is from Judith Yaker, widow real estate developer Sam Yaker, will establish the Sam L. and Judith Yaker Fund. It will help more people become homeowners and revitalize an eight block area of the neighborhood. […]

‘Michigan Matters’ Focus: Dan Gilbert’s Motor City vision plus, affordable housing

‘Michigan Matters’ Focus: Dan Gilbert’s Motor City vision plus, affordable housing

Dan Gilbert has spent well over $3 billion on buildings in the Motor City the past several years, with bigger plans ahead. That from Matt Cullen principal of Gilbert’s Rock Ventures who appeared with Carol Cain, senior producer and host of CBS Channel 62’s “Michigan Matters,” who talked about the game plan. Matt Cullen, principal […]

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 […]

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