Major Downtown/Midtown/Corktown Developments! (Detroit, Wayne: apartment, mover, loan)

[ForStarters]

• DOWNTOWN
  • Quicken Loans has purchased the Madison Building at the corner of Broadway and Woodward with renovation plans in store.

It is not clear at this time whether Quicken will use the building as a secondary downtown campus or whether it will house one of Dan Gilbert's subsidiary companies, such as FatHead.

There is also the possibility that the building is used for a totally new enterprise. Gilbert told the Detroit News that the Madison would be "an exciting center where young entrepreneurial enterprises will collaborate, innovate and build the kind of 21st-century businesses that the majority of our new economy in Detroit and Michigan will be based upon."

http://detnews.com/article/20110126/BIZ/101260437/Quicken-Loans-buys-Detroit’s-Madison-Building#ixzz1CCJa9tJJ (http://detnews.com/article/20110126/BIZ/101260437/Quicken-Loans-buys-Detroit%E2%80%99s-Madison-Building#ixzz1CCJa9tJJ - broken link)

[Slappy san]

Originally Posted by ForStarters

• DOWNTOWN
  • Quicken Loans has purchased the Madison Building at the corner of Broadway and Woodward with renovation plans in store.

It is not clear at this time whether Quicken will use the building as a secondary downtown campus or whether it will house one of Dan Gilbert's subsidiary companies, such as FatHead.

There is also the possibility that the building is used for a totally new enterprise. Gilbert told the Detroit News that the Madison would be "an exciting center where young entrepreneurial enterprises will collaborate, innovate and build the kind of 21st-century businesses that the majority of our new economy in Detroit and Michigan will be based upon."

http://detnews.com/article/20110126/BIZ/101260437/Quicken-Loans-buys-Detroit’s-Madison-Building#ixzz1CCJa9tJJ (http://detnews.com/article/20110126/BIZ/101260437/Quicken-Loans-buys-Detroit%E2%80%99s-Madison-Building#ixzz1CCJa9tJJ - broken link)

That's great news. Hopefully he can still buy the spot above the parking garage as well.

[ForStarters]

• EAST RIVERFRONT
  • A new low-rise senior center will be built off East Jefferson just 1 mile from the GM Renaissance Center. Presently, the area known as "Rivertown" contains mostly vacant or abandoned parcels.

This project is a joint-venture by Henry Ford Hospital and two Detroit-area retirement communities.

The addition of this senior center is one of several developments along Detroit's East Riverfront, including the expansion of the Detroit Riverwalk and the planned redevelopment of the Globe Trading Building into a recreation center.

http://www.freep.com/article/20110131/BUSINESS06/110131015/Assisted-living-center-planned-Detroit-riverfront?odyssey=mod|newswell|text|FRONTPAGE|p (broken link)

[ForStarters]

• DOWNTOWN
  • Texas de Brazil is set to open this Spring. The Churrascaria restaurant announced last year that it would be opening a Detroit location in the Compuware Building at Campus Martius, and the company's website now states that it will be up and running this April: Texas de Brazil

The franchise has restuarants in select major cities throughout the world, and Detroit will be the company's newest addition. Work began recently at the Compuware Building and new Texas de Brazil signs are in the soon-to-be restaurant's windows.

• • Detroit Breakfast House is due to reopen sometime soon. After closing their doors 2 years ago, DBH plans to reopen on lower Woodward in the near future.

Work on the interior is complete and all that's needed is for the tables to be set with silverware and the door to be unlocked. From what I've gathered, the menu will be substantially the same, but prices will be more affordable.

[detroitlove]

Originally Posted by ForStarters

• DOWNTOWN
  • Texas de Brazil is set to open this Spring. The Churrascaria restaurant announced last year that it would be opening a Detroit location in the Compuware Building at Campus Martius, and the company's website now states that it will be up and running this April: Texas de Brazil

The franchise has restuarants in select major cities throughout the world, and Detroit will be the company's newest addition. Work began recently at the Compuware Building and new Texas de Brazil signs are in the soon-to-be restaurant's windows.

• • Detroit Breakfast House is due to reopen sometime soon. After closing their doors 2 years ago, DBH plans to reopen on lower Woodward in the near future.

Work on the interior is complete and all that's needed is for the tables to be set with silverware and the door to be unlocked. From what I've gathered, the menu will be substantially the same, but prices will be more affordable.

OMG yes!!!!!! lol that made my day

[MIW14]

I'm shocked at the lack of large scale development in Detroit. Most major cities are having these huge projects going on funded by developers. And those cities have a lot less available land and land and buildings that are available cost a lot more then land and buildings in Detroit.

[ForStarters]

Originally Posted by MIW14

I'm shocked at the lack of large scale development in Detroit. Most major cities are having these huge projects going on funded by developers. And those cities have a lot less available land and land and buildings that are available cost a lot more then land and buildings in Detroit.

Frankly, I'm surprised too. However, I have come to realize that it is not the large developments that make a city vibrant and enjoyable, it is the smaller ones.

I don't know how many large developments we're going to see in Detroit in the near future. The Governor has cut the brownfield and historic preservation tax credits that provide incentives for developers to redevelop and reuse older land and buildings. It is also difficult to get financing for large projects that one would expect in a city the size of Detroit.

Unfortunately, it is cheaper for developers to follow the the "slash and burn" land-use strategy where they build cheap developments on rural land on the outskirts of the Metro area and then bait people to move further out. A few years later, they do it again, edging further and further away from core, slowly expanding the region into the amorphous blob Metro Detroit is today. It works out great for the developers because they get to treat land like a disposable commodity and sell everyone a new home every 10 or so years. However, it essentially destroys any sense of community and history that the region had. It also leaves older neighborhoods totally blighted. I really thought the historic and brownfield tax credits were a good use of taxpayer money because they allowed for abandoned or contaminated land to be reused instead of just left to rot.

[theterribleone]

Detroit Development News - SkyscraperCity


For reference ForStarters. Always click on last to see the latest

[MIW14]

I wish Detroit could have a project like this one in Denver.....
http://www.denverunionstation.org/in...d=13&Itemid=14
http://www.unionstationneighborhoodco.com/

[detwahDJ]

Originally Posted by MIW14

I wish Detroit could have a project like this one in Denver.....
Denver Union Station
Union Station Neighborhood Co. | Denver, CO

That's nice for whatever it is, but I like the idea of Detroit using its old irreplaceable buildings. This would keep Detroit unique for years to come.
BTW I see this is partially done in the illustration.