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  #4601  
Old Posted Feb 18, 2018, 12:56 AM
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Looks like Eastern Market may be getting a high-rise. I actually believe I know the developer as well or at least Idk about Joey but my friend mentioned her dad's branch of the Jonna group was getting involved I believe, i'll see about getting some inside info.



Quote:
Eastern Market site slated for 79 apartments headed to auction

By KIRK PINHO
Crain's Detroit Business
February 15, 2018



Developer Joey Jonna is asking a minimum bid of $600,000 for this site in Eastern Market in Detroit between Russell and Rivard streets.


-2801 Russell St. minimum bid is $600,000
-Online auction runs April 9-11
-Site slated for 79 apartments, 15,500 square feet of commercial


But Barry Swatsenbarg, senior vice president in the Southfield office of Colliers International Inc. who is one of the brokers handling the April 9-11 auction, said Jonna "received a tremendous amount of unsolicited offers to do the deal before he went vertical."

"He felt compelled to take it to the market," Swatsenbarg said. "He thought the auction process was the best. And it's site plan-approved, so someone can just step right in and go vertical if they'd like."
http://www.crainsdetroit.com/article...ded-to-auction




Quote:
Doner 'dipping a toe in the water' on moving HQ to downtown Detroit

February 15, 2018
Crain's Detroit Business
KIRK PINHO



Doner's new co-working space in the Oslo Building at 1456 Woodward Ave. in downtown Detroit opened in the fall.


Doner CEO David DeMuth floated a hell of a trial balloon Wednesday afternoon during an interview about the Southfield-based advertising agency's small new co-working space downtown.

"It's a toe in the water to see if we want to move the whole company down there when our lease is up next in 2020," he said this afternoon.

...

While DeMuth said Doner has not retained a brokerage firm to look around for downtown space for its 450 or so employees, the company has "been talking to various entities about it."
http://forum.skyscraperpage.com/newr...reply&t=102019
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  #4602  
Old Posted Feb 18, 2018, 8:59 PM
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Quote:
Investment group buys Hotel St. Regis

By KIRK PINHO
Crain's Detroit Business
February 18, 2018



The Hotel St. Regis has had a tumultuous 10 years since a 2007 renovation.


-Turnaround expert Saunders takes on hotel turnaround
-Investor group plans $6 million investment
-New hope for New Center landmark


The new owners, Detroit-based Invictus Equity Group, is betting that its $6 million capital infusion and the hotel's proximity to Henry Ford Health System, the under-construction new Detroit Pistons practice facility to the south and other institutions will pay off as the area around West Grand Boulevard continues to catch the eye of real estate investors.

Invictus is led by Tony Saunders, the former Wayne County CFO who worked on Detroit's bankruptcy restructuring at the Birmingham-based corporate turnaround firm Conway MacKenzie; and Christos Moisides, executive member of Detroit-based 400 Monroe Associates LLC.
http://www.crainsdetroit.com/article...hotel-st-regis
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  #4603  
Old Posted Feb 19, 2018, 6:37 AM
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Well hot damn, a good day in the D first progress with the St. Regis and now what sounds like a interesting plan reimagining Detroits cultural center as an even more cohesive district.


Quote:
Planning to create Detroit cultural campus quietly underway

By SHERRI WELCH
Crain's Detroit Business
February 18, 2018



The plan will encompass the cultural organizations in the district, from the DIA to the Hellenic Museum to the Detroit Public Library, along with other properties interspersed between them, including the Inn on Ferry Street, the Rackham Building and the Park Shelton building.


-Master planning aimed at creating cohesive look, programs for Detroit's cultural district has launched.

....


Supported by a $60,000 grant from the Fred A. and Barbara M. Erb Family Foundation to Midtown Detroit to lead it, the larger planning process will include a yet-to-be-announced design contest for the district and a dozen cultural and non-cultural sites within it and incorporate sustainability as a guiding principle.

It builds on two individual projects announced last summer around the same time: a "town square" planning project launched by the DIA to activate its Woodward Avenue plaza as a public gathering space and a joint project to develop "green infrastructure," or natural landscaping, between the Charles H. Wright Museum of African American History and the Michigan Science Center to absorb stormwater runoff.

....

"Midtown Detroit's participation will bring on additional stakeholders and unify the cultural district in a truly triple-bottom-line fashion: one that creates physical connections between the organizations in the district, equitably engages residents, provides opportunities for local businesses, manages stormwater, generates new or increased revenue streams for the museums, improves walkability, and adds to the beauty of the area," he said.
http://www.crainsdetroit.com/article...ietly-underway
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Last edited by Docta_Love; Feb 19, 2018 at 6:56 PM.
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  #4604  
Old Posted Feb 19, 2018, 5:31 PM
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^ That's great news right there. A more cohesive branding is needed.
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  #4605  
Old Posted Feb 20, 2018, 12:42 AM
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I'm surprised there hasn't been a cohesive Cultural Center plan proposed in the past. I am very excited to hear more details and see how this will be implemented.
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  #4606  
Old Posted Feb 20, 2018, 9:02 PM
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Curbed has been talking to the community group the State Fairgrounds Development Coalition (SFDC) which formed in 2012 to provide community input for the massive planned redevelopment of the former Michigan State Fairgrounds at 8 Mile and Woodward.

A redevelopment last decade of the corner of site directly on 8 and Woodward centered around a Meijer superstore and other retail outlets including a Jcpenny the project has been successful but is very suburban.

The Magic Johnson lead redevelopment was criticized by community groups as being too auto-centric while some adjustments had been made SFDC is confident that 2018 is the year of a breakthrough. They insist that they aren't making any counter proposals and the group lead by Magic has said from the beginning that they are open to community input so fingers crossed.


Quote:
Could the redevelopment of the State Fairgrounds gain momentum this year?
This year could be a turning point for the development

By Robin Runyan
Curbed Detroit
Feb 19, 2018




One of the areas up for development in Detroit with the biggest potential is the 160-acre site of the former State Fairgrounds. The area could serve as a great connection between Detroit and the suburbs to the north, but development has stalled over the past few years. A community group, the State Fairgrounds Development Coalition (SFDC), believes that real change could start happening this year.

Crain’s reported on slightly updated renderings from the developers last summer.





Shown here in a rendering, the mixed-use development project proposed for the former Michigan state fairgrounds in Detroit will be more walkable, bikeable and urban than a suburban shopping complex.


SFDC wasn’t in favor of the strip mall-like concept proposed by the developers. Instead, SFDC has suggested a METAExpo—Michigan Energy Transportation Agriculture Expo. Instead of a heavy auto-dependent development, SFDC would like to see more walkable streets, green infrastructure, and transit-oriented development.
https://detroit.curbed.com/2018/2/19...ounds-momentum
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  #4607  
Old Posted Feb 21, 2018, 7:38 PM
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Quote:
76-unit housing development planned on Kercheval in West Village

By ANNALISE FRANK
Crain's Detroit Business
February 21, 2018





-Multifamily development planned for West Village


New construction is planned at 8003 Kercheval Ave. at Van Dyke, according to a document obtained from the city of Detroit through a Freedom of Information Act request in relation to the city's pitch for Amazon's second headquarters. The document says 76 units are planned.

Retail offerings have grown in the east-side neighborhood of late. And the new residential project, dubbed "Van Dyke @ Kercheval," would join the recently opened, 12-unit The Coe mixed-use development just south on Coe Avenue.

....

Detroit-based The Roxbury Group is listed as the developer on the project in the FOIA documents. It declined to comment for this story.



Two buildings sit on land on Kercheval Avenue purchased by an entity connected to Invest Detroit in the Detroit's West Village neighborhood.

....
http://www.crainsdetroit.com/article...n-west-village
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