Downtown Toledo’s office, apartment vacancy increased last year, reports say
Posted By: The Toledo Blade on February 12, 2024. For more information, please click here to read the source article. Downtown Toledo offices continued to empty out last year, while downtown’s typically low apartment vacancy rate ticked up slightly as well, according to new reports from the real estate firm Reichle Klein Group. Downtown office vacancy stood at […]
2024 set to be a significant year for economic development in Toledo
Posted By: WTOL11 on January 3, 2024. For more information, please click here to read the source article. WTOL 11 has learned that 2024 could be a significant year for development in Toledo. City leaders said there is currently more than $1 billion of investment property primed for projects this year. Wanting to highlight these various projects, WTOL […]
$8M apartment complex breaks ground in heart of Whitehall
Posted By: mlive on January 7, 2024. For more information, please click here to read the source article. Construction has begun on an apartment building in the heart of Whitehall designed for those who work in Whitehall but can’t find housing there. The 32-unit Harwood Flats is being constructed on Lake Street at the end of Colby Street. […]
New Mixed-use Apartment Building Coming to Midtown Detroit
Posted By: DBUSINESS on October 24, 2023. For more information, please click here to read the source article. A new mixed-use apartment building will break ground shortly at Second Avenue and Brainard Street in Midtown Detroit that will offer 57 apartments and 3,500 square feet of commercial space. The total cost of the project was not disclosed. Built […]
Detroit developer plans $14 million mixed-use building in Midtown
Posted By: The Detroit News on September 12, 2023. For more information, please click here to read the source article. Detroit-based Greatwater Opportunity Capital shared its plans Tuesday for a new mixed-use development in the city’s Midtown neighborhood. The $14 million project at 3740 Second Ave. is the first new construction project for the firm, which has redeveloped […]
Ohio awards $2.7M in historic tax credits to three Toledo revitalization projects
Posted By: Toledo Blade on June 29, 2023. For more information, please click here to read the source article. More than $2.7 million in Ohio historic tax credits will help revitalize three buildings in the downtown Toledo area, state officials announced Thursday. The largest local tax credit award, worth $1.35 million, will help rehabilitate the remaining bays and […]
Developers team up in Westgate to bring apartments to Sears, Elder-Beerman sites
Posted By: The Toledo Blade on February 28, 2023. For more information, please click here to read the source article. The two out-of-state developers that separately own the old Sears and Elder-Beerman sites in Westgate are joining forces to build apartments and retail on the side-by-side parcels. Plans are still in the design phase, said Liz Holland, […]
Michigan developer plans to build 192 apartments near Toledo’s Inverness Club
Posted By: The Toledo Blade on February 28, 2023. For more information, please click here to read the source article. A Michigan developer plans to break ground in the coming weeks on a 192-unit apartment complex off Dorr Street near the Inverness Club in Toledo. The approximately $15 million Brailey Apartments project will include six three-story buildings […]
No work done to turn half-built hotels, vacant for 4 years, into apartments near Muskegon
Posted By: mlive on February 12, 2023. For more information, please click here to read the source article. Nearly a year after getting approval to turn half-built hotels in Fruitport Township into apartments, the developer has done nothing to move the project forward. Stellar Hospitality started construction on what was to be hotels near the Lakes Mall in […]
Developer outlines $20m, 5-story Utica Junction mixed-use development in Roseville
Posted By: Macomb Daily on November 16, 2022. For more information, please click here to read the source article. A home builder Tuesday night unveiled plans for a $20 million, mixed-use development along Utica Road to be the showcase piece of downtown Roseville. Waref Hawasli, head of Grosse Pointe Farms-based Hawasli Homes presented details for Utica Junction, […]
Work starts on luxury apartment, retail complex near Toledo Hospital
Posted By: The Toledo Blade on November 27, 2022. For more information, please click here to read the source article. A project to build a luxury apartment and retail complex in Toledo’s former Colony area, near ProMedica Toledo Hospital, is finally moving forward. Work on the $45 million project, on a nearly 11-acre lot off Central and […]
‘A giant tombstone:’ Rosemary Apartments to be demolished
Posted By: The Toledo Blade on July 26, 2022. For more information, please click here to read the source article. The abandoned Rosemary Apartments, the site of a tragic teen death in 2016, will be demolished, the Lucas County Land Bank announced Tuesday. The announcement was made on what would have been the 23rd birthday of Joshua […]
East Toledo’s Masonic Temple, vacant for decades, will soon be senior apartments
Posted By: The Toledo Blade on July 2, 2022. For more information, please click here to read the source article. It’s the second big project by ARK, which also turned the old Wonder Bread bakery into housing East Toledo’s former Masonic Temple has sat vacant for at least two decades, a fact that would be easy to guess […]
Metro Detroit summer development guide 2022: Openings, closings, renovations abound
With the dust of COVID-19 finally beginning to settle, commercial development in metro Detroit is once again bustling. Big plans are in store for several the area’s shopping malls and office buildings, many of which were left abandoned or under-utilized during the peak of the pandemic. Read on to see what’s in store for notable […]
Fowlerville getting $3.7 million apartment and commercial development downtown
A local couple is preparing to break ground on a more than 13,500-square-foot commercial and apartment building in downtown Fowlerville. The Michigan Strategic Fund board on Tuesday approved a $1.45 million loan through a Michigan Economic Development Corporation program, which will help them finance the estimated $3.7 million construction project. Jennifer Cooke and her husband, Dan — […]
Half-built hotels near Muskegon mall to become apartments after sitting vacant for years
Half-built hotels that have sat vacant for 3 ½ years will be turned into apartments following approval of the plans by Fruitport Township. A no-compete clause halted construction of the two buildings on East Sternberg Road near the Lakes Mall in Muskegon County. They remained vacant until the township enacted a blight ordinance about a […]
Developer envisions massive tower for former Joe Louis Arena site
A developer has put forth a conceptual design for a massive tower with 500 apartments to be built on the site of the demolished Joe Louis Arena. Detroit-based Sterling Group, which owns the former arena site, submitted a conceptual site plan to the city in July showing a 25-story, 290-foot-tall residential tower called The Louis where the old Red Wings arena […]
Former Dearborn Hyatt to be sold, turned into apartments
The former Dearborn Hyatt Regency hotel, closed since December 2018, is under contract to be sold to a New York-based company that is looking to transform the property into apartments. An attorney for the unidentified buyer, Amir Makled of Dearborn-based Hall Makled, said Monday that the company plans to turn the 773-room hotel into a mix […]
Apartments, new restaurant part of renovation plans at historic building in downtown Kalamazoo
An historic building in downtown Kalamazoo will soon undergo renovations to make way for 11 apartments above the city’s oldest restaurant. The renovations are being led by 266 Michigan Ave. Kalamazoo LLC, which boasts the East Michigan address of the property being renovated in its name, according to a news release from the Michigan Economic […]
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