Signature Associates

Posted By: DBUSINESS on March 14, 2023.  For more information, please click here to read the source article.   Crestlight Capital, a Detroit-headquartered real estate investment firm, in partnership with Sabal Investment Holdings, an investment management firm based in Irvine, California, serving institutional investors across the U.S., has announced its acquisition of four Class A warehouse industrial buildings […]

Posted By: The Detroit News on January 24, 2023.  For more information, please click here to read the source article. With businesses starting to encourage or require in-office work, downtown is expected to be its busiest this year since the pandemic sent office workers home in March 2020. Next week, thousands of General Motors Co. employees will descend […]

Posted By: The Detroit News on January 5, 2023.  For more information, please click here to read the source article. Four contaminated properties in Detroit, including the former American Motors Corp. headquarters site, will receive financial help for cleanup after the Michigan Department of Environment, Great Lakes, and Energy approved $5.8 million in brownfield grants, loans and tax […]

Posted By: The Detroit News on November 29, 2022.  For more information, please click here to read the source article.   Community members who met with developers Tuesday evening to hear about the proposed $1.5 billion joint venture between the Ilitch family organization and developer Stephen Ross had key questions about the mixed-use development plan including affordable housing, […]

Posted By: Detroit Free Press on November 16, 2022.  For more information, please click here to read the source article.   Star comedian Mike Epps is set to launch a multipurpose entertainment and dining establishment in downtown Detroit. One Mike, a comedy and music club, will open at 1331 Broadway St. in Detroit, a $1.5 million property that […]

Posted By: REjournals on November 8, 2022.  For more information, please click here to read the source article. Signature Associates’ Joe Hamway was proud to be a member of Detroit Market Sector panel. It was a record-breaking event. More than 200 of the top commercial real estate professionals working the Detroit market attended REjournals’ 8th annual Detroit Commercial […]

Posted By: Detroit Free Press on October 17, 2022.  For more information, please click here to read the source article. Justin Gaffrey and Bruce Baja of Signature Associates are handling the sale of this property.   Moro’s of Allen Park, an Italian eatery known for its tuxedoed servers, is up for sale, according to a listing on Loopnet.com. The […]

Posted By: DBUSINESS on October 10, 2022.  For more information, please click here to read the source article.   The Detroit Regional Partnership, or DRP, has fully launched its Verified Industrial Properties program to increase industrial site readiness throughout southeast Michigan. As part of the rollout, the DRP is offering incentives for partners to submit properties to an […]

Posted By: The Detroit News on October 12, 2022.  For more information, please click here to read the source article.   Detroit Mayor Mike Duggan said Wednesday the city is “about to land” a 500-job auto parts plant on the site of the former American Motors Corp. headquarters site on Plymouth Road on Detroit’s west side. “We are […]

Posted By: The Detroit News on September 28, 2022.  For more information, please click here to read the source article.   A decade ago, developers set out with plans to construct an office building on the corner of Woodward and Stinson in Midtown. After they scrapped those plans and pivoted to residential, Woodward West welcomed its first tenants […]

Posted By: The Detroit News on September 21, 2022.  For more information, please click here to read the source article.   About 100 political leaders and community members gathered Wednesday to celebrate the opening of a new office building downtown that will house Huntington Bancshares’s commercial banking headquarters. The 21-story Huntington Tower held hundreds of bank employees and […]

Posted By: The Detroit News on September 15, 2022.  For more information, please click here to read the source article.   As the North American International Auto Show makes its return to Detroit this week for the first time in more than three years, hotels, restaurants and retailers in the city’s central business district say they’re ready and […]

Posted By: The Detroit News on September 15, 2022.  For more information, please click here to read the source article.   Michigan is receiving a $104.6 million grant from the U.S. Department of Transportation toward its plans to eliminate the sunken I-375 freeway through Detroit and replace it with a lower-speed boulevard at city-street level. The grant is a […]

The 238,334 square foot investment property is located at 6501 Nevada.   DETROIT, MI — September 1, 2022 — Signature Associates is pleased to announce the sale of the 238,334 square foot industrial building located at 6501 Nevada in Detroit which is fully leased to long-term tenant, Lear Corporation. Joe Hamway and Greg Hudas of […]

Signature is honored to be named a Crain’s Detroit Business Cool Places to Work for the sixth year! Thank you to the coolest team for helping us earn us this recognition! Signature’s exceptional leadership and cool culture promotes long-term growth, loyalty, teamwork, and a lot of fun! Read our full write-up here: https://bit.ly/3pv5Lbi

Posted By: The Detroit News on August 1, 2022.  For more information, please click here to read the source article.   Majorel, a customer experience management company, announced Monday it has selected a location in downtown Detroit for its office space. The company’s office at 211 West Fort St., with space for up to 600 employees, is expected to open […]

Posted By: dbusiness on July 26, 2022.  For more information, please click here to read the source article.   Lockton, an insurance brokerage firm headquartered in Kansas City, has announced a new office in downtown Detroit designed to increase its footprint in the city and accommodate its growing team. Set in the heart of the historic Paradise Valley […]

Posted By: The Detroit News on July 25, 2022.  For more information, please click here to read the source article.   A new rendering of a multi-residential complex under construction on the site of the former Joe Louis Arena has been posted on online.  You can see it here. A single image on the site, 600associates.com, shows what […]

For those looking to build out new office space, it’s going to set you back much more this year than it did last year. A new report from JLL, a Chicago-based brokerage with an office in Royal Oak, says the cost of constructing new office space in metro Detroit has increased by double digits in […]

A few years ago, Butzel decided it had more office space than it needed in Oakland County and Detroit and wanted to downsize. Having gone digital, the law firm didn’t need a library or a place to store files. Then the COVID-19 pandemic hit the state in March 2020, forcing many businesses to shift staff to remote […]

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 […]

Out with the old, in with the new. That’s the theme behind a few demolition projects underway in the suburbs to make way for more than $300 million in new development across two very different sectors. In Birmingham, a handful of single-story buildings at the corner of Brown Street and Old Woodward Avenue have been […]

After nearly a year of running a cold-pressed juice shop in Grosse Pointe, Rachael Schroeder and her husband, Kevin, decided to expand their business, Rhythm & Blue Juice Co. They chose retail space at the Elton Park Corktown Apartments for their second location, which they opened in late January — another business betting on the […]

The city of Detroit has, by far, the most new industrial construction underway out of anywhere else in the region. Some 2.75 million square feet is in the ground, according to a fourth-quarter report from the local office of New York City-based brokerage house Newmark. That’s the future. But what about all of its industrial past? That’s the […]

The pandemic has not caused commercial landlords to lose their properties to foreclosure en masse like they did during the Great Recession. At least not yet. In spite of concerns about tenant rent payment early in the pandemic — including from restaurants, bars, gyms, apartment renters, office users and others — as government restrictions to stop the […]

The City of Detroit and Majorel, a customer experience management company, announced Thursday that the company will open an office in downtown Detroit. The move will create up to 500 jobs paying a minimum $17 an hour with benefits, according to the company. Majorel, which is based in Luxembourg and employs 69,000 people in 35 countries, according to its […]

Bedrock announced Tuesday that LM Manufacturing, a joint venture between Magna and LAN Manufacturing, will lease 296,000 square feet of manufacturing space on its Sakthi Industrial Campus to produce automotive seating. The project is expected to create 390 jobs. Bedrock said Tuesday the lease is its first major industrial development and highlights the ongoing demand for […]

Zoup! Eatery, a fast-casual soup concept based in Farmington Hills with locally owned and operated restaurants across the U.S. and Canada, has announced plans for an extensive expansion in Michigan in 2022. Markets it plans to expand to include Detroit, Ann Arbor, Lansing, and Grand Rapids. As part of the rollout, Zoup! Eatery is seeking qualified franchisee […]

Minneapolis-based The Opus Group, which has a subsidiary in Ann Arbor, is starting construction on a 275,401-square-foot industrial building on the site of the former Detroit Artillery Armory on Eight Mile Road in Oak Park. Prior to the start of construction, the originally planned speculative building has been fully leased to an undisclosed user. It […]

A $180 million plan to redevelop the former General Motors Transmission plant site in Warren is expected to bring 1.4 million-square feet of new industrial space and 600 jobs, according to the city. The Warren City Council will consider on Tuesday a brownfield plan for the 117-acre site at 23500 Mound. The owner, Missouri-based NorthPoint Development, […]

General Motors Co. and battery maker LG Energy Solution won tax incentives exceeding $824 million for up to $7 billion in new capital investment expanding GM’s EV and battery production in Michigan. The incentives include a first-of-its-kind $600 million direct taxpayer grant from the state of Michigan for GM and its partner that will subsidize the […]

Toledo City Councilman Theresa Gadus hopes the imminent auction of a long-troubled hotel in her district means a new beginning. “I think that the timing of it would be wonderful for the right purchaser,” Ms. Gadus said of the former Days Inn and Jill’s Bar and Grill near I-75 in East Toledo. “The momentum is […]

The Eastland Center site in Harper Woods is one step closer to a $94 million redevelopment after Michigan Economic Development Corp.’s Michigan Strategic Fund board approved Tuesday tax incentives for the project. The $4.7 million in brownfield tax credits were granted to Missouri-based NorthPoint Development, which plans to build three commercial light industrial buildings totaling […]

Signature Associates and Lino Realty are pleased to confirm the sale of The ICON, Detroit’s most iconic waterfront campus, to Bedrock. The ICON, located at 200 Walker Street, is a 420,000 square foot office/tech campus situated on 18.2 acres. The ICON, one of the city’s most visible properties situated along the International Detroit Riverfront, offers […]

Several years ago, the co-owner of a Birmingham pharmacy began very quietly assembling a slew of east Detroit riverfront properties. Using a Bad iPhone Password of a company name, 1111 LLC, Hany Boutros accumulated buildings and land on Franklin, Chene, East Jefferson, Guoin and Jos. Campau in 2015-16, in addition to properties downtown and near Brush Park. […]

Signature Associates is pleased to announce a new team members to its Industrial division, Chris Perkins. Chris specializes in industrial real estate with a focus on the I-75 corridor market. He began his real estate career with Signature Associates in November 2021 and is being mentored by some of the most successful brokers in the […]

Rail passengers traveling into and out of Detroit via Amtrak could see a new train station rise in the city’s New Center area in coming years. The Biden administration has announced a $10 million grant — money not connected to the recently passed $1.2 trillion infrastructure bill — to help fund the Michigan Department of Transportation’s longtime goal […]

A developer growing its industrial presence in Detroit plans to demolish the former American Motors Corp. headquarters site for a new development, likely for an automotive supplier, officials said.  Detroit Mayor Mike Duggan and other officials announced the $66 million redevelopment Thursday morning at the 2-million-square-foot abandoned AMC campus.  AMC took its headquarters to Southfield […]

Developers of The Mid, a more than $250 million mixed-use development along Woodward in Midtown, expect to begin construction in the second quarter of 2022, officials said Tuesday. The development on 3.8 acres at 3750 Woodward Ave., was originally slated to open in December 2020. Emery Matthews, one of the developers involved in the project, has previously cited the […]

Just Released:  Signature Associates | Q3 2021 Market Reports   Q3 2021 Industrial Report Q3 2021 Office Report   For more information, visit our Research page.

The city of Detroit plans to sell off its owned portion of the former Detroit House of Corrections site in Plymouth Township for $5.5 million. If all moves forward under the current plan, the 190.5-acre vacant site would be developed into a 1.2 million-square-foot build-to-suit building by an out-of-state developer that does work for FedEx […]

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 […]

Blink and you miss it. In the past week, nearly 800,000 square feet of office space across four well-known properties in Troy and Pontiac became available if you have the scratch. Toss in the Fisher Building and the former UAW-GM Center for Human Resources in Detroit for good measure, and you have six buildings over […]

Chris Webber, an NBA Hall-of-Famer, former University of Michigan basketball star and Detroit native, broke ground Tuesday on the first phase of an estimated $175 million cannabis-focused development in southwest Detroit. Webber, a 48-year-old cannabis investor, plans to run industry job training through his partnership with West Coast lifestyle brand Cookies, as well as grow cannabis at […]

Signature Associates in Southfield today announced it has been selected as the exclusive sale and leasing representative of The ICON riverfront office/tech campus in Detroit. The 420,00-square-foot ICON campus, located on 18.2 acres at 200 Walker St., is set along the Detroit River. Originally the UAW-GM Center for Human Resources, the facility opened in late […]

The ICON is a 420,000 sq. ft. world-class, multi-use campus on Detroit’s riverfront.   Signature Associates is pleased to announce the exclusive sale and leasing representation of The ICON in Detroit. This office/tech campus is comprised of an eight-story office tower, three-story conference center and three-story atrium lobby. The ICON is a multi-use campus ideal […]

After six years and more than $30 million in improvements, the owners of the Fisher Building have placed the historical landmark up for sale. The Platform, co-owners of the building, said Tuesday that it is the right time to find it a new owner. During six years of ownership, the firm said it has doubled […]

Great Lakes Coca-Cola Bottling is closing its Detroit facility by the end of the year as it consolidates operations with its Grand Rapids site, officials said Wednesday. Up to 131 employees at the plant are expected to lose their jobs. “After careful consideration, we made the difficult decision to consolidate our Detroit production operations into […]

Auto supplier Lear Corp. said Friday that it plans to set up a seat manufacturing operation with “hundreds” of new jobs at the location of the former Cadillac Stamping Plant on Detroit’s east side. The Southfield-based supplier would presumably be a tenant in the new $48 million, 684,000-square-foot manufacturing center that is planned for the 43-acre site at 9501 Conner St. The center is […]

Anyone who has cruised along Summit Street just north of downtown in recent years has noticed a change. The neighborhood has some new businesses, new plans for the riverfront, and a new energy. What it needs is a little boost from the city. Neighborhood leaders, including owners of some of those new bars and restaurants, […]

The Detroit City Council approved the sale of the R. Thornton Brodhead Naval Armory to the Parade Co. on Tuesday, paving the way for the nonprofit behind Detroit’s Thanksgiving Day parade to turn the long-vacant building into its new headquarters. At a meeting Tuesday the council approved amending the city’s Master Plan to make way for any redevelopment of the site […]

Bayview Yacht Club incorporated in 1919 during the time of the influenza pandemic. Over the last century, the private club on the east side of Detroit has held steady through its lowest points, which include a devastating fire, the Great Depression, the Great Recession and, so far, another global pandemic. But its greatest existential threat […]

Signature Associates is excited to be a part of this new development, for more information click here to see our listing. It was only in June that news was first revealed about a 16-story residential tower planned for Detroit’s Greektown neighborhood, the first new residential units in that area in decades. Now construction of the $64.6 million […]

The Gordie Howe International Bridge project remains on target to open by the end of 2024 despite the COVID-19 crisis that slowed construction, officials said Friday. The Windsor-Detroit Bridge Authority held an online community meeting via Facebook Live to give the public an annual update on the project. Plans for the project began in the fall […]

Signature Associates Inc. and UHY Detroit are taking the top floor in a vacant downtown Detroit office building. The commercial real estate firm and the accounting company are collectively leasing 7,500 square feet and moving people from their existing downtown locations into the Firm Real Estate-owned building at 230 E. Grand River Ave., the companies announced […]

After getting caught up in a federal investigation into union corruption, the training center along the Detroit riverfront jointly owned by General Motors Co. and the United Auto Workers has been sold to two developers and will be renamed “The Icon.” The sale of the 420,000-square-foot building on 18 acres at 200 Walker to a […]

Michigan has been ranked third in the country, and Detroit has been ranked first in the country for foreign direct investment projects, according to new rankings released by Site Selection magazine. The rankings are based on U.S. projects the magazine has tracked since 2015 that have had at least a share of involvement by a foreign-based firm. […]

GRAND RAPIDS, MI — The chain of HopCat restaurants has been sold to new owners some five months after the former owner, BarFly Ventures, filed for bankruptcy. Two investment firms — Congruent Investment Partners and Main Street Capital — teamed up to buy BarFly Ventures for $17.5 million. They created a new operating company, Project […]

Nearly half of Michigan retailers optimistically expect higher sales in the coming holiday shopping season. The expectations for holiday-season sales follow what the Michigan Retailers Association called a “large upswing” in retail sales in September from August. In a monthly survey by the MRA, 51 percent of retailers reported increased sales for September from the prior month. […]

The Kroger Co. is spending $95 million to build an automated customer fulfillment center in Romulus that would create 270 jobs. The Michigan Strategic Fund board on Tuesday awarded $1.6 million in a Michigan Business Development Program grant to support the project. The planned 130,000-square-foot facility at 15675 Wahrman Road will prepare and ship grocery […]

The Joe Vicari Restaurant Group in Warren today announced the addition of three new restaurants to its portfolio — The Hill Seafood & Chop House in Grosse Pointe Farms, Triple Nickle in Birmingham, and Buc’eez Pub in Macomb Township. The restaurant group, led by Joe and Rosalie Vicari, is best known for its Andiamo and […]

The historic and longstanding Majestic Theatre complex has been listed for sale on Loopnet.com. The listing doesn’t disclose an asking price for the acre-sized landmark, which includes the recently renovated Majestic Theatre, Garden Bowl bowling alley, upstairs music club the Magic Stick and Sgt. Pepperoni’s Pizzeria inside the Garden Bowl. When reached by phone Monday morning, owner […]

The City of Detroit’s Housing and Revitalization Department (HRD) and the Detroit Economic Growth Corp. (DEGC) today announced they are seeking proposals from qualified development teams for two sites in the Eastern Market District. The first property is nearly 1-acre of vacant land at 1923 Division St., on the northeast corner of the Dequindre Cut […]

The former Lincoln Motor Co. headquarters in the Northwest Goldberg neighborhood of Detroit will be made into a mixed-use, mixed-income development. This project and more were approved by the Michigan Strategic Fund on Tuesday, according to the Michigan Economic Development Corp. “Today’s MSF approvals demonstrate the significant role we play in restoring Michigan’s economic recovery, […]

State and City of Detroit officials have approved $6.1 million in economic development incentives to turn a 13-story residential hotel in downtown that recently housed lower and moderate-income tenants into an upscale Hilton hotel. The development group, Downtown Hospitality Detroit LLC, is planning a $50-million overhaul of the old Park Avenue House, 2305 Park Ave., to turn it […]

The city of Detroit plans to sell 142 acres at the site of the former Michigan State Fairgrounds near the southeast corner of Woodward and Eight Mile Road in Detroit. The proposed deal would bring a 3.8 million square foot facility with more than 1,200 new full-time jobs. The development is slated for completion in […]

A longtime Detroit area developer is planning a 350-unit apartment complex on a key site across from the Whole Foods Inc. grocery store in the city’s Midtown neighborhood. Jonathan Holtzman, the co-founder and CEO of Farmington Hills-based City Club Apartments LLC, is proposing the three-building project as part of a broader 7-acre site at the […]

An abandoned historic structure will be redeveloped in Detroit’s Hubbard Farms neighborhood in Mexicantown as part of the city’s Strategic Neighborhood Fund initiative. The Murray – Hubbard Farms is located at 4004 Porter St. near Clark Park. It will undergo a total renovation to become 12 units of modern, efficient housing across 16,404 square feet. […]

The lights are still off at Central Kitchen + Bar in the First National Building.  Next door, the Roasting Plant coffee shop facing the usually bustling Campus Martius park also remains shuttered. That’s largely because the primary customer base of both trendy establishments is still encamped at home, where they’ve been running some of Michigan’s […]

A diverse lineup of businesses will make a home at Complex444, an upcoming development next door to Detroit Shipping Co. in Cass Corridor, which will be owned by Peterboro Investment LLC with partners including Detroit Rising Development. The latter development and construction management group on Tuesday announced the retail and office collective’s first four tenants. […]

SOUTHFIELD, MICHIGAN—May 19, 2020— Signature Associates has negotiated the lease of 3,121 square feet of office space located at 6200 Second Avenue, Detroit, Michigan.   Angela Thomas, Erica Dunlap, and Nicole Voisard of the ÆRES Team of Signature Associates represented both the landlord, New Amsterdam Activation, LLC, and the tenant, MILO Detroit, Inc., a full-service […]

Help from entities big and small is making its way to Main Street businesses across Michigan. Beyond the federal $2 trillion stimulus plan signed late last week, the state, Southeast Michigan municipalities and entrepreneurial support entities are pushing forward with their own programs aimed to throw a lifeline to small businesses. Michigan’s economic performance had already been […]

The city of Detroit’s General Services Department, Parks and Recreation Division is seeking public and private partners to help revitalize and activate Historic Fort Wayne, which sits in the city’s Delray neighborhood. The goal is to make it a high-visibility location adjacent to the future site of the Gordie Howe International Bridge entrance. Partners can […]

General Motors Co. in Detroit today announced a $2.2 billion investment in its Detroit-Hamtramck assembly plant to produce all-electric trucks and SUVs. The plant will be the company’s first fully dedicated electric vehicle assembly plant. Renovations are expected to begin at the end of February. GM’s first all-electric truck will be a pickup with production […]

SOUTHFIELD, MICHIGAN—December 10, 2019— Signature Associates has been awarded the representation of 75,206 square feet of office space located at 1155 & 1333 Brewery Park Boulevard, Detroit, Michigan. This is a premier office campus located in the heart of Downtown Detroit and just steps away from Eastern Market. The one-of-a-kind site is also easily accessed […]

The Detroit Athletic Club is looking into an expansion downtown. What precisely that will include will be hashed out in the next eight to 10 months as Detroit-based architecture and planning firm Rossetti Associates Inc. comes up with a new master plan. That process is expected to begin next month. In an article in its […]

Real estate is always in the news. Whether it’s shops and restaurants in Detroit’s Midtown district, new skyscrapers downtown, or the rising cost of condos everywhere, real estate makes headlines. Industrial real estate, by contrast, rarely gets into the news but for the biggest and most controversial projects. To cite one: Fiat Chrysler’s plan for […]

Mopec, a Michigan-based laboratory equipment provider, plans to move into new industrial and office space in the Detroit area next year. The company leased the 63,470-square-foot 800 Tech Row, an industrial property that includes 21,568 square feet of office space, according to Gary Stephens with Signature Associates, which represented the landlord in the deal. The deal was […]

The city is seeking proposals from developers to revitalize a vacant, city-owned commercial property in the Cass Park neighborhood. The .86-acre site at Third and Charlotte sits along a major gateway between the city’s central business district and greater Midtown. It’s a short distance to venues including the Masonic Temple, Little Caesars Arena, Comerica Park and Fox Theatre. […]

California’s Motiv Power Systems, a supplier of all-electric medium-duty chassis for buses and trucks, has secured $60 million in equity funding to open a new engineering and manufacturing facility in Detroit. The Series B round of investment was led by investors GMAG Holdings Corp. and Winnebago Industries and will support the overall growth of the […]

SOUTHFIELD, MICHIGAN—October 21, 2019— Signature Associates has been awarded the representation of 3,000 square feet of office space located at 6200 Second Avenue, Detroit, Michigan. This listing is located directly across from the new Henry Ford Detroit Pistons Performance Center. The building is three stories with a modern feel, complete with high ceilings and large […]

SOUTHFIELD, MICHIGAN—September 19, 2019— Signature Associates has negotiated the lease of 10,070 square feet of office space located at 7700 Second Avenue, Detroit, Michigan.   Chris Secontine of Signature Associates represented the tenant, American Federation of State, County and Municipal Employees, Council 25 (AFSCME). AFSCME is relocating from 600 W. Lafayette in Detroit after selling […]

Opportunity Zone investments are getting a foothold in Detroit. In the city, the neighborhoods the most replete with investment — downtown, Midtown, New Center, Corktown, Eastern Market, the Detroit riverfront and others — are squarely in Opportunity Zones, the official name of areas that has become sort of a catch-all term to refer to a […]

Signature is proud to be playing a part in this great project!   Detroit’s Method Development has broken ground on a $1.8-million project in Detroit’s Brush Park that will rehabilitate a mansion dating back to 1911. Originally a two-family home, the house will be turned into eight apartments expected to be complete by summer 2020. […]

Bedrock plans to bring the iconic Book Tower back to life with a mix of residential, hotel, retail and office space. New York-based architect ODA was chosen from among 10 firms to lead the design effort in restoring the nearly 500,000-square-foot Washington Boulevard structure originally built in 1916. “We selected them because they have quite a few projects around […]

Co-working space giant WeWork LLC expects to double its Detroit footprint by opening its largest location to date, in the TechTown area of Midtown. The New York City-based company, whose parent is We Co., has signed a lease for more than 91,000 square feet at 6001 Cass Ave. at York Street, Dan Austin, a spokesman […]

Not one, not two, not three, but four — count ’em — four new dining and drinking concepts will call the top of the Renaissance Center’s central tower on Detroit’s riverfront home come November. James Beard Award-winning celebrity chef Shawn McClain, best known for his work in Chicago and more recently Las Vegas, offered the first details since […]

The city of Detroit is considering a plan that would transform the underused Coleman A. Young International Airport property for somewhere more than $100 million. A report by city contractor Avion Solutions Group LLC obtained by Crain’s describes a series of proposals the city wants to further explore that are aimed at making the airport that has […]

An automotive supplier that builds interior components, suspensions and grilles for major automakers is planning to open a 600,000-square-foot factory on the site of the vacant Kettering High School on Detroit’s east side, three miles from where Fiat Chrysler Automobiles plans to build the city’s first new automotive plant in nearly three decades. Michigan-based supplier […]

America is walking again. Where are the most pedestrian-friendly economic centers in the U.S. and what’s behind their robust growth? No. 3—a surprise in the 2016 but it continues to be there—is Detroit!   The most walkable urban place in America is … New York. That may not be a big surprise, but the other […]

An Italian automotive supplier plans to build a new manufacturing plant in Detroit. Tiberina Group, a supplier of body-in-white and metal stampings for the auto industry, acquired 10 acres of land at the former American Axle & Manufacturing Holdings site on Holbrook Drive on the city’s border with Hamtramck. Tiberina purchased the land from Cleveland-based […]

Google’s self-driving affiliate Waymo LLC will repurpose a former American Axle plant in the city to install fully autonomous vehicle hardware and software into cars, the Alphabet Inc. subsidiary said Tuesday. The move is another signal that next-generation auto manufacturing is continuing to grow in Michigan — and that Detroit possesses the knowledge and the capabilities valued in an auto industry likely to […]

Here’s the dilemma facing Detroit’s Eastern Market. With real estate values and rents rising rapidly in and around Eastern Market, long-time retailers find they can cash out and retire. And owners new and old have more money available now to upgrade their century-old buildings. But that same rapid escalation of property values means long-time retail and […]

Farmers Restaurant Inc., a longtime Eastern Market staple, has closed following the sale of its building to landlord Sanford Nelson. Nelson told Crain’s on Wednesday morning that he finalized the purchase of four buildings in the city’s food district on Tuesday for an undisclosed price. He said he plans renovations of all four properties.  He said he […]

City officials have just 60 days to acquire 200 acres of land and secure City Council approval to pave the way for Fiat Chrysler Automobiles NV to open Detroit’s first new assembly plant in nearly three decades. The automaker confirmed plans Tuesday to revive a previously idled engine plant on the city’s east side as part of a $4.5 […]

The city of Detroit plans to sell the long-vacant Lee Plaza to a joint venture that will redevelop the historic building into 180 residential units and retail. The city announced Thursday that it has asked the Detroit City Council to approve the sale of the 1.7-acre site at 2240 W. Grand Boulevard for $350,000 to development partnership […]

Detroit is finalizing plans to revamp seven business corridors across the city this spring as part of a $125 million campaign to breathe life into its neighborhoods. A request for proposals for the projects will be released later this month. Dozens of city blocks, from the Livernois “Avenue of Fashion” to the heart of Mexicantown, […]

Commercial property values in Detroit rose 35 percent between 2017 and 2018 after the city completed its first citywide reassessment of commercial buildings in decades, Mayor Mike Duggan said Tuesday. The overall value of commercial property in Detroit rose $2.96 billion to more than $4.5 billion, according to data from the city assessor’s office. Industrial […]