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About / News / Eastern Market

Developers pledge to keep Eastern Market’s identity even as prices rise

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 closes following Eastern Market property sale

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 […]


Nelson father-son duo plans to maintain Eastern Market’s identity

Sanford Nelson has had a two-year crash course in Detroit commercial real estate, with the result being a 142,500-square-foot Eastern Market portfolio quietly acquired over the last 18 months. Son of millionaire serial entrepreneur Linden Nelson, the 29-year-old has his eyes set on a $20 million effort to buy and improve no fewer than 11 […]


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