Detroit’s $200 Million Development Is Underway.

The District Detroit recently announced $200 million worth of investment. This is the second phase of its development. It aims to restore historic buildings and construct new mixed-use buildings near Little Caesars Arena. The said investment will offer more than 70,000 square feet of retail space and 400,000 square feet of office space.

[bctt tweet=”The $200 million development will create more jobs and business opportunities, will bring in more tenants, and will continue the momentum of the City of Detroit’s resurgence. ” username=”StrategyProps”].

This will create more jobs and business opportunities, will bring in more tenants, and will continue the momentum of the City of Detroit’s resurgence. This will also give a big boost in its economy, according to the President and CEO of Ilitch Holdings,  Christopher Ilitch.

The District Detroit also mentioned ongoing feasibility studies on redevelopment into residential and retail space and for more hotel and entertainment developments.

Urban Development Conference

Real estate industry professionals from around the world gathered in Detroit for the Urban Land Institute’s annual Spring Meeting this May 1 to 3, 2018. This event is the first major ULI assembly in Detroit, in 40 years. It will cover responsible land use, urban reinvention, the latest trends in real estate, and Detroit’s most recent developments, such as the Little Caesars Arena.

Little Ceasars Arena Photo courtesy of The District Detroit

Major speakers are Christopher Ilitch, president and CEO of Ilitch Holdings, Inc., Dan Gilbert, founder of Bedrock Detroit and Quicken Loans, and Robert S. Taubman; chairman, president and CEO at The Taubman Company.

Real Estate Investments

With the fast growing developments in the Detroit area and with the influx of people, many are now becoming interested in real estate investments. However, most doesn’t have much time to spare in going through the process of acquiring a property. Thus, making turnkey investments an attractive option. Detroit turnkey investments  are great for investors who live outside the area and for beginner investors who are not sure on how to go about the process. To know more about Detroit Turnkey Investments feel free to contact (734) 224-5454 or info@strategyproperties.com.

References:

Six Major Projects to Launch Phase Two of Development in the District Detroit

Leading Urban Development Conference Arrives to Experience Detroits Resurgence