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Detroit Business News

At Strategy Properties, we have invested heavily into the Metropolitan Detroit Real Estate market because we believe in the resurgence of this great city, and have witnessed the revival of urban neighborhoods first hand. We invite our clients to learn about the Detroit Real Estate Market before delving into a investment.

We do our best to stay up to date on current news trends and work to convey the most relevant stories to our clients. It seems like every day there is a new skyscraper that has been rehabbed and reutilized by a startup in the city, or a community that has come together to provide selfless service to a neighbor. From cultural events, to business gatherings, this is the page to find the hottest stories trending in Metro Detroit.

We work to bring you news stories that highlight the potential (and realtime growth) of the Real Estate Market in Metro Detroit. The resilience of the City that does not give up is truly inspiring. Local leaders are making history by improving upon the strong foundation of a community that has refused to crumble under pressure. The future has never looked brighter!

Check our featured stories from local news outlets below. If you are interested in learning about the important issues that property investors will face, check out our blog!

A CASTLE-THEMED COMMUNITY IN GRAND RAPIDS, MICHIGAN RECEIVES A $48 MILLION LOAN

The Grand Castle Apartments is a class A multifamily complex located in a suburb in Grand Rapids, Michigan which houses almost 522 rental units. The castle-themed complex was developed by Roger Lucas of Land & Co and takes inspiration from the German Neuschwanstein Castle. The proposal was started by none other than Walker & Dunlop Vice President Benjy Krosin along with Kari Zapolski of …

FORMER WAYNE COUNTY JAIL TO BE CONVERTED INTO A $300 MILLION DETROIT CENTER FOR INNOVATION PROJECT

A Detroit Center for Innovation is planned for the east edge of downtown Detroit. The planned project will hold a multitude of programs for graduate and senior-level graduate students that hope to pursue degrees in high-tech research, mobility, artificial intelligence, data science, entrepreneurship, sustainability, cybersecurity, financial security and the like.  The project will be spearheaded by the University of Michigan, the nation’s leading public …

LOCAL RESIDENTS CAN BECOME HOMEOWNERS WITH JUST $1,000 IN THEIR POCKET

For those who’re new to Detroit and hoping to buy a home, you can buy one for as low as $1,000 through DLBA (Detroit Land Bank Authority) auctions. Founded in 2008, the Land Bank hopes to convert run-down vacant properties to productive use. Ever since then, they’ve been auctioning off thousands of properties through its public platform. Anyone who successfully bids on a property …

MICHIGAN’S NEW HOPE AGAINST LEAD EXPOSURE

The HUD has been awarded over $15.2 million across the state of Michigan – all for the fight against lead exposure. In southwest Detroit, one area has been granted a $9.7 million grant to fight lead exposure in homes. The “Opportunity Zone” in question is zip code 48209 due to its high percentage of old housing stock, poverty rate, and low income communities.  “We …

FAMILIES CAN AFFORD DETROIT HOMES AT 89.8% LOWER PRICES COMPARED TO SAN FRANCISCO

A Redfin report claims that the minimum suggested yearly income to afford a median priced home in Detroit would be $26,690 ranking it first in affordable homes in the U.S. for the middle class. This is essentially less than half of the median household income which is at $56,339. This number is way below the numbers shown by other states in the country. In …

CORKTOWN’S ELTON PARK ENTERS THE FIRST PHASE OF ITS $150 MILLION DEVELOPMENT

Soave Real Estate Group together with Mayor Mike Duggan celebrated the opening of Cortktown’s 151-unit residential unit consisting of six apartment buildings in a 11,400 square footage.   “What had been for years a sea of parking lots and a large vacant building is now a beautiful new residential anchor and public space in Detroit’s oldest neighborhood,” states Mayor Mike Duggan. As the former Checker …

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