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In reply to the discussion: all I can tell you about Detroit is those complaining have never worked there [View all]HiPointDem
(20,729 posts)86. you don't seem to know much about detroit for someone who supposedly lives there.
The Grosse Pointe Woods investor has quietly spent two decades amassing 1,152 parcels in Detroit, city records show. Most are barren lots and empty buildings picked up for $500 or so apiece at tax foreclosure sales. The city says many are so dilapidated that Kelly's firms owe $100,000 from 139 blight violations since 2005.
Williams called Kelly a "scavenger" who preys on the "carrion" of Detroit, but the city soon may have no choice but to do business with him and other speculators. Kelly's companies have land in every corner, uniquely positioning him to be a player or impediment that could drive up the price of land in Mayor Dave Bing's Detroit Works Project to reshape the city.
Kelly is far from alone. A Detroit News investigation found more than 5,000 city parcels are owned by 10 private landowners and their companies.
http://www.detroitnews.com/article/20110203/METRO01/102030395
Staten Islanders Are Buying Up Cheap Detroit Property
S.I. Devel. Co. LLC swooped into Detroit in 2011 and bought a ton of properties from Wayne County that were in foreclosure as well as properties from private owners. A quick (not entirely comprehensive) search indicates that they owe at least $25,000 in back taxes all told and $6,606 on the Saint Rita alone. But if you are feeling generous, you can take into account they have not owned many of these places for a whole year yet and may not have gotten the chance to take care of those bills.
http://detroit.curbed.com/archives/2012/03/the-staten-islanders-buying-up-detroit-property.php
Rock Ventures Z-shaped parking garage and retail
Rock Ventures, headed by Quicken Loans Founder Dan Gilbert, is building a 535,000-square-foot, Z-shaped parking garage and retail development that will zig zag from the corner of Broadway and East Grand River to the corner of Gratiot and Library. About 33,000 square feet will be dedicated to street-level retail. He reiterated that while there is interest from major national retailers, he wants development to be calculated and "done right." The Z-shaped project is scheduled to be complete in December 2013. In 2012, Rock Ventures acquired eight buildings totaling 630,000 square feet of commercial space, including five just before the end of the year. The latest purchases, including a residential building, bring Rock Ventures downtown Detroit real estate investments to 15 buildings totaling 2.6 million square feet of commercial space, and three parking structures for a combined 3,500 parking spaces.
The David Whitney Building
The Broderick Tower and The Auburn were seen as two successful developments in Downtown and Midtown, respectively - two areas where demand for housing has not been able to keep pace with development.
Former Michigan State University and Los Angeles Lakers basketball star Earvin "Magic" Johnson, former Detroit Deputy Fire Commissioner Marvin Beatty and Joel Ferguson have submitted redevelopment plans for the 162-acre former state fairgrounds property to the state Land Bank Fast Track Authority. The trio's plans, which are now subject to state and local boards' approval, call for 500,000 square feet of retail and housing at the site...
http://www.mlive.com/business/detroit/index.ssf/2013/01/developing_detroit_five_major.html
http://www.mlive.com/business/detroit/index.ssf/2013/01/developing_detroit_five_major.html
Whole Foods Detroit Store Opening In Midtown On June 5
The upscale store specializing in natural foods broke ground in May of last year, with some help from the city -- Whole Foods has received $4.2 million in tax credits and incentives. They're also look for people to stock the shelves, about 75 new employees in all.
Though the Whole Foods opening has been cause for excitement among some Detroiters looking for additional food buying options, it's not the only grocery store to open lately. Independent grocer Ye Olde Butcher Shoppe opened last year, nearby on Woodward Avenue, and two Meijer stores are in development within city limits.
http://www.huffingtonpost.com/2013/03/01/whole-foods-detroit-store_n_2788935.html
Gilbert Buys Woodward Avenue's Brick-Hurling Vinton Building
Detroit Monopoly master Dan Gilbert has struck again! His latest acquisition is the Albert Kahn-designed Vinton Building, located just south of the First National Building (which he also owns). Featuring Woodward Avenue retail frontage on the bottom and residential space above, the Vinton is exactly what Gilbert is shopping for...
http://detroit.curbed.com/
Gilbert and Friends Unveiling a Big Retail Secret on Thursday
Details are sparse, but it would appear as though Dan Gilbert is convening a meeting/gathering at the City Theatre this Thursday focusing on "Woodward Corridor Place-making and Retail Strategy." The guest list features several big players in new Detroit development, including Detroit Economic Growth Corporation prez George Jackson. Crain's is hearing that it's an unveiling of "Plans for a creative and distinctly Detroit development of Woodward Avenue retail and the activation of public spaces, sidewalks and streets along the corridor."
http://detroit.curbed.com/
"Emerging!": Forbes Throws Downtown Detroit a Bone
Just after labeling Detroit "America's most miserable city," good ol' Forbes is here again to arbitrarily rank the city using the same old stock photographs. This time, at least, we land on the positive side of things: Downtown Detroit is now officially one of America's top 15 "emerging" downtowns! Champagne! Downtown Detroit won its spot on the list by increasing its population of 29- to 34-year-olds by 59% between 2000 and 2010...
http://detroit.curbed.com/archives/2013/03/emerging-forbes-throws-downtown-detroit-a-bone.php
Who do you think all these big shots are building retail space for, & why do you think all these folks are buying up property?
You're clueless or worse.
Williams called Kelly a "scavenger" who preys on the "carrion" of Detroit, but the city soon may have no choice but to do business with him and other speculators. Kelly's companies have land in every corner, uniquely positioning him to be a player or impediment that could drive up the price of land in Mayor Dave Bing's Detroit Works Project to reshape the city.
Kelly is far from alone. A Detroit News investigation found more than 5,000 city parcels are owned by 10 private landowners and their companies.
http://www.detroitnews.com/article/20110203/METRO01/102030395
Staten Islanders Are Buying Up Cheap Detroit Property
S.I. Devel. Co. LLC swooped into Detroit in 2011 and bought a ton of properties from Wayne County that were in foreclosure as well as properties from private owners. A quick (not entirely comprehensive) search indicates that they owe at least $25,000 in back taxes all told and $6,606 on the Saint Rita alone. But if you are feeling generous, you can take into account they have not owned many of these places for a whole year yet and may not have gotten the chance to take care of those bills.
http://detroit.curbed.com/archives/2012/03/the-staten-islanders-buying-up-detroit-property.php
Rock Ventures Z-shaped parking garage and retail
Rock Ventures, headed by Quicken Loans Founder Dan Gilbert, is building a 535,000-square-foot, Z-shaped parking garage and retail development that will zig zag from the corner of Broadway and East Grand River to the corner of Gratiot and Library. About 33,000 square feet will be dedicated to street-level retail. He reiterated that while there is interest from major national retailers, he wants development to be calculated and "done right." The Z-shaped project is scheduled to be complete in December 2013. In 2012, Rock Ventures acquired eight buildings totaling 630,000 square feet of commercial space, including five just before the end of the year. The latest purchases, including a residential building, bring Rock Ventures downtown Detroit real estate investments to 15 buildings totaling 2.6 million square feet of commercial space, and three parking structures for a combined 3,500 parking spaces.
The David Whitney Building
The Broderick Tower and The Auburn were seen as two successful developments in Downtown and Midtown, respectively - two areas where demand for housing has not been able to keep pace with development.
Former Michigan State University and Los Angeles Lakers basketball star Earvin "Magic" Johnson, former Detroit Deputy Fire Commissioner Marvin Beatty and Joel Ferguson have submitted redevelopment plans for the 162-acre former state fairgrounds property to the state Land Bank Fast Track Authority. The trio's plans, which are now subject to state and local boards' approval, call for 500,000 square feet of retail and housing at the site...
http://www.mlive.com/business/detroit/index.ssf/2013/01/developing_detroit_five_major.html
http://www.mlive.com/business/detroit/index.ssf/2013/01/developing_detroit_five_major.html
Whole Foods Detroit Store Opening In Midtown On June 5
The upscale store specializing in natural foods broke ground in May of last year, with some help from the city -- Whole Foods has received $4.2 million in tax credits and incentives. They're also look for people to stock the shelves, about 75 new employees in all.
Though the Whole Foods opening has been cause for excitement among some Detroiters looking for additional food buying options, it's not the only grocery store to open lately. Independent grocer Ye Olde Butcher Shoppe opened last year, nearby on Woodward Avenue, and two Meijer stores are in development within city limits.
http://www.huffingtonpost.com/2013/03/01/whole-foods-detroit-store_n_2788935.html
Gilbert Buys Woodward Avenue's Brick-Hurling Vinton Building
Detroit Monopoly master Dan Gilbert has struck again! His latest acquisition is the Albert Kahn-designed Vinton Building, located just south of the First National Building (which he also owns). Featuring Woodward Avenue retail frontage on the bottom and residential space above, the Vinton is exactly what Gilbert is shopping for...
http://detroit.curbed.com/
Gilbert and Friends Unveiling a Big Retail Secret on Thursday
Details are sparse, but it would appear as though Dan Gilbert is convening a meeting/gathering at the City Theatre this Thursday focusing on "Woodward Corridor Place-making and Retail Strategy." The guest list features several big players in new Detroit development, including Detroit Economic Growth Corporation prez George Jackson. Crain's is hearing that it's an unveiling of "Plans for a creative and distinctly Detroit development of Woodward Avenue retail and the activation of public spaces, sidewalks and streets along the corridor."
http://detroit.curbed.com/
"Emerging!": Forbes Throws Downtown Detroit a Bone
Just after labeling Detroit "America's most miserable city," good ol' Forbes is here again to arbitrarily rank the city using the same old stock photographs. This time, at least, we land on the positive side of things: Downtown Detroit is now officially one of America's top 15 "emerging" downtowns! Champagne! Downtown Detroit won its spot on the list by increasing its population of 29- to 34-year-olds by 59% between 2000 and 2010...
http://detroit.curbed.com/archives/2013/03/emerging-forbes-throws-downtown-detroit-a-bone.php
Who do you think all these big shots are building retail space for, & why do you think all these folks are buying up property?
You're clueless or worse.
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all I can tell you about Detroit is those complaining have never worked there [View all]
backwoodsbob
Mar 2013
OP
Part of the problem is that today you can only vote for the corrupt machine politicos.
aristocles
Mar 2013
#3
If the property wasn't owned free & clear, the BANK owns it after a foreclosure. And BANKS, BIG
HiPointDem
Mar 2013
#80
Multinational banks are the biggest non-payers of taxes in Detroit. The same banks who made
HiPointDem
Mar 2013
#94
the finance sector didn't lose. and the banks got bailed out. see how that works?
HiPointDem
Mar 2013
#104
What does that have to do with the decision to walk away from the properties?
badtoworse
Mar 2013
#105
the entire *point* of stealing other people's property is to make it available cheap for your peeps.
HiPointDem
Mar 2013
#106
hell, why not appoint an emergency manager to run the whole country, since emergency managers
HiPointDem
Mar 2013
#117
Um, yes, yes you can. There is a Supreme Court case going on about it right now.
IdaBriggs
Mar 2013
#47
you don't seem to know much about detroit for someone who supposedly lives there.
HiPointDem
Mar 2013
#86
you made the claim they can't *give* property away in detroit. it's false. no, you don't live in
HiPointDem
Mar 2013
#88
BTW, your personal attacks really suck. Let people discuss this matter without subjecting
Romulox
Mar 2013
#64
Because taking away the right of citizens to vote at all is exactly analogous to citizens *voting*
HiPointDem
Mar 2013
#84
the average citizen of detroit is in the minority? or the majority of detroiters are criminals who
HiPointDem
Mar 2013
#91
I didn't call you a fascist, Ida. And nothing you have said has anything to do with the point
HiPointDem
Mar 2013
#97
Detroit's schools have been under some form of state control almost continuously since 1999.
HiPointDem
Mar 2013
#74
Thanks for your posts, bob. The majority posting here doesn't give a fuck about Detroit.
Romulox
Mar 2013
#61
That's going to happen. Either with EFM or in Bankruptcy Court. Detroit is unsustainable.
Romulox
Mar 2013
#75
Wow...Promoting Fascism on DU. I am amazed something I thought I'd would not see.
Katashi_itto
Mar 2013
#95
I know what I am about to say will be ignored, but Detroit's problems are not from corruption ...
kwassa
Mar 2013
#110