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HiPointDem

(20,729 posts)
86. you don't seem to know much about detroit for someone who supposedly lives there.
Tue Mar 26, 2013, 11:57 PM
Mar 2013
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.
I agree with you. aristocles Mar 2013 #1
Ok well I currently live in Detroit now! michello Mar 2013 #2
Part of the problem is that today you can only vote for the corrupt machine politicos. aristocles Mar 2013 #3
why should a company pay taxes on a company they have abandoned? backwoodsbob Mar 2013 #4
The company needs to pay tax theKed Mar 2013 #5
If you don't pay taxes, the property is foreclosed upon. badtoworse Mar 2013 #6
If the property wasn't owned free & clear, the BANK owns it after a foreclosure. And BANKS, BIG HiPointDem Mar 2013 #80
Same end result - the city winds up owning the property... badtoworse Mar 2013 #93
Multinational banks are the biggest non-payers of taxes in Detroit. The same banks who made HiPointDem Mar 2013 #94
That makes no sense as a business strategy badtoworse Mar 2013 #98
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
Not just corporations EC Mar 2013 #7
Those are some of the corporations I mean theKed Mar 2013 #10
Property taxes follow the house, not the owner notadmblnd Mar 2013 #28
The bank walks away without EC Mar 2013 #34
if the banks don't pay, the property goes to the city notadmblnd Mar 2013 #42
I wondered if many of these properties had EC Mar 2013 #58
Big banks are the biggest non-payers of property taxes in Detroit. HiPointDem Mar 2013 #81
Thank you! michello Mar 2013 #8
"quit looking for a handout and start looking at it's problems" Union Scribe Mar 2013 #52
Good for you, michello navarth Mar 2013 #69
Thanks for the first-hand experience (nt) Nye Bevan Mar 2013 #9
Detroit is a disaster and it was made by the people running things. IdaBriggs Mar 2013 #11
That is so sad. YarnAddict Mar 2013 #78
It is sad, but you can't just fix up one house on a street and IdaBriggs Mar 2013 #102
It isn't right YarnAddict Mar 2013 #108
There should be a Habitat for Humanity-type YarnAddict Mar 2013 #111
The biggest property tax non-payers are BANKS. BIG BANKS. HiPointDem Mar 2013 #79
Lol, michello Mar 2013 #12
DUzy!! KamaAina Mar 2013 #29
Hey Kama Aina! michello Mar 2013 #33
You got it! KamaAina Mar 2013 #37
You are simply AWESOME! trixie Mar 2013 #32
hell, why not appoint an emergency manager to run the whole country, since emergency managers HiPointDem Mar 2013 #117
how dare you backwoodsbob Puzzledtraveller Mar 2013 #13
It is now official: DU is arguing Facism versus Democracy. ieoeja Mar 2013 #14
It's rather remarkable, isn't it?? myrna minx Mar 2013 #15
How about when Democracy gets in the way of basic government? Recursion Mar 2013 #16
Post removed Post removed Mar 2013 #17
I am sure he will get the trains running on time. n/t ieoeja Mar 2013 #21
Careful...creeping Godwinism! aristocles Mar 2013 #22
It's not paranoia when people really are out to get you. ieoeja Mar 2013 #25
If city workers have taken bribes Bay Boy Mar 2013 #54
Sorry, can't find your definition of fascism in any dictionary. n/t aristocles Mar 2013 #18
Websters. Javaman Mar 2013 #60
it has nothing to do with fascism backwoodsbob Mar 2013 #40
The infant mortality rate due to the food desert issue alone is staggering. IdaBriggs Mar 2013 #43
Yeah last time I was in Detroit I took took the family there backwoodsbob Mar 2013 #45
You are incorrect in multiple ways navarth Mar 2013 #68
The Honey Bee on Bagley is a great grocery. FarCenter Mar 2013 #83
I DO love that city backwoodsbob Mar 2013 #103
I just mentioned Whole Foods as one example navarth Mar 2013 #107
I go to Sindbads often 1gobluedem Mar 2013 #82
It's the 1940 Chophouse, Bob superpatriotman Mar 2013 #121
Your history is a bit mangled caraher Mar 2013 #122
Yep. Union Scribe Mar 2013 #48
agreed La Lioness Priyanka Mar 2013 #49
This site is still michello Mar 2013 #19
It will end up being a land grab for the rich. nt Snotcicles Mar 2013 #20
What land.... WCGreen Mar 2013 #30
Without doubt etherealtruth Mar 2013 #39
I think that is the whole plan putitinD Mar 2013 #77
Does the average resident know what a nightmare the city is to deal with? dkf Mar 2013 #23
I have plenty of leftist Detroiters on my Facebook list. Starry Messenger Mar 2013 #24
With all the problems real or imagines nadinbrzezinski Mar 2013 #26
If your elected leaders are bad gollygee Mar 2013 #27
Have you ever heard of Block Busting? Redlining? NWHarkness Mar 2013 #31
Sadly it's been ignored by Bay Boy Mar 2013 #57
Yeah, I'm not shedding any tears for Detroit. NaturalHigh Mar 2013 #35
So that means they are beyond redemption? Blue_Tires Mar 2013 #62
Thanks for your constructive input navarth Mar 2013 #70
Detroit is definitely "F"ed up etherealtruth Mar 2013 #36
Is it much worse than South Carolina? bluestate10 Mar 2013 #109
California also has lots of rules, regulations and red tape KamaAina Mar 2013 #38
It's not democratic, but it's not fascism. BlueCheese Mar 2013 #41
Post removed Post removed Mar 2013 #44
You don't get to take democracy away Union Scribe Mar 2013 #46
Um, yes, yes you can. There is a Supreme Court case going on about it right now. IdaBriggs Mar 2013 #47
Yeah, use that as an excuse to destroy voters' rights Union Scribe Mar 2013 #50
NOTHING is being privatized that I am aware of -- and your ignorance IdaBriggs Mar 2013 #53
Yes I DO have a kneejerk reaction against Republican disaster capitalism Union Scribe Mar 2013 #56
The previous governor was a Democrat, and she ignored it, too. IdaBriggs Mar 2013 #59
you don't seem to know much about detroit for someone who supposedly lives there. HiPointDem Mar 2013 #86
Are you seriously implying that things are hunky dory in Detroit? IdaBriggs Mar 2013 #87
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
I already provided the links for cheap properties in Detroit. IdaBriggs Mar 2013 #90
where corruption flourishes, there's *always* conspiracy. *always*. HiPointDem Mar 2013 #92
"Disaster capitalism" is PRECISELY what brought Detroit to this point. Romulox Mar 2013 #63
BTW, your personal attacks really suck. Let people discuss this matter without subjecting Romulox Mar 2013 #64
Are you serious? Union Scribe Mar 2013 #66
As cancer. nt Romulox Mar 2013 #72
Because taking away the right of citizens to vote at all is exactly analogous to citizens *voting* HiPointDem Mar 2013 #84
No, it is about protecting the rights of MINORITIES -- IdaBriggs Mar 2013 #89
the average citizen of detroit is in the minority? or the majority of detroiters are criminals who HiPointDem Mar 2013 #91
Yes, yes! At last you understand! I *hate* democracy! IdaBriggs Mar 2013 #96
I didn't call you a fascist, Ida. And nothing you have said has anything to do with the point HiPointDem Mar 2013 #97
My apologies for misunderstanding about you calling me a fascist. IdaBriggs Mar 2013 #100
Don't forget the city council, Ida. amandabeech Mar 2013 #114
Agreed. The entire "culture of corruption" is just infuriating. IdaBriggs Mar 2013 #118
"NO ONE but detroit can be blamed for detroits problems" WilliamPitt Mar 2013 #51
Will, this time you are wrong. It was the Idiots *STEALING* IdaBriggs Mar 2013 #55
Redlining NWHarkness Mar 2013 #65
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
Man was I ever wrong about you. Union Scribe Mar 2013 #67
That's fine. If you defend the status quo in Detroit, you're not my ally. nt Romulox Mar 2013 #71
If you defend voiding union contracts, you aren't mine. nt Union Scribe Mar 2013 #73
That's going to happen. Either with EFM or in Bankruptcy Court. Detroit is unsustainable. Romulox Mar 2013 #75
I support you, Romulox. amandabeech Mar 2013 #115
Come on now. Everyone in Detroit gets paid bribes? upaloopa Mar 2013 #76
Don't you have another family member's dog to shoot in cold blood? flvegan Mar 2013 #85
Wow...Promoting Fascism on DU. I am amazed something I thought I'd would not see. Katashi_itto Mar 2013 #95
My first real job out of high school was in Detroit. kentuck Mar 2013 #99
I worked in Detroit for a year in the 80s Vinnie From Indy Mar 2013 #101
I know what I am about to say will be ignored, but Detroit's problems are not from corruption ... kwassa Mar 2013 #110
Clear and simple. Detroit's problem is the same as the rest of the country. Outsourcing of jobs. navarth Mar 2013 #112
+1 Starry Messenger Mar 2013 #113
on the money. HiPointDem Mar 2013 #116
Thank you for this Cal Carpenter Mar 2013 #119
Glad to be of service. navarth Mar 2013 #120
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