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The Sterling Group acquired the old Joe Louis Arena site from one of Detroit's 2013-14 bankruptcy creditors, bond insurer Financial Guaranty Insurance Co., through a complex $14.1 million deal ...
Lafayette Pavilion Apartments is a high-rise residential apartment building in Detroit, Michigan. It is located at 1 Lafayette Plaisance, near Gratiot Avenue and I-375 , near Chene Park . Construction began in 1955 and was completed in 1958.
The federal government, through its Low-Income Housing Tax Credit program (which in 2012 paid for construction of 90% of all subsidized rental housing in the US), spends $6 billion per year to finance 50,000 low-income rental units annually, with median costs per unit for new construction (2011–2015) ranging from $126,000 in Texas to $326,000 ...
While the announcement didn't give asking prices for the one- to four-bedroom condos, the Residences at the Detroit EDITION marketing website shows five general price point ranges: $550,000 to ...
Towers one and two are apartments, Tower three contains condominiums. Riverfront Tower 100 is a 275 unit high rise at 100 Riverfront Drive, built in 1991 and finished in 1992. Riverfront Tower 200 is a 280 unit high rise at 200 Riverfront Drive, built in 1982 and finished in 1983.
Rent prices rose 7.45% year over year in November, according to the latest available data from the Rent Report, the slowest annual rise over the last 15 months. Still, this increase is more than ...
The Detroit Housing Commission required an employed parent for each family before establishing tenancy. As the Commission became less selective, crime became a problem in the 1960s and 1970s, and the projects fell into disrepair. The Frederick Douglass Apartment towers were converted to senior housing.
The agreement gives the city 30 years instead of 20 to catch up on payments that were deferred during Detroit's bankruptcy 10 years ago. The retirement system investment committee and board had ...