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Rock Ventures is an owner of over 75 real estate properties, primarily in Detroit, including: [18] [19] [20] 1001 Woodward; Book Tower [12] Chrysler House; David Stott Building; Federal Reserve Bank of Chicago Detroit Branch Building; First National Building; Globe Tobacco Building; L. B. King and Company Building; One Campus Martius; One ...
In 1856, the Ferry Seed Company was founded in Detroit; the company established a large farm at the corner of East Ferry and Woodward to grow the seeds that were sold nationwide. [3] [note 1] In the mid-1880s, then-owner D. M. Ferry platted the farm into residential lots along East Ferry Avenue. [4]
The Detroit Land Bank Authority [1] is a public authority that owns and manages approximately 100,000 parcels of property in the city of Detroit, making it the city's largest landowner. [ 2 ] Occasionally framed as a quasi-governmental entity , the Detroit Land Bank operates a number of programs to reduce the number of Detroit properties that ...
The mansion was built in 1928 at the cost of $300,000 ($5.32 million in 2024).The original owner lost the home during the Great Depression and it sat vacant until Alex Manoogian, founder of the Masco company, purchased the home at an auction in 1939 for a mere $25,000 ($0.55 million in 2024).
The Detroit News reported that more than half of Detroit property owners did not pay taxes in 2012, at a loss to the city of $131 million (equal to 12% of the city's general fund budget). The first comprehensive analysis of the city's tens of thousands of abandoned and dilapidated buildings took place in the spring of 2014.
New U.S. census data shows owner-occupied housing rates in Detroit rebounded in 2023 and that nearly half of the state ... In Michigan, the owner-occupied housing rate grew slightly from 73.2% in ...
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