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Month: September 2018 News Articles

Fall 2018

Detroit Homecoming V Recap: Real Estate 101 in the D

September 24th, 2018

When Peter Cummings and his development partners began working with Whole Foods Market in 2011 to build its first Detroit store, a Whole Foods executive projected it would generate perhaps $12 million to $15 million a year.

Those projections were more than a little off. Since opening in 2013, Midtown Detroit’s Whole Foods has been generating $30 million annually, Cummings said.

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Summer 2018

Orangetheory Fitness to open in new apartment development in New Center

September 12th, 2018

Orangetheory Fitness will open a new location in Detroit-based The Platform LLC’s new apartment development being built at West Grand Boulevard and Third Avenue.

The new location by owner and franchisee Scott Marcus, which would be the 17th in Michigan, is expected to open this winter in development called The Boulevard, which is slated to bring 231 apartments to the market along with 21,000 square feet of commercial space, the developer announced Wednesday during a real estate session of the Detroit Homecoming event.

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Civil rights struggle comes to life with Fisher Building art exhibit

September 12th, 2018

If you haven’t been to the Fisher Building lately, the installation of “Olayami Dabls: Absorb, Reflect, Transmit” gives you a great reason to revisit the storied Art Deco skyscraper.

Nineteen paper cut-out “paintings” by artist Dabls documenting key moments in the civil rights movement from 1955-1965 have been scanned and blown up huge, completely filling the illuminated glass vitrines that line the ground floor of the Fisher arcade.

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Portal looks to help fill Pistons headquarters construction jobs with Detroit residents

September 12th, 2018

Portal looks to help fill Pistons headquarters construction jobs with Detroit residents

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Orangetheory moving into the Boulevard; apartment pre-leasing starts soon

September 12th, 2018

The Platform announced a major tenant of the Boulevard, a mixed-use development slated to open this winter. Orangetheory Fitness will open its first Detroit location in the New Center building.The popular fitness brand, started in Florida in 2010, has 17 locations in Michigan, with many across metro Detroit. Comerica Bank will also be a tenant in the building, and more retail tenants will be announced soon. The Boulevard will have 21,000 square feet of retail total, plus a 330-space attached parking structure.

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3 houses for sale advance blight-fighting effort in northwest Detroit

September 8th, 2018

A complicated project to renovate more than 100 vacant homes in Detroit’s Fitzgerald neighborhood took a step forward this week as the first handful of houses went up for sale.

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First three houses in Fitzgerald redevelopment hit the market

September 5th, 2018

One of the larger developments in Detroit outside of the central business district is the redevelopment of a whole neighborhood. The Fitzgerald redevelopment aims to take a neighborhood that had many blighted houses and lots, and renovate homes (for sale and for rent) while adding more green space to the neighborhood. It’s a huge endeavor, and one that’s being led by Century Partners and the Platform on a team called FitzForward.

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