DOCSLIB.ORG

Section Four

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

SECTION FOUR SECTION FOUR ECONOMY AND INVESTMENT ECONOMY & INVESTMENT EMPLOYMENT EMPLOYMENT, EMPLOYMENT SECTORS & GROWTH 76 WAGES 77 COMMERCIAL SPACE 78 REAL ESTATE DEVELOPMENT 82 Section Four | Economy and Investment 75 EMPLOYMENT, EMPLOYMENT SECTORS & GROWTH (4.1) Since 2010, Downtown Detroit has added over 16,000 employees including over 12,000 Quicken Loans affiliated team members, 3,400 Blue Cross Blue Shield employees, and 600 Campbell Ewald employees. (4.2) Total Employment in Greater Downtown, 2011 >1% 2% AREA EMPLOYEE COUNT 50% CORKTOWN 2,329 EMPLOYEES DOWNTOWN 66,489 EMPLOYEES EASTERN MARKET 3,407 EMPLOYEES LAFAYETTE PARK 413 EMPLOYEES 44% MIDTOWN 59,557 EMPLOYEES RIVERTOWN 1, 664 EMPLOYEES >1% 3% WOODBRIDGE 542 EMPLOYEES (4.3) Employment by Sector, 2011 SECTOR EMPLOYEE COUNT 37% 11% PRIVATE EDUCATION & HEALTHCARE 50,875 EMPLOYEES 5% GOVERNMENT 21,596 EMPLOYEES 11% PROFESSIONAL, SCIENTIFIC, TECH & MGMT 27,862 EMPLOYEES 16% LEISURE & HOSPITALITY 15,093 EMPLOYEES 20% CONSTRUCTION, MANUFACTURE & TRANSPORT 6,493 EMPLOYEES OTHER SECTORS 14,482 EMPLOYEES 76 7.2 SQ MI | A Report on Greater Downtown Detroit | Second Edition WAGES (4.4 ) Annual Wages at Greater Downtown Jobs, 2002-2011 2002 2011 WAGE 2011 COUNT $0–$15K 11% 16% – 05% 0–$15K 15,610 $15K–40K 39,501 $40K+ 81,290 $15K–$40K – 09% GAIN 38% 29% LOSS 20% $40K+ 46% + 14% 60% Section Four | Economy and Investment COMMERCIAL SPACE (4.5) Commercial Real Estate in Greater Downtown, All Properties, 2014 NET RENTABLE LEASE RATE VACANCY RATE $20.44 Net Rentable: 26.1M SQ.FT. DOWNTOWN 26,137,026 16% Lease Rate: $20.44 Vacancy Rate: 16% 7,931,165 $16.01 11% Net Rentable: 7.9M SQ.FT. MIDTOWN Lease Rate: $16.01 Vacancy Rate: 11% 1,042,245 $13.65 Net Rentable: 1M SQ.FT. CORKTOWN 60% Lease Rate: $13.65 Vacancy Rate: 60% $18.69 Net Rentable: 2M SQ.FT. 1,969,273 12% RIVERTOWN Lease Rate: $18.69 Vacancy Rate: 20% $22.04 Net Rentable: 472K SQ.FT. 472, 886 EASTERN MKT. 20% Lease Rate: $22.04 Vacancy Rate: 20% $21.00 Net Rentable: 292K SQ.FT. 292,085 0% LAFAYETTE P. Lease Rate: $21.00 Vacancy Rate: 0% 78 7.2 SQ MI | A Report on Greater Downtown Detroit | Second Edition (4.6) Commercial Vacancy Rate in the Central Business District, 2010–2014 2010 2011 2012 2013 2014 27.3% 20.3% 17.9% 18.3% 16.0% (4.7) Large Properties in the Central Business District, 2014 NET RENTABLE LEASE RATE VACANCY RATE $20.44 Net Rentable: 26.1M SQ.FT. ALL 26,137,026 16% Lease Rate: $20.44 PROPERTIES Vacancy Rate: 16% 9,969,980 $22.59 12% Net Rentable: 10M SQ.FT. LARGE Lease Rate: $22.59 PROPERTIES Vacancy Rate: 12% Section Four | Economy and Investment 79 COMMERCIAL SPACE (4.8) Commercial Real Estate, Central Business District Comparisons, 2014 NET RENTABLE LEASE RATE VACANCY RATE 26,137,026 $20.44 Net Rentable: 26.1M SQ.FT. DETROIT CBD 16% Lease Rate: $20.44 Vacancy Rate: 16% 15,316,739 $18.86 Net Rentable: 15.3M SQ.FT. CLEVELAND CBD 19% Lease Rate: $18.86 Vacancy Rate: 19% 24,639,723 $21.06 10% Net Rentable: 24.6M SQ.FT. PITTSBURGH CBD Lease Rate: $21.06 Vacancy Rate: 10% 24,126,861 $14.15 15% Net Rentable: 24.1M SQ.FT. MINNEAPOLIS CBD Lease Rate: $14.15 Vacancy Rate: 15% 43,248,159 14% Net Rentable: 43.2M SQ.FT. Lease Rate: $26.93 PHILADELPHIA CBD $26.93 Vacancy Rate: 14% Right: Woodward Avenue, Downtown 80 7.2 SQ MI | A Report on Greater Downtown Detroit | Second Edition REAL ESTATE DEVELOPMENT (4.9) Since 2006, over $9 billion has been invested in real estate development projects in Greater Downtown. Between 2006 and 2012, over $4.2 billion was invested in a total of 176 projects. Between 2013 and 2014, $5.2 billion was invested in a total of 258 projects. Greater Downtown Investment by Status, 2013–2014 20% 23% STATUS INVESTMENT # OF PROJECTS COMPLETE $1,215,742,227 115 UNDER CONST. $1,171,869,976 59 PIPELINE $2,957,613,312 103 57% 82 7.2 SQ MI | A Report on Greater Downtown Detroit | Second Edition Greater Downtown Investment by Construction Type, 2013–2014 48%50% TYPE INVESTMENT # OF PROJECTS NEW CONST. $2,542,270,397 51 RENOVATION $2,782,210,117 212 INFRASTRUCTURE $20,145,000 14 52% Greater Downtown Investment by Neighborhood, 2013–2014 3% 2% 55% NEIGHBORHOOD INVESTMENT # OF PROJECTS DOWNTOWN, $2,926,591,563 93 RIVERTOWN AND LAFAYETE PARK 40% MIDTOWN $2,154,706,951 142 EASTERN MARKET $85,706,000 24 CORKTOWN $178,215,000 18 Section Four | Economy and Investment 83 REAL ESTATE DEVELOPMENT Downtown, Lafayette Park & Rivertown WOODWARD 75 ST. AUBIN ST. MONTCALM WITHERALL BRUSH ST. ANTOINE ST. T THIRD 74 ELIZABETH TIO ADAMS 27 GRA 47 73 13 44 72 46 14 11 F 51 75 IRST 43 49 57 08 06 40 10 12 56 71 77 70 68 79 36 62 48 07 09 69 41 MICHIGA 63 64 39 10 N CASS 32 52 38 33 37 66 29 28 30 67 34 LAFAYETTE PARK ABBOTT 65 31 05 26 RANDOLPH MONROE 04 03 BEAUBIEN 45 LAFAYETTE 35 80 76 61 22 23 50 82 LAFAYETTE 16 SHELBY FORT 21 55 18 81 54 24 20 02 15 CONGRESS JEFFERSON AVE. 25 53 19 MCDO 01 42 58 FRANKLIN UGALL RIVERTOWN 17 78 83 WIGHT 85 59 ATWATER DOWNTOWN 60 84 DETROIT RIVER Downtown Investment by Status, 2013 26% 31% STATUS INVESTMENT # OF PROJECTS COMPLETE $919,407,250 26 43% UNDER CONST. $734,592,900 26 PIPELINE $1,272,597,414 41 Downtown Investment by Construction Type, 2013 22% TYPE INVESTMENT # OF PROJECTS NEW CONST. $645,562,844 15 RENOVATION $2,277,284,719 74 INFRASTRUCTURE $3,250,000 4 78% 84 7.2 SQ MI | A Report on Greater Downtown Detroit | Second Edition ## Development Project ## Development Project ## Development Project COMPLETE UNDER CONSTRUCTION 01 Cobo Hall 26 The Griswold Roxbury 61 Olde Building 02 Riverfront Towers 27 The Residence - Grand 62 Griswold Lofts - Detroit PIPELINE 03 1001 Brush Street Circus Park Savings Bank 04 1001 Woodward 28 Capitol Park Lofts 63 The Albert 05 Buffalo Wild Wings 29 119 State Street 64 Farwell Lofts 06 Julian C. Madison Building 30 1201-1217 Woodward 65 Detroit Institute for Music 07 Lofts of Merchants Row 31 Hudson’s Site Education (DIME) 08 Detroit City Apartments 32 1215 Griswold 66 New Safety HQ 09 1500 Woodward 33 1234 Library (Punchbowl) 67 Cary Building Lofts (Wright Kay) (Z Deck) 68 Lafayette Towers 10 1520 Woodward 34 1238 Randolph 69 Lambert Edwards 11 1521 Broadway 35 Bates Garage Site & Associates 12 1528 Woodward 36 Book Building and Tower 70 Woodward Lofts 13 Madison 37 1322-1332 Broadway 71 Ashley/Milner 14 Grand Circus (3 buildings) 72 David Whitney Building 15 Two Detroit Garage 38 1400 Woodward 73 Grand Army Memorial Hall 16 Former Federal Reserve 39 1412 Woodward 74 Mindfield 17 Detroit Marriott 40 Valpey Building, Pepper 75 Detroit Athletic Club Renaissance Center Shoes, Schostak 76 Free Press Building 18 419 Fort Street 41 1452 Randolph/Michigan 77 Music Hall Center for the 19 Renaissance City Chronicle Performing Arts Apartments 42 Griswold Capitol Park 78 Urban Science 20 Grand Trunk Pub 43 1505 Woodward 79 Navitas Building 21 First National Building 44 Statler City Apartments 80 615 W. Lafayette - Detroit 22 Anytime Fitness at 45 DuCharme Media Partnership Security Trust Lofts 46 1550 Woodward 81 620-630 Woodward 23 One Kennedy Square 47 DTE Public Space 82 BCBS Cornice and Slate 24 WCCCD Development Building 25 Belleview Development 48 28 W. Grand River 83 Orleans Landing, East 49 Metropolitan River Development 50 Randolph and Layfayette 84 Globe Building Surface Lots 85 East Jefferson Neighborhood 51 Philip House - Presbyterian Villages 52 45 W. Grand River of Michigan Development 53 511 Woodward Roxbury 54 Vinton 55 Cadillac Tower 56 Wurlitzer 57 Madison Avenue - Phase 1 Infrastructure (DDA) 58 East Riverfront (Phase One) 59 Harbortown Residential Complex 60 Roberts Riverwalk Hotel Pool Conference Center Section Four | Economy and Investment 85 REAL ESTATE DEVELOPMENT COMPLETE UNDER CONSTRUCTION PIPELINE Midtown 10 104 ## Development Project NEW CENTER ## Development Project DELAWARE 85 01 Emerald 38 Maccabees Restaurant 02 Mack at Brush Park 90 39 Sugar Hill Walkway Phase I 03 Capital Impact Partners 47 40 Social Grooming Club SEVILLE 04 Detroit Future City 41 Detroit Historical Museum LOTHROP 55 05 Rebuild Nation 42 Bikram Yoga Midtown 03 57 GRAND BLVD 04 10 06 Second Avenue Special LED 106 05 08 09 43 Sherbrooke Apartments Street Lighting Project 36 44 Sprinkler Building, The 44 BALTIMORE 122 96 83 WOODWARD 07 Second Ave. Conversion, 45 Freshii 49 82 with Bike Lanes 46 Queen Lillian Medical Offices 08 Stella Good Coffee Expansion (WSU Psych. Bldg) TECHTOWN 28 09 The Zenith 47 Resendes Design Group 72 120 10 Workshop ANTOINETTE 48 Black Dress Shop Expansion 94 11 312 Watson 49 Uhaul 07 12 Cass Corridor Neighborhood 118 81 PALMER 50 Midtown Loop - Phase II - Development Corporation ANTHONY Canfield and John R 06 93 FERRY 53 98 13 Great Expresssions 51 South Campus Parking 01 119 WAYNE 45 41 123 ANTOINE ST. 14 Coronado Apartments Structure 10 40 CASS 105 ART CENTER REUTHER 15 Woodward Garden Block - 52 Whole Foods Market WAYNE STATE FARNSWORTH 117 38 Phase IV - Mixed Use 53 110 E. Ferry WARREN 16 Woodward Garden Block - 54 Olympia Sports and 77 124 JOHN R. Phase III - Theatre Entertainment District 43 BRUSH HANCOCK 37 FOREST 17 DMC Harper University 55 Henry Ford Hospital Future 35 115 34 33 76 80 Hospital, DMC Hutzel 31 30 116 39 92 Investment Plan 32 89 99 29 73 125 48 Women’s Hospital 56 Redmond Park Rehab 113 97 50 74 42 112 75 NORTH CASS 114 27 26 103 18 DMC Harper University 57 St Regis Apartments 70 25111 69 78 110 79109 24 WILLIS 23 75 21 86 20 Hospital 58 Addison Eatery 108 22 88 121 87 68 17 65 19 DMC Harper University 66 SECOND 63 15 67 18 59 Woodward/Stimson Mixed 84 SELDEN 16 19 107 56 71 64 Hospital ER/Surgery OR 14 62
Recommended publications
  • 8364 Licensed Charities As of 3/10/2020 MICS 24404 MICS 52720 T

    8364 Licensed Charities As of 3/10/2020 MICS 24404 MICS 52720 T

    8364 Licensed Charities as of 3/10/2020 MICS 24404 MICS 52720 T. Rowe Price Program for Charitable Giving, Inc. The David Sheldrick Wildlife Trust USA, Inc. 100 E. Pratt St 25283 Cabot Road, Ste. 101 Baltimore MD 21202 Laguna Hills CA 92653 Phone: (410)345-3457 Phone: (949)305-3785 Expiration Date: 10/31/2020 Expiration Date: 10/31/2020 MICS 52752 MICS 60851 1 For 2 Education Foundation 1 Michigan for the Global Majority 4337 E. Grand River, Ste. 198 1920 Scotten St. Howell MI 48843 Detroit MI 48209 Phone: (425)299-4484 Phone: (313)338-9397 Expiration Date: 07/31/2020 Expiration Date: 07/31/2020 MICS 46501 MICS 60769 1 Voice Can Help 10 Thousand Windows, Inc. 3290 Palm Aire Drive 348 N Canyons Pkwy Rochester Hills MI 48309 Livermore CA 94551 Phone: (248)703-3088 Phone: (571)263-2035 Expiration Date: 07/31/2021 Expiration Date: 03/31/2020 MICS 56240 MICS 10978 10/40 Connections, Inc. 100 Black Men of Greater Detroit, Inc 2120 Northgate Park Lane Suite 400 Attn: Donald Ferguson Chattanooga TN 37415 1432 Oakmont Ct. Phone: (423)468-4871 Lake Orion MI 48362 Expiration Date: 07/31/2020 Phone: (313)874-4811 Expiration Date: 07/31/2020 MICS 25388 MICS 43928 100 Club of Saginaw County 100 Women Strong, Inc. 5195 Hampton Place 2807 S. State Street Saginaw MI 48604 Saint Joseph MI 49085 Phone: (989)790-3900 Phone: (888)982-1400 Expiration Date: 07/31/2020 Expiration Date: 07/31/2020 MICS 58897 MICS 60079 1888 Message Study Committee, Inc.
  • Inclusive Futures’ Across Detroit During Month of Design

    Inclusive Futures’ Across Detroit During Month of Design

    Expanded Detroit Design 139 Exhibition to feature 70 projects embodying ‘Inclusive Futures’ across Detroit during Month of Design ● Exhibition is free and open to the public Sept. 5-30 in four convenient Detroit locations in the Downtown, Old Redford, Fitzgerald/Bagley and Morningside neighborhoods ● Featured projects include exemplary adaptive reuse projects to sustainable civil engineering solutions, mobility strategies, visionary education programs, and master plans driven by inclusion, among others ● Free programming includes the first public tours of the iconic Book Tower restoration, kids’ urban planning events, Pecha Kucha night, Affordable Housing discussions, an Inclusive Economic Development event and more ● Grand Opening Celebration, free and open to the public, takes place at 1001 Woodward on Sept. 5, 7-9pm CLICK HERE TO DOWNLOAD A PROJECT MAP August 28, 2019 (DETROIT) – As Detroit’s economic growth continues to accelerate, the second biennial Detroit Design 139 (DD139) exhibition will display 70 projects, policies and concepts that promote best practices for ensuring that the future of Detroit’s built and natural environment is designed with everyone in mind. This year’s exhibition is nearly double the size of the inaugural 2017 edition, with expanded reach to three new neighborhood locations. A full schedule of free programming, from a design-themed Pecha Kucha to the first public tours of the iconic Book Tower, will take place in each of the exhibition’s four locations and beyond: • Downtown (1001 Woodward) • Morningside (16451 E. Warren Ave.) • Old Redford (17340 Lahser Rd.) • Fitzgerald/Bagley (7426 McNichols Rd.) “The design world has its eye on Detroit because we are experiencing significant growth very quickly, and we are at a critical moment in terms of steering that momentum in a positive direction for all Detroiters,” said Melissa Dittmer, Chief Design Officer of Bedrock and founding partner of Detroit Design 139.
  • Treasure Is Where You Find It

    Treasure Is Where You Find It

    TREASURE I S W HER E YOU FIN D IT Williaa Cowie Residenoe Northeast corner o£ Canfield Avenue We.t and Third Avenue Built in 1676 - Razed after 1957 1'rom ~ '!istoQ: ~ Detro! t ~ Michigan by Silas F .......r Volume I, 1689, page 420 Publication underwritten by a grant trom The Hiatorio Memorials Sooiety in Detroit, Miohigan April 1969 OUTLINE HISTORY OF CANFIELD AVENUE WEST BETWEEN SECOND BOULEVARD AND THIRD AVENUE IN HONOR OF ITS ONE HUNDREDTH BIRTHDAY 1869 - 1969 by Mrs. Henry G. Groehn One lovely Wednesday afternoon, in the 1870's, two little girls sat on the McVittie front steps on the south side of Canfield Avenue West, between Second Boulevard and Third Avenue. They were watching the carriagos and horses as they clip-clopped to a stop in front of the Watton carriage stone next door. The ladies in elegant afternoon attire were "com!"" to call" on Mrs. Walter I"atton, the wife of a prominent Detroit denti"t.. Wednesday was the day Mrs. Watton IIreceived," and this was duly noted in a Detroit society blue book, which was a handy reference book for the lIin societyll ladies. Once again, almost one hundred years later, the atmosphere of ele­ gantly built homes with beautiful, landscaped lawns and quiet living can become a reality on tilis block. The residents who are now rehe.bilitating these homes are recognizing the advantage of historic tOlm house lh-;.ng, wi th its proximity to the center of business, cultural, and educati'm"~_ facilities. Our enthusiasm has blossomed into a plan called the CanfIeid West-Wayne Project, because we desire to share with others our discovery of its unique historical phenomenon.
  • Celebrating 20 Years of Economic Development Celebrating 20 Years Of

    Celebrating 20 Years of Economic Development Celebrating 20 Years Of

    Celebrating 20 Years of Economic Development Celebrating 20 Years of Jobs Created or Retained 7,037 Housing Units Created or Renovated 4,051 Residential Square Feet Developed 4,679,569 Commercial Square Feet Developed 4,002,746 Retail Square Feet Developed 765,577 Investment Since Inception $251,258,268 Total Investment Leveraged Since Inception $1,420,000,000 Investing for a Better Detroit Throughout the Greater Downtown you can see cranes lifting steel into place, hear jackhammers carving concrete and watch construction workers moving about development sites. People are walking, biking and shopping. The demand for housing remains at an all-time high, new retail attractions are flourishing and there are lines at many new restaurants. These signals of economic growth are gratifying and tell a story of public, private and philanthropic collaboration. In this 2015 Annual Report marking Invest Detroit’s 20-year anniversary, we are celebrating the positive changes to the landscape and the partnerships that continue to make them possible. In 1995, with a vision of creating a catalyst for investment, the founders of Invest Detroit launched one loan fund capitalized with $48M to attract and expand businesses and support real estate development in the City of Detroit. Its mission was to create jobs, increase the tax base and provide a better quality of life for Detroit residents. As the portfolio grew and the economy shifted, new partnership opportunities were identified and new development strategies were envisioned. The 1995 2001 2004 Detroit Investment Board of Directors Developed targeted Fund founded by focused on market- loan program to members of Detroit rate housing and promote housing Renaissance (now job creation density in the Business Leaders Lower Woodward for Michigan) Corridor public, private and philanthropic sectors recognized the the Auburn and First National Building.
  • Campus Martius Economic Impact Case Study

    Campus Martius Economic Impact Case Study

    700 Broadway, 4th Floor New York, New York 10003 T (212) 620-5660 F (212) 620-3821 www.pps.org Campus Martius Economic Impact Case Study LOCATION Introduction new buildings have been constructed, DETROIT, MICHIGAN In late 1999, PPS began working old buildings are being renovated and with the City of Detroit to reclaim a converted to apartments, more ground CLIENTS concrete island less than two acres in floor retail has opened, and the park is MAYOR’S TASK FORCE size that had historically functioned as busy and well used at all times of day DETROIT 300 CONSERVANCY the heart of downtown, but had been and all season of the year. overwhelmed by heavy vehicular traffic. DESIGNER Campus Martius is located in the center Design RUNDELL ERNSTBERGER of Detroit’s Central Business District, a Campus Martius is 1.6 acres in size, and roughly one mile square formed by three ASSOCIATES, LLC. contains grassy lawns, gravel walkways, major roads and the Detroit River. The and informal seating for over 2,000 area was originally used as a drill field people on walls, benches, steps, and SIZE for militia training as early as 1788, and moveable chairs. Two retractable stages 1.6 ACRES when the fire of 1805 destroyed much with light and sound equipment can of Detroit, Campus Martius was used as be moved into position for events. An COST the point of origin for laying out all new ice skating rink fills much of the park $20 MILLION roads and lots. In 1872, the Michigan from November to March.
  • Moving Forward at the Detroit Historical Society!

    Moving Forward at the Detroit Historical Society!

    1 WINTER 2018 Moving Forward at the Detroit Historical Society! At the Detroit Historical Society, 2017 has been a time of transformation. Three years of work on Detroit 67: Looking Back to Move Forward came to fruition this year, and the efforts that went into it led us to adopt a new model for engaging the public in creating programming and exhibitions in our museums. Our work is stronger for it, as evidenced by positive reviews, awards and steady increases in visitor numbers driven by the Detroit 67: Perspectives exhibition. Most importantly, however, our organization changed from the inside out. Our model for engagement, Engage, Refect, Act (ERA), incorporates a three-step process for commencing work on new programs and exhibitions at our museums: engage the community, refect on what we learn and inspire visitors to action based on the relevance of history to today. We are committed to applying this model internally and externally as we work to tell Detroit’s stories and why they matter. That means that we are engaging the talents of our staff across departments to strengthen and streamline our work in the same way that we are engaging the public and other cultural institutions to inform upcoming programs and exhibits. In October, the Detroit Historical Society and our partners at the Detroit Institute of Arts and the Charles H. Wright Museum of African American History were honored with the Michigan Museum Association’s 2017 Peninsulas Prize in recognition of our unique collaboration on the Detroit 67 project. This was wonderful evidence of the transformational power of the ERA model.
  • Mergers & Acquisitions

    Mergers & Acquisitions

    20120130-NEWS--0001-NAT-CCI-CD_-- 1/27/2012 6:57 PM Page 1 ® www.crainsdetroit.com Vol. 28, No. 5 JANUARY 30 – FEBRUARY 5, 2012 $2 a copy; $59 a year ©Entire contents copyright 2012 by Crain Communications Inc. All rights reserved Page 3 Roncelli rift: Ex-VP fired In signing Fielder, Ilitch Tax credit by brother seeks $36M Developers isn’t stretching dough find a way to make Pizza empire can swallow Tigers’ payroll added to Pontiac BY BILL SHEA prises Inc. co-founder and Tigers owner loft project CRAIN’S DETROIT BUSINESS Mike Ilitch, instead can rely on a variety of revenue sources to meet his upcoming happen No, the iconic Little Caesars $5 Hot-N- payroll, which is likely to surpass $110 Ready pizza isn’t increasing in price to million to $120 million in salaries and autism bills pay for superstar slugger Prince Fielder’s bonuses — a figure that inflates further Business leaders new nine-year, $214 million contract with when benefits are added. updates its New the Detroit Tigers. The payroll includes a combined Ticket prices, set for the 2012 season in $63 million alone this season to Fielder Move intended to offset Michigan plan December, won’t suddenly go up, either. ($23 million), Miguel Cabrera ($21 million) That was the message from Chris Ilitch, and Justin Verlander ($20 million). president of the Ilitch Holdings Inc. family of That spending is typical of markets insurance mandate companies, after the larger than Detroit, but it isn’t thought to Finance Extra Fielder signing BY JAY GREENE be financially stressful for the wealthy Il- CRAIN’S DETROIT BUSINESS was made offi- itches, baseball insiders say.
  • 2018 Downtown Detroit Development Update

    2018 Downtown Detroit Development Update

    2018 DOWNTOWN DETROIT DEVELOPMENT UPDATE MACK MARTIN LUTHER KING JR. N Q I-75 BRUSH GRAND RIVER Little Caesars Arena TABLE OF CONTENTS FISHER FWY I-75 A B C CASS J Fox Theatre WOODWARD Comerica 4 5 6 6 7 CLIFFORD O Park The Fillmore Ford Introduction Development 139 Cadillac 220 West The 607 3RD Field Overview Square MGM Grand Casino ADAMS GRAND CIRCUS PARK D E F G H BEACON PARK G MADISON S K U 7 8 8 9 9 The 751/ 1515-1529 Church of City Club David Stott BAGLEY GRATIOT BROADWAY Marx Moda Woodward Scientology Apartments Building E CBD Detroit WOODWARD WASHINGTON T MICHIGAN AVE. P I-375 I J K L M STATE L Greektown CAPITOL PARK N Casino Hotel 3RD GRATIOT 10 10 11 11 12 1ST Westin BRUSH Detroit Free Detroit Life Element Detroit at The Farwell Gabriel Houze Greektown Press Building Building the Metropolitan Building R Casino M H Building D MONROE LAFAYETTE BEAUBIEN W LAFAYETTE CAMPUS MARTIUS PARK N O P Q R I A W FORT CADILLAC SQUARE 12 13 13 14 14 CONGRESS B THE WOODWARD Hudson’s Little Caesars Louis Kamper and Mike Ilitch One Campus ESPLANADE RANDOLPH Block and Tower World Headquarters Stevens Buildings School of Business Martius Expansion M-10 W CONGRESS C Campus Expansion LARNED W LARNED JEFFERSON SPIRIT PLAZA JEFFERSON S T U Cobo F Center 15 15 15 16-19 20-21 Philip Shinola Siren Special Feature: Public Infrastructure HART Renaissance Capitol Park Projects PLAZA Center Houze Hotel Hotel About The 2018 Development Update 22-23 24 Featured Building Developments Pipeline Methodology Development Project: MoGo Station Developments New Construction and Major Renovation Other Downtown Developments QLINE Park/Public Space The District Detroit Business Improvement Zone (BIZ) Area Bike Lane TOTAL FLOOR AREA TOTAL DOLLARS INVESTED BEING DEVELOPED IN PROJECTS IN REPORT 3,548,988 $1.54 billion square-feet invested $1.179 billion 1,815,000 sq.
  • Transit Agency Presentation 35Th Annual DBE Conference

    Transit Agency Presentation 35Th Annual DBE Conference

    ANN ARBOR AREA TRANSIT AUTHORITY 2700 S. Industrial Highway, Ann Arbor, MI 48104 Contact: Michelle Whitlow, email: [email protected] Phone:734-794-1813 Fax: 734-973-6338 www.theride.org Projected FY 2014‐2015 Contracting Opportunities: • Electrical services • Soil remediation • Specialized software • Painting • Tires DBE Goal: 1% • Janitorial supplies 0.75% Race • Oil analysis • Roof inspection & repairs Conscious (RC) • Oil & lubricants 0.25% Race • HVAC services • Uniforms Neutral (RN) • Asphalt reseal • Para transit service • Night ride services providers • Ypsilanti transit center renovations Interested in these jobs? Check The Ride’s website weekly! BATTLE CREEK TRANSIT 339 W. Michigan Ave., Battle Creek, MI 49037 Contact: Scott McKenzie, email: [email protected] Phone: 269-966-3558 Fax: 269-966-3421 www.battlecreekmi.gov/living Projected FY 2014‐2015 Contracting Opportunities: Building, grounds & facility maintenance to include: • Administrative offices, conference room, hallways & dispatch area DBE Goal: • Carpeting & painting 0.00153% RN • Driver’s break room & locker rooms: tile, paint, countertops & sinks • Reception area: tile & painting • Exterior: concrete step work & railing Interested in these jobs? Review the Battle Creek website periodically! BLUE WATER TRANSPORTATION COMMISSION 2021 Lapeer Ave., Port Huron, MI 48060 Contact: Lisa DeLong, email: [email protected] Phone: 810-966-4207 Fax: 734-973-6338 www.bwbus.com Projected FY 2014‐2015 Contracting Opportunities: • Supply maintenance equipment • Landscape
  • Discover Detroit's Hidden Gems Alina Waring Has Been an Emergency

    Discover Detroit's Hidden Gems Alina Waring Has Been an Emergency

    Discover Detroit’s Hidden Gems Alina Waring has been an emergency physician for 26 years and is currently on staff at Hedrick Medical Center in Chillicothe, Missouri. She lives in Alpharetta, Georgia. Alina was a guest and participant at the 2018 design:retail Forum in Detroit, a conference bringing together 175+ “thought leaders” from the retail, supplier, and consultant segments. The following are some of her thoughts and observations after her trip to Detroit. We’re pleased to share her recollections and favorite images from her visit. The 2018 design:retail Forum was held in Detroit, and as in past years the locations were always carefully curated by a committee such that the group would meet in “happening” places. However, not everyone I’d told of my Detroit destination was as convinced. I was alone for parts of my stay, and by particular request, was required to send signs-of-life messages to friends periodically when I was roaming around, just so they knew I was alive and well. As it happened, on my first foray from the hotel, I’d chosen a path leaving the Westin Book Cadillac heading toward the MGM Casino. It was cloudy and drizzly, and the street going past the bus station didn't seem quite intended to welcome tourists. I was a little intimidated and promptly started heading back from whence I came. But on the way back I started to see crowds of people and gravitated toward the group, feeling safety in numbers. Many were wearing Lions jerseys. I’d remembered that Monday Night Football would be in town that night, along with the Tigers across the street.
  • Kurtzman Carson Consultants LLC (KCC), the Claims and Noticing Agent for the Debtor in the Above-Captioned Case

    Kurtzman Carson Consultants LLC (KCC), the Claims and Noticing Agent for the Debtor in the Above-Captioned Case

    UNITED STATES BANKRUPTCY COURT EASTERN DISTRICT OF MICHIGAN SOUTHERN DIVISION In re: Chapter 9 City of Detroit, Michigan, Case No. 13-53846 Debtor. Hon. Thomas J. Tucker _____________________________________/ CERTIFICATE OF SERVICE I, Lydia Do, certify and say that I am employed by Kurtzman Carson Consultants LLC (KCC), the claims and noticing agent for the Debtor in the above-captioned case. On December 27, 2019, at my direction and under my supervision, employees of KCC caused to be served the following documents via First Class mail on the service lists attached hereto as Exhibit A: Order Granting the City of Detroit's Motion to Implement Distributions of B Notes to Holders of Allowed Class 14 Claims Under the City's Confirmed Plan of Adjustment [Docket No. 13173] Notice Regarding Distributions to Class 14 Claimants (includes the Brokerage Account Form, the Tax Form, the Set Up Your Brokerage Account Form) [attached as Exhibit 6-1 to Docket No. 13126] Return Envelope Dated: January 6, 2020 /s/ Lydia Do Lydia Do KCC 2335 Alaska Ave El Segundo, CA 90245 13-53846-tjt Doc 13215 Filed 01/06/20 Entered 01/06/20 18:55:44 Page 1 of 6 EXHIBIT A 13-53846-tjt Doc 13215 Filed 01/06/20 Entered 01/06/20 18:55:44 Page 2 of 6 Exhibit A Served via First Class Mail CreditorName CreditorNoticeName Address1 Address2 Address3 City State Zip Country Abraham Greer and Sandra Greer c/o Atty the Rubinstein Law Firm Jan Jeffrey Rubinstein (P57937) 30150 Telegraph Rd., Ste 444 Bingham Farms MI 48025 Advance Digital Systems, LLC PO Box 721217 Berkley MI 48072 AFSCME Bankruptcy Fund Richard G.
  • Detroit FRC City Resolution 2017-26

    Detroit FRC City Resolution 2017-26

    STATE OF MICHIGAN RICK SNYDER DEPARTMENT OF TREASURY NICK A. KHOURI GOVERNOR LANSING STATE TREASURER DETROIT FINANCIAL REVIEW COMMISSION CITY RESOLUTION 2017-26 APPROVING THE CITY’S OCTOBER 2017 CONTRACT REQUESTS WHEREAS, Public Act 181 of 2014, the Michigan Financial Review Commission Act (the “Act”), allows for the creation of the Detroit Financial Review Commission (the “Commission”) within the Michigan Department of Treasury; and WHEREAS, Section 6(1) of the Act empowers the Commission to provide oversight for the City of Detroit (the “City”) beginning on the Effective Date of the Plan of Adjustment; and WHEREAS, Section 6(6) of the Act provides that during the period of oversight, the Commission review and approve the City’s applicable contracts, as defined by Section 3(a) of the Act, and that an applicable contract does not take effect unless approved by the Commission; and WHEREAS, at the Commission meeting on October 30, 2017, the City presented applicable contracts, attached as Exhibit A to this Resolution, for the Commission’s review and approval. NOW THEREFORE, be it resolved by the Detroit Financial Review Commission as follows: 1. That the City’s October 2017, contract requests, attached as Exhibit A to this Resolution but excluding any contracts a majority of Commission members present has agreed to exclude as noted in the minutes, are hereby approved. 2. That the minutes of the Detroit Financial Review Commission meeting at which this Resolution is adopted take notice of the adoption of this Resolution. 3. This Resolution