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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. -
Gm Renaissance Center Dining | Retail | Entertainment Office | Residential | Lodging
GM RENAISSANCE CENTER DINING | RETAIL | ENTERTAINMENT OFFICE | RESIDENTIAL | LODGING Photo: John F. Martin Photography www.gmrencen.com SITE OVERVIEW The GM Renaissance Center is the most recognized land- mark in the region. Rising 73 stories above the Detroit River, the Ren Cen anchors the Detroit skyline and riverfront. CENTER of the BUSINESS DISTRICT Composed of three interconnected buildings (Renais- sance Center, Millender Center and River East Center), this class A mixed-use complex is in excess of 6.5 million SF of dining, retail, entertainment, residential, office and lodging space. SOCIAL CENTER The GM Renaissance Center is at the heart of the Detroit entertainment scene with signature restaurants, more than 150 major onsite events annually and easy access to major sporting events, concerts and theatre, casinos and festivals year-round. Connect with 5 million plus visitors annually at the Renaissance Center. CONNECT For the 20,000-25,000 daily visitors, the Ren Cen is truly Michigan’s premier address. FOR MORE INFORMATION, VISIT OUR WEBSITE AT: www.gmrencen.com GM RENAISSANCE CENTER DINING | RETAIL | ENTERTAINMENT OFFICE | RESIDENTIAL | LODGING DINING | RETAIL | ENTERTAINMENT Office workers, visitors and downtown residents can find an essential mix of speciality shops, services and dining conveniently located in the complex. With 165,000 SF of space, this is the largest retail destination in the City. CASUAL DINING • 1,100-seat food court featuring a dozen vendors • Starbucks, Coffee Beanery, Potbelly Sandwich Works, Tim Hortons -
Off to Good Start IGNORING a Russian Warn- Town!Jhip Balloting Ing, the United States Air Residents Urged to Contribute During Family Held
) AJIthe News of All tn. Point .. Every Thursday Moming • • • rosse ews Can TUxedo 2-4900 Complete News 'Coverage of. All the Pointes ~V;COiiLTu~MAiE=-;2O-NL:tJ(O~I~ ..i-J5~IlYP~er:jc~oP;PY;--lE.~!te;;'.::;erl;:-,;;U!!lc;;;.ll;;on;;jd-Cc:iiI...:;;-JM;{;a~tte;;r------,. G~Rn.OMSS~E~POMIN:l-Tr;:E;-,"7~7.~1;;C:;::HJiIG~A:-;:N'-,~A;-;P;;;R;-;;IL~A-,-;-1ft;;;5;;ft~-------:;2:::-::-:-:=-==:-:S-. -::-~. --------,-------- • f3.5!l Per Year at t.:.. P"'.t Office al Detroit. Mich. M'" "1 7 8 PAGES. Three Sections Section I HEADLINE~ Big Badminton Tourney Arouses Much lti;terest Memorial Center Incumbents ,. ..Z D' :,'. G.' . Returned in "'S COtllPi/,d by Ih, A nnua rIVe ..ets Thre~ Cities Gros~,Poilfl, 'NtWS City and Shores will Hold ..... Local Elections Later; Thunclay, April Z Off to Good Start IGNORING a Russian warn- Town!jhip Balloting ing, the United States Air Residents Urged to Contribute During Family Held . Force announced It will con. Participation Campaign: Big Expansion prins tinue high-altitude flying to Now. Underway ~ncumbent councibnen Berlin. Russia had warned the ---- .....__ and other officials in four United S.tates to stop. , After the fifth day of receipts in the Grosse Pointe of the Pointes were. swept Stepping up pressure else- War Memorial's 1959 Annual Family Participation Cam. bac~ into office at the bi- where, the Russians issued an paign, returns show that 765 families have contributed enn.ilil spring ..election on edict in MosCOw,. temporarily $9,510A3. This compares with $9,126.11 received. -
Grosse Pointe Ews Section
-------"",.,------------- ...... --~---~~-.'~---~., -pr - Section Grosse Pointe ews A -- _.--------_._---- -_.-----------------------' -------- ~----- - -........- - ----------- ----~---~---- -_. - 25. Per C.p)' 40 Pages-Three Sections "ubli,hed a. Second CI... Motter al Ihe GROSSE POINTE, MICHIGAN, THURSDAY, OCTOBER 9, 1980 $10 'er Veor VOL. 41-NO. 41 Po.1 Ollice .t Delr.lt, Michigan ---~-_. __ . _._---------~._---------------- - -- -- - -- -- ------------ -------------------_._-------------------- County charter candidates gear up for Nov. 4 , would like to cut into the Democratic oppooed in November for a sixth around to reflect financial stability l'id~ if an appointed or elected excc- Gattorn, 43, said if voters put her By Joanne Gouleehe power base evident on the present term in office. and end the frequent paytess paydays utive can best manage Wayne Cuullty. on the charter commission she will ~eek to set up an organizational chart county board of commissioners. Local can did ate s for the for county employes. Over the years, the county has been If it were up to Gattorn, she would Wayne County Charter Com- for the structure of the county and GOP candidate Gattorn or Demo- criticized for duplil'ation of servicc.s, eliminate all elected officials "to set Twenty.five out of the 27 commis. prefer an elected manager in Wayne mission say they will be stepping crat McIntyre will join 26 other laek d coordination betwcen depart- up a system thaI is more responsible." sioners are Democrat and heavily in. County. behind the podium soon to de- ments and general over~pending. fluenced by unions, according to Gat. charter commissioners to draw up an "It's imperative we have an elected bate how the county can wiggle extensive reorganization plan for the "There are a lot of independent torn, Both charters, however, would seek executive. -
Living and Investing in The
DETROIT BUSINESS MAIN 08-11-08 B 49 CDB 8/6/2008 12:58 PM Page 1 www.crainsdetroit.com Vol. 24, No. 32a Fall 2008 www.crainsdetroit.com Living and investing in the FillingD in the gaps ■ Catalysts for ■ Selling ■ New Detroit: mass neighborhood restaurants in transit, urban buying power Midtown, farming Corktown CDBmagazine.qxp 7/16/2008 11:08 AM Page 1 Together, we can change the future. All it takes is working harder — and smarter. Bank of America is proud to support Crain’s House Party for reaching out and making this community a better place for all of us. Visit us at www.bankofamerica.com. Bank of America, N.A. Member FDIC. Equal Housing Lender ~ © 2008 Bank of America Corporation. All rights reserved. SPN-71 DETROIT BUSINESS MAIN 08-11-08 B 1 CDB 8/6/2008 5:44 PM Page 1 Living and Investing intheD Vol. 24, No. 32a ON THE COVER: Table of Contents Counterclockwise from top left: Book Cadillac Mary Kramer building; Justin Mooter, Optimism amid turmoil. Detroit is making progress, Royal Container Inc. but it needs to fill its political leadership gap. Page 2. general manager and downtown renter; RiverWalk; Cindy The Corridors Warner, managing A development report from Woodward, Michigan and Gratiot partner of Northpointe avenues, and Detroit’s Page 8 Food Ventures, parent riverfront: new lofts, company of Zaccaro’s restaurants and collaborative Market. projects. Page 4. ABOUT THIS The Catalysts ISSUE: Tipping-point Detroit initiatives: urban farming, the Living and Investing Dequindre Cut recreation in the D was edited path, new retail and mass by Assistant transit. -
Section Three
SECTION THREE SECTION THREE PLACE PLACE VIBRANCY AMENITIES & NECESSITIES 48 PEDESTRIANS & BICYCLES 64 HOUSING UNITS & OCCUPANCY 66 RENTS 70 INCENTIVES 72 Section Three | Place 47 AMENITIES & NECESSITIES (3.1) Restaurants and Outdoor Patios in Greater Downtown, 2014 DOWNTOWN 188 RESTAURANTS OF THE 378 RESTAURANTS MIDTOWN 109 RESTAURANTS IN GREATER DOWNTOWN, 81 HAVE AN OUTDOOR PATIO. DOWNTOWN (34) MIDTOWN (28) 378 CORKTOWN (9) RESTAURANTS RIVERTOWN (7) CORKTOWN 32 RESTAURANTS EASTERN MARKET (2) RIVERTOWN 25 RESTAURANTS WOODBRIDGE (1) EASTERN MARKET 18 RESTAURANTS LAFAYETTE PARK (0) WOODBRIDGE 4 RESTAURANTS LAFAYETTE PARK 2 RESTAURANTS Right: Mercury Burger Bar patio, Corktown 48 7.2 SQ MI | A Report on Greater Downtown Detroit | Second Edition AMENITIES & NECESSITIES There are 378 restaurants throughout Greater Downtown. Of these, 81 have an outdoor patio. This is an increase of 77 restaurants and 32 outdoor patios since 2013. GRAND BLVD ROSA PARKS ROSA 94 WARREN GRAND RIVER WOODWARD MACK 75 10 RR 75 ST. AUBIN ST. GRATIOT MICHIGAN JEFFERSON DETROIT RIVER RESTAURANT RESTAURANT WITH PATIO Right: Stella International Cafe, Fisher Building, Midtown 50 7.2 SQ MI | A Report on Greater Downtown Detroit | Second Edition AMENITIES & NECESSITIES (3.2) Retail and Grocery Stores in Greater Downtown, 2014 LAFAYETTE PARK 6 RETAIL EST. GROCERY STORES: WOODBRIDGE 9 RETAIL EST. DOWNTOWN (1) RIVERTOWN 33 RETAIL EST. MIDTOWN (3) EASTERN MARKET 48 RETAIL EST. RIVERTOWN (1) WOODBRIDGE (1) 352 LAFAYETTE PARK (1) RETAIL EST. DOWNTOWN 107 RETAIL EST. CORKTOWN 44 RETAIL EST. MIDTOWN 105 RETAIL EST. Right: Whole Foods Market, Midtown 52 7.2 SQ MI | A Report on Greater Downtown Detroit | Second Edition AMENITIES & NECESSITIES There are 352 retail establishments and 7 grocery stores in Greater Downtown. -
Detroit Brownfield Redevelopment Authority
Detroit Brownfield Redevelopment Authority Revitalizing Detroit Through Brownfield Redevelopment WHATWHAT IS IS THE THE DBRA? DBRA? The Detroit Brownfield Redevelopment Authority (DBRA) ª Is an authority providing incentives for the city to revitalize underdeveloped or under-utilized properties due to abandonment or environmental contamination ª Is governed by its 9 member Board of Directors. ª Board is assisted by its Community Advisory Committee (CAC) The Detroit Economic Growth Corporation (DEGC) ª Provides the DBRA with staff assistance to implement the DBRA’s project development plans within the City of Detroit DBRA ANDDBRA DETROIT’S AND DETROIT’S REDEVELOPMENT REDEVELOPMENT Mexicantown Lithuanian Hall All-Inclusive DBRA Guidelines Kales Building DBRA Guidelines and MEDC 6200 Second The Ellington Detroit Brownfield Redevelopment Authority www.DEGC.org REMEDIATEREMEDIATE AND AND REDEVELOP REDEVELOP DETROIT DETROIT DEGC and DBRA – Working Together in Brownfield Redevelopment Developers (and their consultants) contact DBRA directly with proposed projects Developers are referred to DBRA from various Detroit City Departments Hartz Building Brownfield projects come to the DBRA from DEGC Business Development office working with existing and potential businesses. Brownfield projects result from business development office at DEGC through marketing of particular sites in Detroit. Merchants Row Detroit Brownfield Redevelopment Authority www.DEGC.org STREAMLINESTREAMLINE THE PROCESSTHE PROCESS Facilitating Brownfield Redevelopment in Detroit -
Gross Point News
-------"",.,------------- ...... --~---~~-.'~---~., -pr - Section Grosse Pointe ews A -- _.--------_._---- -_.-----------------------' -------- ~----- - -........- - ----------- ----~---~---- -_. - 25. Per C.p)' 40 Pages-Three Sections "ubli,hed a. Second CI... Motter al Ihe GROSSE POINTE, MICHIGAN, THURSDAY, OCTOBER 9, 1980 $10 'er Veor VOL. 41-NO. 41 Po.1 Ollice .t Delr.lt, Michigan ---~-_. __ . _._---------~._---------------- - -- -- - -- -- ------------ -------------------_._-------------------- County charter candidates gear up for Nov. 4 , would like to cut into the Democratic oppooed in November for a sixth around to reflect financial stability l'id~ if an appointed or elected excc- Gattorn, 43, said if voters put her By Joanne Gouleehe power base evident on the present term in office. and end the frequent paytess paydays utive can best manage Wayne Cuullty. on the charter commission she will ~eek to set up an organizational chart county board of commissioners. Local can did ate s for the for county employes. Over the years, the county has been If it were up to Gattorn, she would Wayne County Charter Com- for the structure of the county and GOP candidate Gattorn or Demo- criticized for duplil'ation of servicc.s, eliminate all elected officials "to set Twenty.five out of the 27 commis. prefer an elected manager in Wayne mission say they will be stepping crat McIntyre will join 26 other laek d coordination betwcen depart- up a system thaI is more responsible." sioners are Democrat and heavily in. County. behind the podium soon to de- ments and general over~pending. fluenced by unions, according to Gat. charter commissioners to draw up an "It's imperative we have an elected bate how the county can wiggle extensive reorganization plan for the "There are a lot of independent torn, Both charters, however, would seek executive. -
Main Tables Maps
MAIN TABLES MAPS UPDATE RESIDENTIAL MARKET POTENTIAL for Greater Downtown Detroit City of Detroit Wayne County, Michigan May, 2014 Conducted by On Behalf of the ZIMMERMAN/VOLK ASSOCIATES, INC. Downtown Detroit Partnership P.O. Box 4907 600 Renaissance Center, #1740 Clinton, New Jersey 08809 Detroit, Michigan 48243 ZIMMERMAN/VOLK ASSOCIATES, INC. P.O. Box 4907 Clinton, New Jersey 08809 908 735-6336 www.ZVA.cc • [email protected] Research & Strategic Analysis MAIN TABLES AND MAPS Table 1: Annual Market Potential Table 2: Target Groups for New Multi-Family For-Rent Table 3: Target Groups for New Multi-Family For-Sale Table 4: Annual Market Potential by Household Type Table 5: Summary of Selected Rental Properties Map 1: Selected Multi-Family Rental Properties: Downtown Detroit Map 2: Selected Multi-Family Rental Properties: Midtown, Eastern Market Map 3: Selected Multi-Family Rental Properties: New Center Map 4: Selected Multi-Family Rental Properties: Corktown, Riverfront West Map 5: Selected Multi-Family Rental Properties: Lafayette Park Map 6: Selected Multi-Family Rental Properties: Riverfront East Table 6: Summary of Selected For-Sale Multi-Family and Single-Family Attached Properties Table 7: Optimum Market Position: Market-Rate Dwelling Units Table 1 Annual Market Potential Distribution Of Annual Average Number Of Draw Area Households With The Potential To Move Within/To Greater Downtown Detroit Each Year Over The Next Five Years Greater Downtown Detroit Downtown Detroit (Central Business District) City of Detroit, Wayne County, Michigan City of Detroit; Balance of Wayne County; Regional Draw Area; All Other US Counties Draw Areas Annual Number of Households With Potential To Rent/Purchase In The City of Detroit, Wayne County, Michigan 38,220 Annual Number of Target Households With Potential To Rent/Purchase In Greater Downtown Detroit 10,490 Annual Market Potential Greater Downtown Detroit Multi- Single- . -
A Report on Greater Downtown Detroit 2Nd Edition
7.2 A Report on Greater Downtown Detroit SQ MI 2nd Edition CONTRIBUTORS & CONTENTS Advisory Team Keegan Mahoney, Hudson-Webber Foundation Elise Fields, Midtown Detroit Inc. James Fidler, Downtown Detroit Partnership Spencer Olinek, Detroit Economic Growth Corporation Jeanette Pierce, Detroit Experience Factory Amber Gladney, Invest Detroit Contributors Regina Bell, Digerati Jela Ellefson, Eastern Market Corporation Phil Rivera, Detroit Riverfront Conservancy Data Consultant Jeff Bross, Data Driven Detroit Design Megan Deal, Tomorrow Today Photography Andy Kopietz, Good Done Daily Production Management James Fidler & Joseph Gruber, City Form Detroit 2 7.2 SQ MI | A Report on Greater Downtown Detroit | Second Edition 04 Introduction 06 Section One | Overview 08–09 Greater Downtown in Context 10–11 Greater Downtown by Neighborhood 12–25 Downtown, Midtown, Woodbridge, Eastern Market, Lafayette Park, Rivertown, Corktown 26 Section Two | People Demographics 28 Population & Household Size 29–30 Density 31 Age 32–33 Income 34 Race & Ethnicity 35 Foreign-Born Education 36 Young & College-Educated 37 Residence of Young Professionals 39 Families 40 Programs for Young Professionals 41 Anchor Academic Institutions Visitors 42–43 Visitors & Venues 45 Hotels & Occupancy 46 Section Three | Place Vibrancy 48–63 Amenities & Necessities 64–65 Pedestrians & Bicycles Housing 66–69 Units & Occupancy 70–71 Rents 72 Incentives 74 Section Four | Economy & Investment Employment 76 Employment, Employment Sectors & Growth 77 Wages 78–80 Commercial Space 82–91 Real Estate Development 92 Note on Data 94 Sources, Notes & Definitions Contributors & Contents 3 INTRODUCTION 7.2 square miles. That is Greater Downtown Detroit. A slice of Detroit’s 139-square mile geography. A 7.2 square mile collection of neighborhoods: Downtown, Midtown, Woodbridge, Eastern Market, Lafayette Park, Rivertown, and Corktown—and so much more. -
Board of Directors
DOWNTOWN DETROIT BUSINESS IMPROVEMENT ZONE BOARD OF DIRECTORS RESOLUTION 2014-9 Certification of 2014 Assessment Calculation The board of directors ofthe Downtown Detroit Business Improvement Zone resolves as follows: • that the board of directors certifies the following as the Assessment calculation for the Downtown Detroit Business Improvement Zone for the 2014 calendar year based upon the Zone Plan for the Downtown Detroit Business Improvement Zone: Assessed Value Rate: $0.0580983305 1 DOWNTOWN DETROIT BUSINESS IMPROVEMENT ZONE BOARD OF DIRECTORS 01000258. 432 MECHANIC YOUR PERSONAL VAULT INC $316,546 45,713 $777 $2,656 $3,433.12 01000268.001 246 MADISON OLYMPIA DEVELOPMENT OF MI LLC $78,900 0 $194 $0 $193.74 01000268.002 244 MADISON OLYMPIA DEVELOPMENT OF MI LLC $78,900 0 $194 $0 $193.74 01000268.003 242 MADISON OLYMPIA DEVELOPMENT OF MI LLC $78,900 0 $194 $0 $193.74 01000275. 241 MADISON DETROIT ATHLETIC CLUB $5,003,800 434,661 $12,287 $25,253 $37,539.85 01000279. 1900 BRUSH 2 DLI PROPERTIES LLC $4,203,500 417,948 $10,322 $24,282 $34,603.72 CENTRAL METHODIST EPISCOPAL 01000292. 31 EADAMSAVE CHURCH $231,513 63,000 $568 $3,660 $4,228.67 01000293. 47 E ADAMS AVE TRACEE, LLC $366,910 12,387 $901 $720 $1,620.61 01003781. 1436 BRUSH C4 PROPERTY MANAGEMENT LLC $88,012 1,389 $216 $81 $296.81 01003782. 1440 BRUSH BRUSH STREET LLC $153,600 12,800 $377 $744 $1,120.82 01003906. 460 RANDOLPH :( MILLENDER CENTER ASSOC $143,756 0 $353 $0 $352.99 01003907. 460 RANDOLPH 2 MILLENDER CENTER ASSOC $19,066 0 $47 $0 $46.82 01003908. -
Human Geography (10Th
c09UrbanGeography.indd Page 288 9/19/11 11:15 AM user-f501 /204/MHBR250/mca25006_disk1of1/0073525006/mca25006_pagefiles CHAPTER 9 Urban Geography Field Note Ghosts of Detroit? 85°W L. S 80°W upe rior 90°W M CANADA I L C . H H u 45°N n r a I o g G n i WISCONSIN h A c i o N ari . Ont M L . L NEW YORK Detroit rie L. E PENNSYLVANIA ILLINOIS OHIO 40°N INDIANA WEST VIRGINIA KENTUCKY Figure 9.1 Detroit, Michigan. The buildings along West Adams Street face Grand Park Circus in Detroit, Michigan. From left to right, the Kales Building, Adams Theater, Grand Park Centre, and Fyfe Apartments have experienced the rise, decline, and revitalization of the neighborhood, which is located in the Central Business District. © Erin H. Fouberg. The semicircular shaped Grand Circus Park in Detroit, Michigan is divided by several streets, making it look like the hub and spokes of a bicycle wheel from above. The grouping of buildings along Grand Circus Park (Fig 9.1) refl ects the rise, fall, and revitalization of the central business district (CBD) in Detroit. The ce n tral business di s trict is a concentration of business and commerce in the city’s downtown. The Kales building is the tall building on the far left of the photograph. It was once the headquarters of the Kresge Corporation, which became K-Mart. 288 c09UrbanGeography.indd Page 289 9/19/11 11:15 AM user-f501 /204/MHBR250/mca25006_disk1of1/0073525006/mca25006_pagefiles Ghosts of Detroit? 289 Aba n doned in 1986 and left to a state of disrepair, the Kales building was renovated at a cost of $15 million in 2005.