Detroit Free Press

October 28, 2016 Comments Off on Detroit Motoring Once Again Views: 248 Michigan, Midwest, National News

Detroit Motoring Once Again

While its Midwest neighbors in Chicago and Cleveland are playing in the World Series, Detroit is ‘motoring’ to a different championship. Emerging from bankruptcy, the city has seen its downtown roaring back. Major developers are snatching up many of the still-standing iconic buildings still standing. Led by Dan Gilbert’s Rock Ventures LLC.

One building not headed to the Rock Ventures portfolio is the Detroit Free Press building at 321 W. Lafayette, which has been vacant since 1988. Earlier this year, the Shanghai-based DongDu International Group accepted an offer to sell for an undisclosed price. The building is “under contract,” according to CoStar.

The potential buyer is a local entrepreneur who has the backing of several other investors. The total number of downtown buildings of any size on the market is a dozen, according to CoStar.

Read More at Detroit News

Connect with Rock Ventures

For comments, questions or concerns, please contact Amy Sorter

Share on FacebookTweet about this on TwitterShare on LinkedInEmail this to someone

Tags: , , ,

Comments are closed.