“Detroit? Beautiful?” Yes, that’s what they used to say about the Motor City. No, wait, that’s what they still say, particularly if “they” have never paid this place a visit. And while we can all agree that parts of this city just ain’t pretty, the land of the 313 is very much an eye-catching place, filled with beautiful people, beautiful neighborhoods, and beautiful places… like these ones. (And no, ruin porn doesn’t count.) Continue reading
Detroit is seldom celebrated for its beauty. National and local outlets love to expound the city’s “gritty” virtues (can we retire this word, please?), but rarely do you hear much about prettiness in the city. Though it’s become a cliché, it’s worth re-printing Elmore Leonard’s famous quote: “There are cities that get by on their good looks, offer climate and scenery, views of mountains or oceans, rockbound or with palm trees; and there are cities like Detroit that have to work for a living.”
In the forecast: 126,000 new jobs, unemployment falling to 4.5%
Michigan will add about 126,000 jobs in the next two years, according to the annual November forecast released Friday by economists at the University of Michigan.
If that forecast proves accurate, it will mean eight consecutive years of growth for the state economy.
Michigan will have gained more than 586,000 jobs during the economic recovery from the summer of 2009 through the end of 2017 — returning the job count to levels last seen in the spring of 2003.
Comparatively high rates of return on real estate investments in greater downtown and metro Detroit as a whole continue to drive foreign investors to the region in search of deals.
It’s difficult to quantify exactly how much money from overseas has been spent on real estate investment sales in the past few years, but it’s well into the several hundred millions of dollars, said Dennis Bernard, founder and president of Southfield-based Bernard Financial Group Inc.
Dan Gilbert this morning confirmed that a Nike store is opening in downtown Detroit.
22,000-square-foot Community Store expected to open in the spring
Gilbert, the founder and chairman of Detroit-based Quicken Loans Inc. and Rock Ventures LLC, said in a Twitter post Wednesday morning that Nike Detroit will open this spring in 22,000 square feet at 1261 Woodward Ave.
“Believe. Then see it,” he tweeted.