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Touchdown in Motown: Detroit to Host 2024 NFL Draft

In a game-changing announcement, the NFL has declared Detroit as the host city for the 2024 NFL Draft, marking a significant milestone for the Motor City’s sporting landscape. Set against the iconic backdrop of Campus Martius Park and Hart Plaza, the event promises to captivate audiences nationwide, showcasing Detroit’s passion for football and its ability to host world-class sporting spectacles. The Decision Unveiled: Amidst the glitz and glamour of the Annual League Meeting in Palm Beach, Florida, NFL Commissioner Roger Goodell unveiled Detroit as the chosen destination for the highly anticipated 2024 NFL Draft. Following rigorous evaluation by the Fan Engagement & Major Events Advisory Committee and full ownership, Detroit emerged as the frontrunner, solidifying its status as a premier host city for major sporting events. A Collaborative Effort: Commissioner Goodell expressed enthusiasm for the collaboration between the NFL, the Detroit Lions, and key stakeholders in bringing the 2024 NFL Draft to fruition. With the support of Visit Detroit, the Detroit Sports Commission, and the City of Detroit, plans are underway to deliver an unforgettable three-day experience for football enthusiasts and visitors alike. Immersive Fan Experience: Central to the event is the NFL Draft Experience, a dynamic football-themed extravaganza that promises something for everyone. From participatory games and interactive exhibits to musical performances and autograph sessions, fans will have the opportunity to immerse themselves in the excitement of the NFL Draft and create lasting memories. A Historic Moment for Detroit: Claude Molinari, President and CEO of Visit Detroit, hailed the announcement as a historic day for the city, underscoring the economic impact and vibrancy that the NFL Draft will bring to Detroit. With enthusiastic football fans set to descend upon the city, Detroit is poised to showcase its hospitality and charm on a national stage, solidifying its reputation as a premier destination for sports tourism. Continuing the Tradition: The NFL Draft has evolved into one of the most eagerly anticipated sporting events of the year, drawing millions of viewers and generating substantial excitement across the country. With the success of recent drafts in Cleveland, Las Vegas, and Kansas City, anticipation is already building for the spectacle that awaits in Detroit in 2024. Looking Ahead: As the countdown to the 2024 NFL Draft begins, Detroit stands ready to welcome football fans with open arms, offering a blend of excitement, hospitality, and a passion for the game. With preparations underway and anticipation mounting, all eyes are on Detroit as it prepares to take center stage in the world of football. If you would like more information on our Detroit properties please email [email protected]

Detroit’s $1.5 billion District Development – One of the biggest in the US.

In the heart of Detroit, a transformative vision is taking shape with the District Detroit development project. With a staggering budget of $1.5 billion, this ambitious endeavor spearheaded by The Related Cos. and Olympia Development of Michigan promises to reshape the cityscape, breathing new life into its urban core. While facing some delays, recent adjustments in the construction plan reflect a strategic reimagining, aligning with market demand and regulatory timelines to ensure a vibrant and sustainable future for Detroit. A Vision of Progress: At the heart of the District Detroit development lies a commitment to progress and revitalization. While the original construction timeline experienced delays, the recent resequencing signals a renewed focus on bringing transformative projects to fruition. Among the highlights are the plans for an 18-story residential tower at 2205 Cass, offering modern living spaces alongside vibrant retail offerings, creating a dynamic urban ecosystem that fosters community engagement and economic growth. Responding to Market Dynamics: District Detroit’s evolution is not just about construction timelines but also about responding to market dynamics and community needs. Recognizing the demand for hospitality and residential offerings, developers have prioritized the construction of hotels and residential buildings. The addition of a new 290-room hotel next to Little Caesars Arena and a residential tower near Comerica Park underscores the commitment to creating a diverse and inclusive urban environment that caters to residents and visitors alike. Navigating Regulatory Landscapes: Navigating regulatory landscapes is integral to the success of any urban development project, and District Detroit is no exception. With regulatory deadlines looming, developers are steadfast in their commitment to meeting obligations while ensuring the project’s long-term viability. The strategic adjustments in the construction plan demonstrate a proactive approach to compliance, ensuring that the project continues to garner support and enthusiasm from stakeholders and the broader community. Community Engagement and Opportunity: Central to the District Detroit vision is a commitment to community engagement and inclusivity. The forthcoming University of Michigan Center for Innovation (UMCI) represents a beacon of opportunity, driving demand for modern living spaces tailored to students and professionals alike. Moreover, initiatives such as the rehabilitation of old apartment buildings underscore a commitment to addressing diverse housing needs and fostering a sense of belonging within the community. Conclusion: As construction plans for District Detroit continue to evolve, the project stands as a testament to the resilience and adaptability of Detroit’s urban landscape. Through strategic resequencing and a commitment to market responsiveness, developers are poised to unlock the full potential of this transformative endeavor. District Detroit represents more than just bricks and mortar; it symbolizes a beacon of hope, opportunity, and growth for the city, ushering in a new era of prosperity and vitality for generations to come. If you would like information on our Detroit properties please email [email protected]

Flourishing Opportunities: A Positive Outlook on the UK Property Rental Investment Market

The United Kingdom’s property rental investment market continues to be a lucrative avenue for investors seeking stable returns and long-term growth opportunities. Despite occasional fluctuations, the fundamentals supporting this sector remain robust. This blog covers the positive aspects of investing in the UK’s property rental market, highlighting its resilience, potential for wealth accumulation, and its role in meeting the evolving housing needs of the population. Steady Demand: One of the key pillars of the UK property rental investment market is the consistent demand for rental properties. This demand is driven by various factors, including demographic trends, lifestyle preferences, and economic conditions. The increasing population, coupled with changing household structures and rising urbanisation, has led to a sustained need for rental accommodation. Moreover, factors such as affordability constraints among first-time buyers and a transient workforce contribute to the continuous demand for rental properties. Resilience Against Economic Uncertainty: Historically, the UK property rental market has demonstrated resilience, even in the face of economic uncertainty. During periods of economic downturns or market volatility, rental properties often serve as a safe haven for investors seeking stable income streams. Unlike other asset classes that may experience significant fluctuations, rental income tends to remain relatively steady, providing investors with a reliable source of cash flow regardless of broader economic conditions. Diversification and Portfolio Stability: Investing in rental properties offers investors an opportunity to diversify their portfolios and reduce overall risk. Real estate has a low correlation with traditional financial assets such as stocks and bonds, making it an effective hedge against market volatility. By incorporating rental properties into their investment portfolios, investors can achieve greater stability and resilience, particularly during times of economic turbulence. Long-Term Appreciation Potential: Beyond the immediate rental income, property rental investment in the UK offers substantial long-term appreciation potential. Despite occasional market fluctuations, property values in the UK have historically shown an upward trajectory over the long term. This capital appreciation, combined with rental income, can result in significant wealth accumulation for investors over time. Additionally, strategic property management practices and property enhancements can further enhance the value of rental properties, maximizing returns for investors. Meeting Evolving Housing Needs: Investing in the UK property rental market also plays a crucial role in addressing the evolving housing needs of the population. With changing demographics, lifestyle preferences, and housing affordability challenges, rental properties provide flexible and accessible housing solutions for a diverse range of tenants. Whether it’s young professionals seeking urban living, families in transition, or retirees downsizing, rental properties cater to various segments of the population, contributing to social stability and inclusivity. In conclusion, the UK property rental investment market offers a myriad of opportunities for investors seeking stable returns, portfolio diversification, and long-term wealth accumulation. With steady demand, resilience against economic uncertainty, appreciation potential, and the ability to meet evolving housing needs, rental properties continue to be an attractive asset class for investors. As the market evolves and adapts to changing dynamics, prudent investment strategies and a long-term perspective will continue to drive success in the UK property rental investment landscape. To find out about Global Investments property rental investment options please reach out to our property Investment specialists.

Cleveland Clinic Global Peak Performance Center: A Visionary Collaboration by the Cleveland Cavaliers, Cleveland Clinic, and Bedrock Real Estate

In a groundbreaking collaboration, the Cleveland Cavaliers, Cleveland Clinic, and Bedrock Real Estate have unveiled plans for the Cleveland Clinic Global Peak Performance Center, set to redefine athlete training, community wellness, and urban development in downtown Cleveland. The center, spanning over 210,000 square feet and designed by renowned architectural firm Populous, represents a paradigm shift in the intersection of sports, medicine, and urban planning. Positioned along the picturesque Cuyahoga River, the facility will not only serve as the Cavaliers’ elite performance training hub but also cater to athletes from around the world and offer comprehensive care to the local community. At the heart of this visionary project is a commitment to enhancing athletes’ overall performance and well-being. Equipped with state-of-the-art training equipment, cutting-edge medical facilities, and staffed by experts in orthopedic surgery, sports medicine, cardiology, and more, the center aims to extend athletes’ careers and maximize their potential. Moreover, leveraging advanced technologies such as artificial intelligence and big data analytics, the center will provide novel insights into human performance, benefiting not only athletes but also medical patients, first responders, and the military. Beyond its athletic prowess, the Cleveland Clinic Global Peak Performance Center is a catalyst for urban revitalization. As the inaugural vertical development of Bedrock’s Cuyahoga Riverfront Master Plan—a $3.5 billion endeavor—the center embodies a commitment to accessibility and sustainability. Its strategic location fosters connectivity, with plans for public amenities like a kayak launch point, revitalizing the riverfront and invigorating downtown Cleveland. Dan Gilbert, Chairman of the Cleveland Cavaliers and Bedrock Real Estate, expressed excitement about the project’s transformative potential, stating, “This project is the first step in creating a more vibrant and growth-oriented neighborhood, transforming the look and feel of downtown.” Gilbert’s sentiments were echoed by Koby Altman, President of Basketball Operations for the Cavaliers, who hailed the center as a “generational game changer” that reinforces the team’s commitment to excellence. For the Cleveland Clinic, this venture represents the latest chapter in a longstanding partnership with the Cavaliers. Dr. Tom Mihaljevic, CEO and President of the Cleveland Clinic, emphasized the center’s broader impact on community health, stating, “The Global Peak Performance Center exemplifies the impact we can have when like-minded organizations come together.” As plans for the Cleveland Clinic Global Peak Performance Center take shape, anticipation builds within the Cleveland community and beyond. With groundbreaking anticipated before the end of 2024, the center stands poised to redefine the future of athlete training, community wellness, and urban development in Cleveland and beyond. If you would like more information on our Cleveland properties please email [email protected]

Revitalizing Neighborhoods: A Look at Fairfax, Glenville, and Hough Developments

In recent years, urban revitalization projects have gained momentum across the United States, aiming to breathe new life into neglected neighborhoods and communities. One such initiative has been unveiled in Fairfax, Glenville, and Hough—three historically significant neighborhoods that are now on the cusp of transformation. Let’s delve into these developments and explore the potential impact they hold for their residents and the broader community. Fairfax: Preserving History, Embracing Innovation Fairfax, located in Cleveland, Ohio, boasts a rich history as one of the first African-American suburbs in the country. Over the years, economic challenges and neglect have dimmed its once vibrant character. However, recent development plans seek to rejuvenate Fairfax while preserving its historical significance. One notable project is the restoration of historic landmarks, such as the iconic Karamu House, a renowned African-American theater and community center. Additionally, initiatives to improve infrastructure, housing, and access to amenities are underway, aiming to attract new residents and businesses to the area. Glenville: Fostering Economic Empowerment and Community Engagement Glenville, another Cleveland neighborhood, is undergoing a revitalization effort focused on fostering economic empowerment and community engagement. Collaborative ventures between local government, nonprofits, and private investors aim to address economic disparities and enhance quality of life for residents. Key components of the Glenville revitalization plan include the creation of mixed-use developments, affordable housing options, and support for small businesses. Moreover, initiatives promoting cultural enrichment and educational opportunities are integral to the neighborhood’s transformation, nurturing a sense of pride and belonging among its diverse population. Hough: Building a Sustainable and Inclusive Future Hough, a historic Cleveland neighborhood known for its pivotal role in the civil rights movement, is poised for a renaissance that prioritizes sustainability and inclusivity. Recognizing the community’s resilience and cultural heritage, development efforts seek to build upon existing strengths while addressing systemic challenges. Investments in green infrastructure, renewable energy, and sustainable transportation aim to create a more environmentally conscious and resilient neighborhood. Furthermore, initiatives promoting social equity, affordable housing, and access to healthcare and education are central to Hough’s redevelopment strategy, ensuring that all residents can benefit from its revitalization. Conclusion: The unveiling of revitalization projects in Fairfax, Glenville, and Hough signals a new chapter in the evolution of these historic neighborhoods. By leveraging their unique assets, fostering economic empowerment, and prioritizing community engagement, these developments hold the promise of creating vibrant, inclusive, and sustainable communities for generations to come. As stakeholders continue to collaborate and invest in the future of these neighborhoods, their transformation serves as a beacon of hope and inspiration for urban revitalization efforts nationwide. If you would like more information on our Cleveland properties please email [email protected]

Bloomberg’s Sustainable Cities Program Selects Cleveland as Beacon of Urban Sustainability

Cleveland, Ohio, joins a select group of 25 cities in the prestigious Bloomberg American Sustainable Cities program, marking a significant step towards fostering climate-friendly and equitable development. This initiative, backed by Bloomberg Philanthropies with a substantial $200 million investment over three years, aims to empower cities like Cleveland to leverage expertise and federal funding in pursuit of transformative urban solutions. The announcement, made by Cleveland Mayor Justin Bibb, heralds a new era of sustainability and resilience for the city. With Akron, Columbus, Cincinnati, Dayton, and Pittsburgh also among the chosen cities, this initiative represents a collective effort to address pressing environmental challenges while promoting inclusive growth. Central to the program’s objectives is the provision of dedicated staff members, funded by Bloomberg, to bolster Cleveland’s capacity in driving progress on climate mitigation and equitable outcomes. These skilled professionals bring expertise in data analysis, project management, and human-centered design, among other fields, equipping the city with the tools necessary to implement impactful initiatives. At the heart of the program lies the goal of helping Cleveland access historic levels of federal funding, made available through initiatives such as the Bipartisan Infrastructure Act and the Inflation Reduction Act. By leveraging these resources effectively, Cleveland aims to mobilize public, private, and philanthropic investments, catalyzing the implementation of high-impact urban climate solutions. Mayor Bibb emphasized the importance of addressing historical disinvestment in minority communities, which has left residents vulnerable to environmental hazards. By deploying climate solutions at the neighborhood level, particularly in communities like the Southeast Side, Cleveland seeks to reduce disparities and improve the health, wealth, and safety of all residents. With over $400 billion in federal funding available to local governments, the Bloomberg American Sustainable Cities program presents a unique opportunity for Cleveland to access critical resources for community development. By collaborating with partners such as PolicyLink, Bloomberg Center for Public Innovation at Johns Hopkins University, and the Natural Resources Defense Council, Cleveland aims to incubate and implement transformative solutions in the buildings and transportation sectors. The selection of Cleveland for this initiative underscores the city’s leadership and ambition in building resilient, equitable communities. Despite historical challenges, Cleveland remains steadfast in its commitment to advancing community prosperity amid the climate crisis. Through initiatives like the Bloomberg American Sustainable Cities program, Cleveland is poised to emerge as a beacon of sustainability, setting an example for cities nationwide. As the city embarks on this transformative journey, it stands ready to leverage the power of collaboration, innovation, and community engagement to create a more sustainable and equitable future for all Clevelanders. If you would like more information on our Cleveland properties please email [email protected]

Detroit turning industrial ruins into revitalised mixed-use spaces

The revitalization of massive Detroit industrial ruins into mixed-use spaces marks a significant chapter in the city’s ongoing transformation. Detroit, historically known as a hub of automotive and industrial manufacturing, faced severe economic decline and urban decay over recent decades. However, efforts to rejuvenate abandoned industrial sites into vibrant community spaces have gained momentum in recent years. Projects like the redevelopment of Michigan Central Station, Packard Plant, and other industrial complexes symbolize Detroit’s resilience and determination to repurpose its past for a brighter future. These initiatives often involve public-private partnerships, community engagement, and innovative design concepts to breathe new life into neglected spaces. The transformation of industrial ruins into mixed-use developments typically includes a blend of residential, commercial, cultural, and recreational elements. These spaces aim to create dynamic neighborhoods that attract residents, businesses, and visitors, fostering economic growth and revitalizing surrounding areas. Such projects not only preserve the architectural heritage of Detroit but also contribute to its cultural identity and economic diversification. By repurposing industrial ruins into vibrant mixed-use spaces, the city can reclaim its status as a center of innovation, creativity, and urban vitality. Moreover, these developments offer opportunities for job creation, affordable housing, and community engagement, contributing to the city’s long-term sustainability and prosperity. The transformation of Detroit’s Fisher Body Plant 21 into a mixed-use residential and commercial complex, named Fisher 21 Lofts, represents a significant step in the city’s redevelopment efforts, particularly on its near east side. Led by a team of African American businessmen under Kappa Construction Corp, this project aims to breathe new life into a dormant industrial site that has been abandoned since 1993. The redevelopment plans for Fisher 21 Lofts include 435 rental apartments, 38,000 square feet of commercial space, and various indoor and outdoor amenities, such as a food hall, café, co-working area, and internal atrium and courtyard. The location of the site, at the intersection of two major freeways, makes it a strategic spot for revitalization efforts. This ambitious project, with a budget of $145 million, showcases the commitment of developers Greg Jackson and Richard Hosey to reimagine and rebuild this historic site. Despite facing challenges in securing financing, including the need to knock on numerous bank doors and navigate various layers of financing, the project has garnered support from both public and private sectors. Detroit Mayor Mike Duggan initially expressed skepticism about the feasibility of saving the structure, but the developers’ track record and substantial investment changed the city’s stance. Crucial gap financing of almost $5 million from the Michigan Economic Development Corporation further facilitated the project’s progress. Furthermore, the developers are committed to diversity and inclusion in the construction process, aiming to involve Black, Hispanic, and female contractors as first-tier contractors, not just subcontractors. This commitment reflects their vision for an inclusive and equitable development process. In addition to Fisher 21 Lofts, another notable project on the far east side of Detroit is the rebuilding of the historic Arthur Murray dance studios into a mixed-use space named The Arthur Murray. This project, led by developer Emery Matthews, aims to preserve the building’s mid-century modern design while revitalizing the surrounding East Warren Avenue business strip. Both Fisher 21 Lofts and The Arthur Murray are among five projects in Detroit announced for grant funding totaling $14.5 million. These investments underscore the city’s commitment to promoting mixed-use developments led by diverse developers in strategic areas, contributing to Detroit’s ongoing revitalization efforts. If you would like information on our Detroit properties please contact us today.

All eyes are on the UK in the European Property Boom of 2024

Europe’s real estate market is on the brink of a significant resurgence, with the United Kingdom emerging as a frontrunner in this impending boom. Positioned as one of the most attractive markets due to substantial discounts, the UK is drawing increasing attention from investors by its resilient property sector and conducive investment environment. Industry reports from Savills and CBRE highlight the UK’s imminent upswing, propelled by a mix of factors and supported by its robust economic fundamentals. Despite global economic uncertainties, the UK presents itself as an attractive investment destination, offering a rapidly expanding property market, pent-up demand, and declining interest rates. Beyond economic factors, the UK’s appeal is bolstered by its robust legal and regulatory framework, instilling confidence among investors and affirming the nation’s reputation for delivering consistent returns over the long term. This confidence is reflected in the preference of international investors, with the UK ranking as the prime choice for cross-border investment in CBRE’s 2024 European Investor Intentions Survey. Leading this resurgence are investors from Taiwan, the US, Israel, and Japan, injecting substantial capital into key UK markets such as Britain, Germany, Spain, and the Netherlands. Despite a temporary decline in global cross-border real estate investment, the UK remains the preferred destination, poised to attract a significant portion of outbound investment, particularly from the US, expected to reach $13 billion in 2024. The diversity of the UK’s real estate market further enhances its allure, offering a wide array of investment opportunities across bustling urban hubs, picturesque countryside, and thriving coastal regions. This diversity, coupled with the UK’s status as a global financial powerhouse and innovation hub, positions it as a compelling destination for investors seeking stable and lucrative avenues for capital appreciation. Innovation within the UK’s real estate sector, supported by government initiatives such as plans for new housing and regeneration projects, underscores the country’s commitment to fostering a dynamic investment landscape. Infrastructure developments like the Ancoats’ Green project in Manchester are revitalizing local communities and driving demand for housing nationwide. As investors flock to the UK in anticipation of lucrative opportunities, the nation’s property market is poised for growth. Despite a minor dip in house prices in 2023, forecasts indicate a potential uptick in 2024, signaling a timely opportunity for investment. Regional cores, particularly in the Midlands and the East, are witnessing significant growth, presenting investors with promising entry points into the market. In summary, the UK’s leading role in the European property resurgence offers investors a compelling proposition characterized by stability, growth potential, and innovation. With property prices expected to rise and regional cores showing promising growth, now is the opportune moment for investors to explore the UK property market before prices escalate further. If you would like some information on our UK properties please email [email protected]

Transforming Detroit’s Historic Neighbourhoods : Millions Invested in Revitalisation Projects

The Detroit Economic Growth Corporation (DEGC) has secured a significant boost for Detroit’s development landscape, with a $14.5 million grant from the Michigan Economic Development Corporation (MEDC) through the Revitalization and Placemaking (RAP) 2.0 program. This funding injection is set to provide essential gap financing for five major mixed-use development initiatives, representing a total investment exceeding $255 million. These transformative projects are strategically positioned across downtown Detroit and vital neighborhood commercial corridors, aiming to invigorate communities and enhance economic opportunities. Today, amidst an atmosphere of celebration, the DEGC, along with Mayor Mike Duggan, Invest Detroit, Midtown Inc., and other city officials, convened at the Jefferson Intermediate School, one of the projects slated to benefit from this funding, underscoring the significance of these investments in driving progress within the city. “The RAP grant activates strategic Detroit developments to advance inclusive growth brick by brick,” remarked Kenyetta Hairston-Bridges, DEGC Chief Operating Officer and Executive Vice President. “This critical funding has the potential to uplift our neighborhoods through impactful housing, jobs, and services that Detroiters deserve.” These five projects, collectively valued at over $255 million, will introduce increased density to key areas through a combination of commercial spaces, market-rate housing, and workforce accommodations. Notably, the majority of these endeavors are spearheaded by African American developers, further emphasizing a commitment to diversity and local engagement in Detroit’s revitalization efforts. With four of the five projects expected to commence construction in the first quarter of 2024 and the Jefferson School already underway and halfway through completion, these grants will serve as vital reimbursement for developers as project phases are completed. The DEGC remains actively involved throughout the construction process, ensuring transparency and accountability to facilitate successful project delivery. The projects recommended for funding through the RAP program encompass a diverse array of initiatives, including: Broadway Lofts: Conversion of three buildings on Broadway Street into a mixed-use property, featuring residential units and ground-floor retail space. Fisher 21 Lofts: Transformation of a 600,000-square-foot building into residential units alongside retail and co-working spaces. The Arthur Murray Building: Conversion of a historically significant structure into residential apartments and ground-floor retail space. Jefferson Intermediate School: Renovation of a school building into a multi-tenant office and innovation/co-working space. The Deco: Revitalization of a long-vacant commercial building into rental apartments and a ground-floor restaurant. These initiatives stand as testament to the collaborative efforts driving Detroit’s resurgence, fostering inclusive growth and revitalization that benefits all residents and stakeholders. If you like more information on our Detroit properties please contact [email protected]

Major Developments Planned for Detroit in 2024 & 2025

Detroit has changed drastically in the last 10 years to become one of the best cosmopolitan cities in the US, the skyline of Detroit, once a symbol of industrial might, is now full of modern innovation and urban revival. In downtown you see new modern glass and steel skyscrapers, designer brand and international fashion houses, award winning restaurants, sleek sleek office complexes. 10 years ago the sidewalks were quiet and people were reluctant to walk the streets, today you’ll see the signs of change. Sidewalks are full of excitement, leading to the newest additions to Detroit’s architectural tapestry. The buzz of conversation about these developments fills local coffee shops and street corners with pride. So you would think they have done enough to revitalise Detroit, you are wrong they haven’t even started, now we look a the huge new developments that are planned for 2024 & 2025 Hudson’s Site Detroit’s Hudson’s site is one of the most anticipated developments of 2024. One of the development’s two buildings was projected to be the tallest structure in Detroit at 800 feet, then at 900 feet with an observation deck, before it was brought down to 684 feet. Although its height will be second to the Renaissance Center’s, this doesn’t impair the elegance of the structure’s glass facade nor negate the availability of 1.5 million square feet of office, retail, hotel, and residential space, which contains 97 luxury condos. Hart Plaza At the center of Hart Plaza’s $9 million renovation — funded by President Joe Biden’s American Rescue Plan Act — is the restoration of the 1981 Horace E. Dodge and Son Memorial Fountain. The plaza’s restoration also includes repairing the amphitheater’s seats. Other technical aspects of the plaza will also be addressed, such as updating the fire alarm systems and replacing plumbing. Gordie Howe International Bridge The construction of what will be the longest cable-stayed bridge span in North America has been going on since 2018, and the end is near. The project was conceived to improve travel efficiency at the Windsor-Detroit Gateway (the Detroit-Windsor Tunnel and the Ambassador Bridge), the busiest commercial land border between the U.S. and Canada Michigan’s First RH Gallery Downtown Birmingham will be home to Michigan’s first full-service RH (formerly known as Restoration Hardware) gallery. The first three levels of the mammoth four-story building will serve as a showroom to display lighting, furniture, and textiles, while a restaurant is planned for the fourth level. Ford’s Michigan Central Station One of the most dramatic rehab jobs in the nation, the formerly abandoned Michigan Central Station off Michigan Avenue in Corktown, will reopen next year as new office, events and community space — and possibly later add a hotel. Joe Louis Arena site apartments, hotel A 25-story glass tower has been built where the old arena stood, and is expected to open in February. Known as The Residences at Water Square, the building contains 496 luxury apartments and went up fast by recent Detroit standards, taking roughly two years from start to finish. Co-Op grocery A new full-service grocery store is coming to 8324 Woodward in the North End. The two-story, 31,000-square-foot Detroit Food Commons building will contain the Detroit People’s Food Co-Op, a cooperatively owned grocery that will be open to the public. The building also will have community spaces and an incubator kitchen for food entrepreneurs. AC Hotel Construction is underway of a new 10-story, 154-room Marriott International AC Hotel. The project includes the restoration of the 120-year-old Bonstelle Theatre — situated next door to the hotel — as future special events space. Both buildings could be finished in September. United Artists Theater building Redevelopment of the 18-story United Artists Theater Building, 150 Bagley St., into a 148-unit, mixed-income residential building called the Residences @ 150 Bagley has been underway since early 2022 and on pace for a possible summer opening. Big New Center development Several segments of a $3 billion collaborative development in Detroit’s New Center area involving Henry Ford Health, the Detroit Pistons organization and Michigan State University are to get underway in 2024. The biggest is a 1.1-million-square-foot expansion to Henry Ford Hospital. It includes a new 21-story hospital tower along West Grand Boulevard and allows for the conversion of all the hospital’s patient rooms — an 877 bed count — into private rooms. Construction could begin in early 2024 for a 2029 completion. District Detroit + UMCI Construction could be in full swing next year on two big separate yet related developments: the $1.5 billion District Detroit and $250 million University of Michigan Center for Innovation, or UMCI. Detroit is turning into an incredible City and we are proud to be part of the journey over the last 12 years, its great to see the City returning to its former glory.