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Old 04-25-2013, 12:01 PM
 
Location: Los Angeles (Native)
25,303 posts, read 21,509,745 times
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What part of detroit do you think would be the best to invest that $5,000.

I've seen prices go up a lot in other areas/cities...it seems Detroit does have the potential with what is going on right now.
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Old 05-04-2013, 08:51 AM
 
171 posts, read 303,735 times
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Here's another update:

Quicken's Dan Gilbert teams up with retailers to revive downtown

[LEFT]
From The Detroit News: Quicken's Dan Gilbert teams up with retailers to revive downtown | The Detroit News | detroitnews.com
[/LEFT]
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Old 05-13-2013, 09:32 AM
 
2,990 posts, read 5,292,655 times
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I'm sure he has an IQ about twice mine but... Napoleon also invaded Moscow.

I'm not saying he'll lose money, he's probably too smart for that. But I doubt his plan will work. Sadly. Bless him. I hope it does. But I have to agree with the urban planner on this one, the only new developments that are sustainable happen organically, more or less.
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Old 05-17-2013, 09:13 AM
 
Location: Grosse Ile Michigan
30,708 posts, read 79,935,751 times
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Quote:
Originally Posted by animatedmartian View Post
Not just one billionaire. There's also the Kresge Foundation, Mike Illitch, and Roger Penske doing their part to improve the city.

Dan Gilbert's efforts are just most out in the open, I think. His vision also brings back downtown Detroit in bite sized pieces rather than larger singular projects.
There are a handful of mere millionaires jumping in with them them as well (well some are not jumping in, they have bee around for decades hoping to get things moving). And there are more foundations, Ford has one. I am forgetting the names of the others right now, one other starts with a K.
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Old 05-17-2013, 09:18 AM
 
Location: Grosse Ile Michigan
30,708 posts, read 79,935,751 times
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Quote:
Originally Posted by MarvinStrong313 View Post
It is true. Good news about Detroit on a paper like NYT is great. I didn't read the whole 4 pages but I skimmed through. I think they kind of exaggerated on the second paragraph though. Saying Detroit doesn't have a rush hour. Ill like to take the author for a ride along I-75 or 696 or even parts of I-94 during rush hour lol. But I think Dan Gilbert, Ilitch, Penske, and others has a vision that many of us do, he just has the money to make it a reality. I believe positivity can turn anything around over time. He could be a start of dozens and maybe even hundreds of investors. We know this place can be a prime location. Especially around the riverfront. In the near future I can see the riverfront becoming a very expensive place.
Detroit is already turning around. The year to year changes during the past four years are huge. New restaurants are beginning to open up. Buildings are being restored and converted to apartments. Nice apartments and condos are rented/sold before they are completed. The loss of brownfield funding was a blow but there is probably enough momentum now to keep things moving forward. I talked to about 30 people last nigh who recently moved downtwon or midtown and everyone of them loves it and have no plans of leaving.
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Old 04-13-2014, 12:09 AM
 
164 posts, read 283,070 times
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Quote:
Originally Posted by animatedmartian View Post
Not just one billionaire. There's also the Kresge Foundation, Mike Illitch, and Roger Penske doing their part to improve the city.

Dan Gilbert's efforts are just most out in the open, I think. His vision also brings back downtown Detroit in bite sized pieces rather than larger singular projects.
Memphis, St Louis, New Orleans, Atlanta, and Columbia, SC want Dan Gilbert too....
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Old 04-13-2014, 05:57 AM
 
Location: Michigan
4,647 posts, read 8,615,494 times
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Quote:
Originally Posted by xhgz View Post
Memphis, St Louis, New Orleans, Atlanta, and Columbia, SC want Dan Gilbert too....
Atlanta seems like the odd one out in that list. I mean, the city sees plenty of development right? When I drove through there like a year or so ago, there were several skyscrapers being built all over the place.
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Old 04-13-2014, 03:28 PM
 
164 posts, read 283,070 times
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Quote:
Originally Posted by animatedmartian View Post
Atlanta seems like the odd one out in that list. I mean, the city sees plenty of development right? When I drove through there like a year or so ago, there were several skyscrapers being built all over the place.
The downside is those cities do not have someone like Dan Gilbert especially Dan's commitment. Also, Dan Gilbert bought those office spaces because his own business could move to those vacant buildings. That is why his model is successful. However, he still takes mortgage on those properties for renovation.
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