Our hearts leap each time we hear about a new redevelopment project on or near Detroit's riverfront or the Dequindre Cut, like this one regarding the vintage late-19th century Globe Trading Co. building that was announced to much fanfare last week.
An excerpt:
Under a deal for the building, the Detroit Economic Growth Corp., a quasi-public board that holds title to the Globe on behalf of the city, will sell it for $1 to a local entity created by the Roxbury Group, a Detroit-based developer. Roxbury will then develop it to the DNR's specifications with the help of a construction loan from Key Bank.
Read more in the Freep
here.