Found 2 blog entries tagged as real estate development.

Detroit’s small business scene just got a major shot in the arm. In a move that has local entrepreneurs buzzing, the Gilbert Family Foundation is investing over $4 million to uplift Black-owned businesses and developers in the city. Announced during National Black Business Month, this initiative isn’t just another grant announcement, it’s a community-driven effort to build wealth and opportunity in Detroit’s neighborhoods. For a city that proudly hosts roughly 50,000 Black-owned businesses, this influx of support comes at a crucial time. What does $4 million mean for Detroit’s Black entrepreneurs, and how will it shape our communities? Let’s dive into the details in plain English, from one lifelong Detroiter to another.

Black Leaders Detroit, Facebook

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Troy, Michigan – For years, anyone driving past Big Beaver Road and Coolidge Highway could see the hulking shell of the former Kmart headquarters, a local landmark left empty since 2006. This 40-acre site, once nicknamed “Fort Kresge” for its fortress-like design, sat as a reminder of Troy’s retail history and its dormant potential. Now, a dramatic transformation is underway. The Troy City Council has greenlit an ambitious redevelopment dubbed Somerset West, and a $40 million philanthropic gift from a prominent local family is jump-starting a state-of-the-art University of Michigan Health center on the property. This mix of public-private momentum has residents buzzing – and with good reason. The project promises to turn an empty office complex into a…

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