Regions Midwest | Detroit
Detroit to Get $371M Rail System
April 30, 2008

The city of Detroit announced plans to construct a two-rail rapid-transit system along Woodward Avenue from downtown to 8 Mile. An estimated $371 million light-rail system will allow commuters to park in 400 spaces at the State Fairgrounds and ride to and from downtown with stops at 13 to 15 sheltered stations. The Detroit Transit Options for Growth Study concluded an 18-month review about what corridor and type of transit would be the best bet for the city, Detroit Free Press reported. Construction is set to begin in three years, with an estimated 11,000 riders a day by 2013.

 
Recent Detroit Headlines
Chrysler to Expand Detroit Plant with 285,000-SF Addition
Aug. 15, 2008
Chrysler L.L.C. has announced that it will develop a 285,000-square-foot building at its Jefferson North Assembly Plant in Detroit as part of its planned $1.8 billion investment in new vehicle programs.
Pfizer's Plymouth Township Building Selected for New Life Science Hub
Aug. 01, 2008
The 57,500-square-foot building in Plymouth Township that was once a Pfizer laboratory is being eyed by a group of organizations--including the Michigan Economic Development Corp., Ann Arbor SPARK, the Greater Wayne Economic Development Corp. and a private foundation--for the site of the new Life Science and Innovation Center.
Vehicle Developer Finds a 37,500SF Home in Suburban Detroit
July 25, 2008
The automotive industry in Detroit may be battered but it's not beaten. U.K.-headquartered Gibbs Technologies, a globally recognized developer of high-speed vehicles for consumer and military use, has chosen a property in Auburn Hills as the home of its new North American headquarters.
Detroit Industrial Market Remains Strong
July 23, 2008
According to the Midyear 2008 National Industrial Report by Marcus & Millichap, industrial property operations in Detroit will be challenged this year, even as restructuring efforts by the Big Three automakers are beginning to ease, and the metro is projected to shed fewer positions than during each of the past two years.