Investing in Detroit's Renaissance

Dan Gilbert, the founder and chairman of Quicken Loans Inc., is perhaps one of Detroit's biggest boosters of late. And he's putting his money where his mouth is.

Daniel Howes reports on Gilbert's bullish optimism for investment and development opportunities in Downtown Detroit and on his efforts to attract young professionals to the city.

"Gilbert's buying spree - the Madison and the Dime Bank building, the First National Bank building and the Chase Tower, to name four - is driven as much by attractive economics and an entrepreneur's nose for first-mover advantage as any do-gooder philanthropic urge to save downtown."

"'We are almost at that proverbial tipping point in Midtown and downtown, if we aren't already there,' [Matt] Cullen [Matt Cullen, president of Gilbert's Rock Ventures], says of the mounting urban momentum despite the city's financial troubles."

Full Story: Gilbert remains bullish on the D

Comments

building block set

NEW! Build the world you want to see

Irresistible block set for adults when placed on a coffee table or desk, and great fun for kids.
$25

Prepare for the AICP* Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $245
Book cover of Contemporary Debates in Urban Planning

Contemporary Debates in Urban Planning

Featuring thought-provoking commentary and insights from some of the leading thinkers and practitioners in the field.
$18.95

Essential Readings in Urban Planning

Planning on taking the AICP* Exam? Register for Planetizen's AICP * Exam Preparation Course to save $25.