After preliminary designs from Detroit-based commercial real estate firm Bedrock were presented Wednesday, the Downtown Development Authority approved a timeline for construction for the historic Woodward Avenue Hudson’s site to occur by Dec.1. The new schedule aligns the groundbreaking of the Hudson’s development with the Michigan Thrive initiative, an economic development tool supported by more than 40 communities throughout Michigan.
RACER Trust, an entity formed to sell excess property from General Motors Co. as part of its 2009 bankruptcy, today announced it has completed the sale of 3.7 acres off University Drive in downtown Pontiac to George W. Auch Co., a 109-year-old general contractor and construction management firm that will build its new corporate headquarters on the site.
Seeking to increase higher education opportunities in the region, the Detroit Regional Chamber has created Detroit Drives Degrees, a program to connect more high school students with financial aid offerings that will enable them to attend and stay in college.
Detroit-based gigabit Internet provider Rocket Fiber today announced a partnership with the Detroit Lions to upgrade the capacity of Ford Field’s Internet capabilities to 10 gigabytes, giving fans who visit each year access to faster, more reliable Internet service.
Detroit-based WestCongress Insurance Services today announced it is a newly-created managing general agent for the specialty commercial insurance marketplace. The company recently completed the tribunalization process with Lloyd’s of London, which authorizes the firm as a coverholder, providing direct access to Lloyd’s market.