The Renaissance in Perfect View
5.5 million square feet of commercial space in 7 towers on 14 waterfront acres. The plan to open the waterfront up by demolishing two of the towers to provide public space access to downtown and the waterfront.
THE
PLAN
The Redevelopment Plan
General Motors and Bedrock have unveiled a bold $1.6 billion proposal to reimagine Detroit's iconic Renaissance Center and 27 surrounding acres along the Detroit riverfront. The plan aims to transform the 1970s landmark into a dynamic mixed-use
complex focused on housing, offices, and entertainment while preserving the essence of Detroit's skyline. The redevelopment includes the demolition of two 39-story towers in the five-skyscraper complex, freeing up valuable riverfront space for redevelopment while preserving the city's skyline.
A centerpiece of the redevelopment plan is the creation of
public spaces, a riverfront park, and a pedestrian promenade designed to better connect downtown Detroit to the waterfront. Additionally, a low-rise base structure connecting the skyscrapers
will be removed, making way for a glass podium that extends toward the Detroit River. East of the site, existing parking lots will be replaced by landscaped areas and low-lying buildings to enhance the area's aesthetic and usability.
THE
PLAN
The Redevelopment Plan
General Motors and Bedrock have unveiled a bold $1.6 billion proposal to reimagine Detroit's iconic Renaissance Center and 27 surrounding acres along the Detroit riverfront. The plan aims to transform the 1970s landmark into a dynamic mixed-use complex focused on housing, offices, and entertainment while preserving the essence of Detroit's skyline. The redevelopment includes the demolition of two 39-story towers in the five-skyscraper complex, freeing up valuable riverfront space for redevelopment while preserving the city's skyline.
A centerpiece of the redevelopment plan is the creation of public spaces, a riverfront park, and a pedestrian promenade designed to better connect downtown Detroit to the waterfront. Additionally, a low-rise base structure connecting the skyscrapers
will be removed, making way for a glass podium that extends toward the Detroit River. East of the site, existing parking lots will be replaced by landscaped areas and low-lying buildings to enhance the area's aesthetic and usability.
The RenCen is in the Center of the Detroit Renaissance
Detroit
The Detroit Recovery over the past decade from a $1.8 billion bankruptcy into a nationwide model for urban renewal is nothing short of amazing. From the most dangerous city in America to one of the best places to live in America.
Detroit
The Detroit Recovery over the past decade from a $1.8 billion bankruptcy into a nationwide model for urban renewal is nothing short of amazing. From the most dangerous city in America to one of the best places to live in America.
Riverfront
The once blighted industrial Detroit River has been voted America's best Riverwalk for 3 years running. The 3.5 miles of riverfront walkway, parks, pavilions, recreation and entertainment venues are next level.
Iconic GM Building
The Renaissance Center is an iconic building on the Detroit skyline. Redevelopment plans will make it the crown jewel and a game changer in the remaking of one of America's greatest cities.
PROFIT FROM RIDE OF DETROIT WAVE.
All investments have risk, and the best laid plans can change. Yet, if there was ever an opportunity at the right place and right time and the right circumstances, this would be at the top of the list.
All investments have risk and the best laid plans can change. Yet, if there was ever an opportunity at the right place and right time and the right circumstances, this would be at the top of the list.
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THE RENN DETAILS
LEGAL
The information herein has been prepared for educational purposes only and does not constitute an offer to purchase or sell securitized real estate investments. Such offers are only made through the Sponsor’s Private Placement Memorandum (PPM) which is solely available to accredited investors and accredited entities. The RENN investment is only available to accredited investors (generally described as having a net worth of over $1 million dollars exclusive of primary residence) and accredited entities only.
If you are unsure if you are an accredited investor and/or an accredited entity, please verify with your CPA and Attorney.
iDream Enterprises”), through this website or any other medium, should be construed or is intended to be a recommendation to purchase, sell or hold any security or otherwise to be investment, tax, financial, accounting, legal, regulatory or compliance advice. Nothing on this website is intended as an offer to extend credit, an offer to purchase or sell securities or a solicitation of any securities transaction.
The material contained on this website is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy, sell or hold a security or investment strategy and is not provided in a fiduciary capacity. The information provided does not take into account the specific objectives or circumstances of any particular investor or suggest any specific course of action. The information represents EquityMultiple’s view of the current market environment as of the date appearing above. There can be no assurance that any EquityMultiple fund or investment will achieve its objectives or avoid substantial losses. Investment decisions should be made based on an investor’s objectives and circumstances and in consultation with her or her financial professionals. Past performance is no guarantee of future results.
All research and other information provided on this website has been prepared for informational purposes only and EquityMultiple assumes no liability or responsibility for any errors or omissions in the content of this website or any linked website.
There are material risks associated with investing in real estate including liquidity, tenant vacancies, general market conditions and competition, lack of operating history, interest rate risks, the risk of new supply coming to market and softening rental rates, general risks of owning/operating commercial and multifamily properties, short term leases associated with multi-family properties, financing risks, potentially adverse tax consequences, general economic risks, development risks, long hold periods, and potential loss of the entire investment principal. Potential cash flows/returns/appreciation are not guaranteed and could be lower than anticipated. Diversification does not guarantee a profit or protect against a loss in a declining market. It is a method used to help manage investment risk. Because investor situations and objectives vary this information is not intended to indicate suitability for any particular investor.
This material is not to be interpreted as tax or legal advice. Please speak with your own tax and legal advisors for advice/guidance regarding your particular situation.
Please consult the appropriate professional regarding your individual circumstances. The information contained herein is preliminary for information purposes only. The actual investment of property performance may not be similar to what is presented. This site is published for residents of the United States only. Representatives may only conduct business with residents of the states and jurisdictions in which they are properly registered. Therefore, a response to a request for information may be delayed until appropriate registration is obtained or exemption from registration is determined. Not all services referenced on this site are available in every state through every advisor listed. For additional information please email [email protected]
The information herein has been prepared for educational purposes only and does not constitute an offer to purchase or sell securitized real estate investments. Such offers are only made through the Sponsor’s Private Placement Memorandum (PPM) which is solely available to accredited investors and accredited entities. The RENN investment is only available to accredited investors (generally described as having a net worth of over $1 million dollars exclusive of primary residence) and accredited entities only.
If you are unsure if you are an accredited investor and/or an accredited entity, please verify with your CPA and Attorney.
iDream Enterprises”), through this website or any other medium, should be construed or is intended to be a recommendation to purchase, sell or hold any security or otherwise to be investment, tax, financial, accounting, legal, regulatory or compliance advice. Nothing on this website is intended as an offer to extend credit, an offer to purchase or sell securities or a solicitation of any securities transaction.
The material contained on this website is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy, sell or hold a security or investment strategy and is not provided in a fiduciary capacity. The information provided does not take into account the specific objectives or circumstances of any particular investor or suggest any specific course of action. The information represents EquityMultiple’s view of the current market environment as of the date appearing above. There can be no assurance that any EquityMultiple fund or investment will achieve its objectives or avoid substantial losses. Investment decisions should be made based on an investor’s objectives and circumstances and in consultation with her or her financial professionals. Past performance is no guarantee of future results.
All research and other information provided on this website has been prepared for informational purposes only and EquityMultiple assumes no liability or responsibility for any errors or omissions in the content of this website or any linked website.
There are material risks associated with investing in real estate including liquidity, tenant vacancies, general market conditions and competition, lack of operating history, interest rate risks, the risk of new supply coming to market and softening rental rates, general risks of owning/operating commercial and multifamily properties, short term leases associated with multi-family properties, financing risks, potentially adverse tax consequences, general economic risks, development risks, long hold periods, and potential loss of the entire investment principal. Potential cash flows/returns/appreciation are not guaranteed and could be lower than anticipated. Diversification does not guarantee a profit or protect against a loss in a declining market. It is a method used to help manage investment risk. Because investor situations and objectives vary this information is not intended to indicate suitability for any particular investor.
This material is not to be interpreted as tax or legal advice. Please speak with your own tax and legal advisors for advice/guidance regarding your particular situation.
Please consult the appropriate professional regarding your individual circumstances. The information contained herein is preliminary for information purposes only. The actual investment of property performance may not be similar to what is presented. This site is published for residents of the United States only. Representatives may only conduct business with residents of the states and jurisdictions in which they are properly registered. Therefore, a response to a request for information may be delayed until appropriate registration is obtained or exemption from registration is determined. Not all services referenced on this site are available in every state through every advisor listed. For additional information please email [email protected]
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