Crain's Detroit Business

Detroit's Thanksgiving Day parade is making a pit stop on CNN this year.

GM and Dan Gilbert's RenCen vision is contingent on taxpayers sharing the cost — and their timing is no coincidence.

Jeff Bezos and his fiancée, Lauren Sánchez, have made a $2.5 million gift to Detroit emergency shelter and housing provider COTS. COTS is?among 40 homelessness nonprofits across the U.S. sharing in $110.5 million?donated by the couple through the Bezos Day 1 Families Fund this year. via Crain's Detroit Business Read more here: https://lnkd.in/gAVUgQnq

Big news in Detroit today: General Motors and Dan Gilbert's Bedrock are proposing a $1.6 billion plan that would demolish two Renaissance Center towers and open up the Detroit Riverfront to development -- including an envisioned sports and entertainment complex like Chicago's Navy Pier https://lnkd.in/gJcqYMzn

Scoop with David Eggert and Kurt Nagl in Crain's Detroit Business: General Motors and Dan Gilbert's Bedrock Detroit are planning to tear down two of the automaker's five Renaissance Center towers as part of a reimagining of the long-struggling complex the automaker is vacating next year in a major realignment of the city’s business and commercial real estate landscape. Two of the 39-story office towers — 300 and 400 — on the Detroit riverfront are slated for demolition, freeing up more land for public space along the water. One of the remaining towers is slated for residential conversion into some 300-400 units, while another is expected to undergo an overhaul as spruced-up office space for new tenants, Kofi Bonner, CEO of Bedrock, said in an interview with Crain's. The 1,300-room Detroit Marriott at the Renaissance Center hotel tower, the state’s tallest building at 73 stories and 727 feet, would also be carved up; reducing the hotel to some 850 rooms on the lower levels and reserving the top levels for what Bonner described as high-end residential space. Read more here; this story is developing and will be updated https://lnkd.in/eyXTrenp

General Motors Co. and Dan Gilbert's Bedrock LLC are planning to tear down two of the automaker's five Renaissance Center towers as part of a reimagining of the long-struggling complex the automaker is vacating next year in a major realignment of the city’s business and commercial real estate landscape. Two of the 39-story office towers — 300 and 400 — on the Detroit riverfront are slated for demolition, freeing up more land for public space along the water. One of the remaining towers, the 100 tower, is slated for residential conversion into some 300-400 units; while the other 200 tower is expected to undergo an overhaul as spruced-up office space for new tenants, Kofi Bonner, CEO of Bedrock, said in an interview with Crain's. The 1,300-room Detroit Marriott at the Renaissance Center hotel tower, the state’s tallest building at 73 stories and 727 feet, would also be carved up; reducing the hotel to some 850 rooms on the lower levels and reserving the top levels for what Bonner described as high-end residential space. The vision would create a new Wintergarden-like structure providing better riverfront access for the hotel for events, plus additional commercial space, a GM spokesperson said. "We really wanted to open up the RenCen complex to the riverfront and provide a pathway to downtown, connected to downtown," Bonner said in an interview. "It's 5.5 million square feet, and it's 5.5 million square feet of two use types (office and mall-like retail) that aren't as ... prominent in the marketplace as they were when these buildings were built." Bonner said demolishing the two office towers closest to the river begins to right-size the office footprint in a challenging office environment and also provides additional land for more riverfront park space. Read more from Kirk Pinho, David Eggert and Kurt Nagl: https://lnkd.in/gmb7bXh6

The 49 honorees on Crain's Notable Nonprofit Board Leaders leverage their professional skills and extensive networks to provide strategic direction, secure crucial funding and recruit the right talent to their organizations. Congratulations to the honorees: Steven Ambrose - Michigan Science Center Karisa Antonio - COTS Detroit David Barfield - The Nature Conservancy Michael Barry - Volunteers of America Michigan Dave Basile - American Lung Association Wendy Batiste-Johnson - Community Foundation of Southeast Michigan Chuck Binkowski - Life Remodeled Christopher Blake - Corewell Health in Southeast Michigan Rebecca Bray - Forgotten Harvest Jackie Buchanan - Lighthouse MI Ian Burnstein - Gary Burnstein Community Health Clinic Robert Casalou - Make-A-Wish Michigan Richard Chang - United Way of Washtenaw County Ahmad Chebbani - American Arab Chamber of Commerce Lane Coleman - Detroit Institute of Arts Dennis Cowan - Oakland Community Health Network James Michael Curenton - MOSES (Metropolitan Organizing Strategy Enabling Strength) Anthony Earley - Detroit Zoological Society Julie Fream - Corewell Health Michael French - Mariner's Inn Jared Gajos - Alliance of Coalitions for Healthy Communities Eva Garza Dewaelsche - Detroit Wayne Integrate Health Network James Giszczak - Susan G. Komen Michigan Carol Goss - COTS DETROIT Cheryl Hawkins - MiSide Community Impact Network Eric Huffman - YMCA of Metropolitan Detroit Al Kammerer - Friends for Animals of Metro Detroit Bill Kinley - Riverside Arts Center Catharine B LaMont - Detroit Horse Power Wendy Lewis Jackson - Detroit Future City Sheri Mark - Ronald McDonald House Charities Detroit Mary Pat Meyers - Shades of Pink Foundation Stephanie Miller - MiSide Community Impact Network Andrew Ottaway - Forgotten Harvest Amy O'Leary - Six Rivers Land Conservancy Kathie Patterson - Big Brothers Big Sisters of Southeast Michigan Brian Pilarski - Advancing Macomb Anup Popat - United Way for Southeastern Michigan Louis Prues - Presbyterian Villages of Michigan Kellie Ray - Covenant House Michigan Mariyah Saifuddin - CARES in Farmington Hills Honorees continued in comments...

Traverse City's small but mighty airport is planning a big expansion.

The $12 million redevelopment of the old Cadieux School is taking shape in an area with few options for condo or rental living.

Meijer is doubling down on smaller-format stores as it weighs a return to 24-hour locations.