It's the first time in years updated plans have been revealed for Midtown development.
Crain's Detroit Business
Newspaper Publishing
Detroit, MI 51,149 followers
The premier business news and data outlet in Detroit and Southeast Michigan.
About us
Since 1985, Crain's Detroit Business has served Southeast Michigan's business influencers and decision makers with must-have news and information that can't be found anywhere else. Crain’s is the leader in the coverage of Detroit on the rise and the economic and policy issues that affect every business and professional in Southeast Michigan with one aim: helping them succeed. We offer deep and broad coverage of real estate, health care, banking/finance, sports, manufacturing, nonprofits, technology, education, law, entrepreneurship, advertising/marketing, defense, services, retail, food, hospitality/tourism, life sciences, energy and transportation.
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External link for Crain's Detroit Business
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Updates
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Michigan is scooping up more Detroit land for its downtown satellite campus.
UM set to buy more Detroit land for Center for Innovation
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The independently owned Bobcat Bonnie’s gastropub is navigating pushback from its staff this fall over allegations of harassment and complaints regarding working conditions, forcing one of its restaurants to temporarily close and prompting a labor demonstration at another. The Ypsilanti location at 200 W. Michigan Ave. temporarily closed after service on Sunday while ownership investigates allegations of inappropriate behavior by managers. Bobcat Bonnie’s owner Matt Buskard announced the plans in a note to employees that was shared to social media. All events scheduled for this week at the restaurant have been canceled, according to the post. The temporary closure comes as a group of Bobcat Bonnie’s employees have come together in an effort to push for better work schedules, resolve some pay issues and bring better management to the nine-year-old chain. A group of staffers calling themselves Bobcats United plan to picket 11 a.m. to 7 p.m. Oct. 17-20 outside the Ferndale location at 240 W. Nine Mile Road. The group wrote on its website that about 30 Bobcat Bonnie’s employees signed a petition and hand-delivered it to Buskard on Oct. 7. Read more: https://lnkd.in/gvgZZ_it
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A tough-to-sell Wayne County mansion has finally found a buyer — at a 59% discount.
'Palatial' Northville mansion with a name sells at auction for $2.9M
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The Jeep and Ram parent is hauling employees back to the office.
Stellantis ends work-from-home push after management shakeup
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A $55 billion microchip plant is inspiring familiar hopes and fears in Michigan.
Megasite development ignites hopes and fears in Flint area
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A fixture of the Detroit skyline is no longer — and it isn't the RenCen.
Crews remove tower crane from Hudson's skyscraper
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An electric RV startup is betting on a place for manufacturing in Detroit's burgeoning tech industry. Corktown-based Grounded recently closed its first pre-seed funding round totaling $3.5 million. The round was led by Chicago-based firm The 81 Collection and New York-based Also Capital, with contributions from San Francisco-based Side Door Ventures, as well as Michigan Rise and the Michigan Outdoor Innovation Fund. Tony Lyscio, a SpaceX STARLINK development manager, and tristan walker, of Atlanta-headquartered health startup Walker & Company Brands, Inc., also contributed. Pre-seed funding is typically the first major funding round a startup completes when founders are developing a prototype. It usually rakes in between $500,000 and $1 million — a fraction of what Grounded raised. Grounded founder and CEO Sam Shapiro said he’s faced difficulties fundraising as a hardware startup, but Grounded’s pre-seed round of $3.5 million shows there are investors that still value hardware-focused companies, especially in a Detroit market that's saturated with software-as-a-service startups. "(We need to) encourage the Detroit investor ecosystem to invest in more hardware and physical businesses,” Shapiro said. “I think hardware businesses have the biggest opportunity to have a large impact societally, looking forward to the next decade." "The world is becoming smaller, more mobile, and more flexible," said Alex Kirshenbaum, co-founder of The 81 Collection, in a news release. “We see a future where businesses evolve to get closer to customers, and Grounded makes that a reality." Grounded was the first startup to take up residence at Newlab, the tech hub affiliated with Michigan Central. It moved into the building in October 2022, months before it opened to the public. Shapiro, an Atlanta native, worked as a SpaceX engineer and a TripleLift product leader before moving to Detroit to start his first company Shapiro had been eyeing the emerging startup ecosystem in Austin to build Grounded, he told Crain's in April, but ultimately chose Detroit for its rich history in hardware and manufacturing. Read more from Anna Fifelski: https://lnkd.in/gpReSrKj
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These CEOs, founders, innovators and community champions are shaping Southeast Michigan — and will be for years to come.
40 Under 40 2024 | Crain's Detroit Business
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“Growing up in the neighborhood here, you either made it or you didn’t. This was a good job then. It’s a good job now.”
How do Great Lakes freighters get their DoorDash? This 150-year-old Detroit company
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