GM building luxury condos in Detroit
Posted Friday, Jul 04, 2008 by k0b
GM, delivering on promises to make Detroit all it can be, is getting into the development game. The General has given Hines Real Estate, out of Houston, a 6-acre riverfront plot next to the Renaissance Center where Hines plans to build 600 luxury condominiums. The condos, to be built in three phases, will go for anywhere from $300K to a $1M, and GM will get a cut of the profits. Hines oversaw the RenCen makeover, and built Detroit's Comerica tower.
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Tags: GM
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