Dan Gilbert Adds Two Towers to Detroit Real Estate Portfolio.  1001 Woodward, on right Dan Gilbert, Quicken Loans founder and perennial champion of Detroit’s downtown real estate market, recently added two skyscrapers to his collection. The two towers are on Detroit’s Woodward Avenue. He acquired the 1916 Albert Kahn-designed Vinton Building (left) in December and scooper up the 1001 Woodward tower (right), built in 1965, this month. For more insight on the company’s real estate enterprise, which now totals 2.8 million square feet of commercial and residential space in Detroit, read our Q&A with Gilbert’s real estate partner Jim Ketai here.

 

Detroit Light Rail Back On Track With $25 Million Grant

Midwest | Wednesday, February 6, 2013 | .
What light rail could look like in Detroit. (Courtesy M1 Rail)

What light rail could look like in Detroit. (Courtesy M1 Rail)

Outgoing U.S. Transportation Secretary Ray LaHood announced recently that Detroit’s M-1 Rail project, aka the Woodward Light Rail Line, will receive $25 million in federal TIGER funding. The plans for this 3-mile long light rail system along Woodward Avenue will include 11 stops running from the city’s downtown to New Center. According to the Detroit Free Press, $100 million has already been raised of the light rail line’s $140 million price tag. Officials said the first trains could be running by the end of 2015.

View the light rail route map after the jump.

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