Posts tagged with "1001 woodward":

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Frustrated transit advocates blast ballot delay by Detroit’s Regional Transit Agency

detroit_light_rail_01 Detroiters have heard before that the Motor City could see better mass transit as soon as 2015. Local and state leaders came together in 2012 to form the area’s first regional transit agency (RTA), but Streetsblog reported locals are losing patience with Michigan’s newest RTA. detroit_light_rail_02 While waiting times for buses drag on, frustration grows. The RTA recommended holding off on a ballot measure for another two years, prompting a protest march from transit advocates. They marched from the Rosa Parks Transit Center to the board’s meeting place at 1001 Woodward, one of many Rock Ventures developments in the region (Read a Q&A with Rock Ventures real estate chief Jim Ketai here). We Are Mode Shift reported even members of the RTA are losing faith:
Larry Dilworth, a member of the board’s Community’s Advisory Committee and the disabilities advocacy group Warriors on Wheels, told board members he had considered stepping down from his position with the CAC due to doubts about the RTA’s short-term effectiveness.
RTA’s chief executive John Hertel resigned in January in part because of concerns about funding stability—a problem that still plagues transit efforts in a region with a long history of sprawl, segregation, and steep financial challenges. Detroit’s light rail project, the Woodward Light Rail Line, got a boost last year from former U.S. Transportation Secretary Ray LaHood in the form of $25 million in federal TIGER funding. The 3-mile long light rail system along Woodward Avenue would include 11 stops running from the city’s downtown to New Center.
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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.