Real Estate Roundup 3/23/2016

State board approves $837,000 in tax breaks for apartment, retail project
Jim Harger, Mlive.com

The Michigan Strategic Fund Board has approved $837,000 in local tax breaks for One Carlton LLC, an apartment and retail project being built at the corner of Carlton Avenue and E. Fulton Street.

Inside The Most Audacious Real Estate Project In The World
Dan Alexander, Forbes.com

The entire property is now worth an estimated $3.6 billion, with land selling at more than 25 times its original price.

Developer Abandons Plans for 31-Bed Housing Co-Op
Jim Harger, Mlive.com

Cooperative housing developer Jim Jones said he is walking away from his plan to redevelop a former bishop's residence, hospital, funeral home and headquarters for Thresholds Inc. in the Eastown neighborhood.