Rolling Out — October 2024 David Alade reflects on a decade of building Century Partners with Andrew Colom, the pair’s roots in Alpha Phi Alpha fraternity, and their long-term commitment to Black-owned, community-rooted development in Detroit.
Crain’s Detroit Business — February 2023 David Alade discusses his leadership of READ (Real Estate Association of Developers), the organization’s mission to advocate for Black developers in Detroit, and a $50,000 general support grant from the Ford Foundation.
Essence Magazine — September 2020 print issue A national feature on how Andrew Colom and David Alade left careers in real estate and banking to build Century Partners, and how the company helps Detroit’s Black residents build generational wealth.
Model D Media Century Partners recognized for its work managing rental housing across Boston-Edison, North End, and East English Village, and for its role in the Fitzgerald Revitalization Project.
The Hub Detroit Century Partners partners with The Platform and the City of Detroit on Fitz Forward, a $4 million redevelopment of over 300 parcels in the Fitzgerald neighborhood.
Playground Detroit Century Partners partners with crowdfunding platform Rabble to let everyday investors participate in the rehabilitation of historic Detroit neighborhoods, building on $3.4M already deployed toward 60+ housing units.
The word “renaissance” is used often in Detroit. It fits nicely with the city’s motto: “We hope for better things; it will rise from the ashes.” Judging by the good things in the past few years, the renaissance is real. Those who doubt it should look again: at the new businesses, the events, the crowds…
Dana Morris has lived in Detroit’s Fitzgerald neighborhood off and on her entire life, and she’s watched her block on Prairie Street deal with many of the same problems faced by other disinvested areas of the city. Over the years, Morris and her neighbors (many are relatives) have kept up the block: mowing the empty…
Three years ago, Atkinson Street became a test case for a pair of successful millennials who wanted to see how much change they could create on one Detroit street by purchasing blighted homes and renovating them. Their plan to focus on one street appears to be working and now city officials believe the pair’s work…
Note: you must register for or subscribe to Crain’s Detroit Business to read this article. Two years ago, David Alade was building a comfortable career in New York City as an investment banker at Credit Suisse Securities LLC. The 29-year-old Queens native was managing asset transactions in the automotive, equipment, student loan and credit card…
What do you hope for Detroit in 20 years? Colom: I think we’ll see some diverse neighborhoods filled with people biking around. I think we’ll see some young children living in the neighborhoods, because once they resolve the state control of the public education system, a lot of innovative thinking will come here like it…
When we talk about investment in Detroit, the likes of Dan Gilbert or Christopher Ilitch come to mind. Certainly Gilbert has led the way in buying downtown buildings, reshaping the look of downtown Detroit. But today, we’re going to look at investment in Detroit’s neighborhoods. Andrew Colom and David Alade both gave up jobs to move to…
Andrew Colom, 33, and David Alade, 29, ditched jobs in real estate and banking to start Century Partners, a development firm aimed at revitalizing neighborhoods in the Motor City.
WJBK) – Detroit’s economic climate is changing for the better, and one area we’re keeping our eyes on to hopefully see more growth, too, is the neighborhoods. What if everyday people could own equity in their neighborhood’s resurgence? With this new business model, a development company is trying to share the wealth. David Alade and his…
In Detroit, many of the brick mansions built in the boom days of the auto industry have fallen into neglect and disrepair. Even just a few blocks from the construction site for the new Red Wings stadium, houses are gutted and crumbling. But in those rundown historic homes, Andrew Colom and David Alade, two college…
When developers fixed up a vacant house on Detroit’s historic Atkinson Street—refinishing the hardwood floors, adding stainless steel appliances, and bringing back the beauty of the classic brick home so it could be rented—some of the neighbors made a cut of those profits, too. In a new business model, the development company behind the renovation…
Andrew Colom and David Alade believe that longtime Detroiters should profit from the revitalization of their city. And they don’t mean that as a metaphor. These two men are old friends who moved to Detroit in 2015 to launch Century Partners, an unusually holistic housing development company. Colom came from Mississippi, where he pursued writing and…
David Alade and Andrew Colom moved to Detroit from their respective homes of New York and Mississippi this year to take a risk on the city’s uncertain future. They buy, renovate and rent out houses in a historic neighbourhood close to the site of the 1967 race riots, and where both Henry Ford and Motown…
Very excited to share a few Before and After shots of 506 Westminster. Working very hard and rebuilding sustainable homes in Detroit neighborhoods is no easy task, but we get the job done. Grey counter tops, backsplash and marble bathrooms for an added beautiful touch. Enjoy! What’s your favorite detail in this home?
To:CS_Internal_Employees@email.com Subject: Thank you and Farewell Friends and Colleagues, Today, I leave New York City, the only city I’ve ever called home, along with a life-long collection of friends and colleagues, to make a new home in the city I believe represents the greatest modern possibility in the world: Detroit. My peers, family and mentors…
“Without malls and megaplexes, some say Detroit represents the death of the American city. Those who live here, however, know that without these distractions there is space to really consider what a healthy and vibrant city looks like. Detroit’s development is at a critical juncture. As it continues to grow and attract more residents, its…
“Three million dollars can barely buy a new townhouse in Brooklyn these days, but it could be enough to purchase a bundle of more than 6,000 foreclosures up for auction in Detroit. The cost of dealing with the many blighted buildings included in the Detroit mega-auction means a $3.2 million bid received last week—roughly the minimum allowable bid of…
“If you’ve never personally stepped foot in the lovely city of Detroit — or read up with our coverage of its culture scene, no judgment — your understanding of the (technically) Midwestern metropolis may be boiled down to Eminem’s portrayal of it in ‘8 Mile.’” http://www.huffingtonpost.com/2014/10/16/hanksy-detroit-_n_5992818.html?&ncid=tweetlnkushpmg00000067
“Keeping up with the dining scene in Detroit these days is a full-time job. It seems that every time I return from my travels, a flurry of emails from foodie friends informs me of yet another restaurant or distillery that has opened, or gastronomic “event” I have missed, like a “Book & Bread” dinner at…
“Corktown, once a desolate strip just west of downtown Detroit, is a serious hotbed of new restaurants, bars, hotels and more, all sitting in the shadow of one of the most glaring icons of Detroit’s demise, the skeleton of the old train depot, Michigan Central Station. In this ailing city, people look at Corktown as…
“If you’ve never been to Detroit and only know what you see in the news, a story about the city’s future could seem confusing. Change is brewing in the Motor City. New projects are targeting investment in hotspots like downtown and Midtown, and the city’s neighborhoods could see major transformations under long-term plans like Detroit Future…
“Detroit is broke, but it didn’t have to be. An in-depth Free Press analysis of the city’s financial history back to the 1950s shows that its elected officials and others charged with managing its finances repeatedly failed — or refused — to make the tough economic and political decisions that might have saved the city…
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