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…