The Detroit Bundle Group Presents "The Making of a Model Community in Detroit “ by One of the World's Greatest Land Planners

The Detroit Bundle Group Presents "The Making of a Model Community in Detroit “ by One of the World's  Greatest  Land Planners

  

The City  of Detroit  was designed by the best planners and civil engineers of its day, yet Detroit’s foundation was based on knowledge and technology that existed over 100 years ago.  What Detroit currently needs is an innovative approach to its urban redevelopment.  If there’s any hope in regaining our city’s former glory, we must be aggressive in its redevelopment efforts. In order to achieve this success, Detroit must not only be competitive, but it must also offer significant advantages over its suburban competitors. 

Herb Strather says the Detroit Bundle Group (DBG) offers a solution that will get our communities redevelopment plans on a progressive track.  The first step towards this solution is forging a collaboration between DBG and Rick Harrison Site Design Studio.

Rick Harrison was raised in Detroit and has since become an international world class land planner.  Mr. Harrison has been contracted by over 300 developers and designed over 800 developments in 46 states and 18 countries.  He has won hundreds of awards  and is now aligned with the Detroit Bundle Group to help re-create the "D"

DBG, along with partnerships with individuals like Rick Harrison is currently creating the necess.ary collaborations to see to it that Detroit takes back it's proper place in the world.

Please join us on Monday, November 24th, at 6:30pm as we listen to Rick Harrison and Herb Strather talk about their thoughts on building Detroit’s 21st Century model neighborhood.  This lecture will be located at The Tower Center  (15400 Grand River, Detroit, MI, 48227). 

Food and refreshments will be served. 

please RSVP on the event page or call 313. 444.969

Limited Seating.

The Blight Bundle Bidder is a Detroiter!

Detroit Bundle, LLC is the sole official bidder of the Detroit blight bundle, and it is led by none other than well-known Detroiter Herb Strather. The other members are his partners and students of Strather Academy, a non-profit real estate educational arm of Strather Associates. Strather wants to redevelop the city together with Detroit’s community based organizations, churches and major stakeholders. He is willing to invest his own resources and believes he is the most qualified person to lead the way.

The blight bundle consists of over 6,000 of Detroit’s worst properties which includes 4,000 parcels with vacant and burned up structures,  1,000 vacant lots and 1,000 houses in various  conditions of disrepair.  Why would anyone want to buy this?

Strather says his group submitted a bid because he was informed by county officials that several people had paid the required $25,000 deposit and any of them could submit a bid. “The idea of some outsider coming in here and buying up 6,000 parcels did not sit well with me. I felt I had to act now or forever hold my peace. Instead of selling off parcels we should be consolidating them and making deals with community groups and developers for redevelopment. I am bothered that no one is talking about a grand plan other than Midtown”.

Provided with support from major stakeholders and city planners, Strather believes the community groups are strong enough to do this.  He understands the complexity of redeveloping a city as big as Detroit. Even his supporters agree that this job is too big for any individual.  Many say Strather is good but… can he pull this off? “I don’t know” says Tanya Griffin a former student of Strather Academy.  “If anyone can, he can.   I know he is extremely knowledgeable”

“This is not a job for an individual.  It is a job for the community and we have strong community developers like Grandmont- Rosedale, Warren-Conners and Brightmoor Alliance just to name a few” says Strather.  “Furthermore if we win the bid, we will lead the way with a stakeholder summit, community charrettes and teaching so we can give our community the knowledge they need to succeed. I plan to start a TV show called “Redeveloping Detroit and will teach live each week”

Strather Academy together with Lawrence Technological University  already planned to start a course that intends to teach students by actually developing 28 blocks adjacent to Grandmont subdivision. They would propose to acquire all of the vacant house east of Asbury Park to Greenfield and south of Grand River to Schoolcraft and build a model community. The model community would have light poles that have lights, sound detectors, cameras and possibly solar power provided support from a foundation such as Public Safety or DTE Foundations.

Strather is used to pulling off big deals. He closed 2 billion in deals, created the commercial casino industry in Detroit and redeveloped the Jefferies Projects into Woodbridge Estates.

Strather states, “This is my bid to lead the way in redeveloping our city. My entire life I have dreamed about this.   I hope to get the Mayors blessing to move this dream forward for all of us. I look forward to working with homeowners wanting to reclaim their home, community developers looking to rebuild blocks of houses, professional developers with large scale developments and individuals who want to become a developer. It is safe to say that we at Strather Academy www.stratheracademy.com  intend to create the next generation of developers that will see to it that Detroit take back it proper place in the world”.

The Reverend Wendell Anthony of Fellowship Church supports Strather’s efforts.  “I hope the entire city gets behind Strather.  He has done more deals, built more Optimist Clubs and donated more money than any other African-American living in the City.  Plus, he has a track record of working with churches and community leaders – he’s our man.”

Strather’s group has 21 days to convince the Mayor and County Treasurer that they are the ones to do the job and enter into a development agreement with the City (and Treasurer).  If they are able to do so, they win the bid.  Strather says his group plans to work with the Detroit Land Bank Authority for disposition.  “We plan to sequester all parcels the DLBA wants or have committed to with homeowners and community groups before we take title or sell off parcels.  I can’t wait to meet with the community groups and get started!”

Interested parties should contact Herb Strather @ (313) 444-9691.

For all interviews please contact PR Manager, Princess-Odilia at (313) 446-6900 Ext. 5

 

Herb Strather, A One Man Army Committed to Redeveloping Detroit

Herb Strather is an optimist committed to the city of Detroit. Worldwide, he has established 140 Optimist Clubs and has closed more than $2 billion in real estate transactions in and around Detroit. He has donated millions to charities and believes Detroit is by far the most exciting and opportunity-filled place in the world.

Strather admits that, like so many others, he lost millions during the recession, but is enjoying himself getting it back, and at the same time teaching others how to profit by bidding and buying Wayne County Auction deals and leveraging real estate.

He went through the recession in 1980 when interest rates and vacancy rates both went to 20 percent. At that time he was noted for putting together the biggest deals in Southeast Michigan, including Hunter Ridge Condos in Farmington Hills for $43 million and the Republic Development Company apartment portfolio reduction for $65 million.

“I have been to this movie before and made millions,” said Strather.    “This time around I am going to carry a few entrepreneurs with me. My goal is to create the next generation of urban developers that will see to it that Detroit communities are reinvented and Detroit’s reputation is restored. I am focusing on hands-on education.”

Strather, who lectures occasionally at Harvard University Divinity School Summer Leadership Institute, believes the best way to educate developers is hands-on  — that is, to actually do deals with them. He created Strather Academy and requires all of his students to close a real estate transaction as a prerequisite for graduation.

Strather was the main principal in the creation of  the casino industry in Detroit. He collected enough signatures to put the measure on the ballot, and after winning, became the chairman of Motor City Casino. His group eventually sold their interest to Marion Ilitch for $110 million in 2005. He then went on a buying and building spree. When the market crashed in 2008, Strather had $60 million in bank loans and several projects under development which all took a serious hit along with his net worth.

Right now Strather is getting his money back buying properties with partners and Interns from the Wayne County Auction, bank foreclosures and acquisition strategies.

“The auctions are tremendous,” he said. “Where else in the world can you buy property for pennies on the dollar and get your money back within 2 to 24 months? My students have invested $145,000 and acquired about $1 million in equity. However,  you have to be very careful and do it right. I would not advise any outside investors to come in and try this at home alone. I want people who invest in Detroit to succeed. I am offering free advice  to potential investors on my website by posting a list of 10 major mistakes bidders must avoid.”

Strather is doing all he can to convince Detroiters to participate in what he calls “the greatest deals in the world.”

At Strather Academy, participants are busy with seminars, webinars, real estate guides and hands-on buying techniques.

“The Wayne County Auction is without a doubt the greatest real estate auction in the world, with 20,000 parcels on the block. Many Detroiters are either unaware or sleeping through this opportunity. I plan to wake them up,” said Strather.

Wayne County charges $2,000 to register to bid, even if the bid is only $500.  Strather Academy is making it easier for interested parties to bid by allowing students to bid through the academy without the deposit. For those seriously interested, Strather holds affordable classes where the students learn clever bidding techniques and make team visits to the properties up for auction to determine the occupancy situation, the condition, future use and the maximum bid price.

Strather is offering an abundance of resources to get Detroiters interested in the upcoming auction, including a free webinar, a real estate resource guide for just $9.95,  a four-hour seminar with limited seating for just $24, this Saturday, Oct. 4, at Tower Center, 15400 Grand River at Greenfield, and a 100- hour round table live bidding for $499.   Interested parties should go to http://www.stratheracademy.comto register.

 

The Michigan Chronicle- October 2, 2014

Where are the Detroit Developers?

Believe it or not, Detroit is one of the hottest cities in the world, abundant with opportunities. Investors all over the world are asking which way is Detroit? And yet, Detroit developers seem asleep at the wheel… sleeping through the greatest recession of our lifetime. Where are the Detroit developers?

By Detroit developers I mean people like you and I that will find, fund, fix-up and flip properties for a good return and community pride. This is our city and we need to participate in it’s revival.

Think about this: In just a few years, Detroit will be debt-free with a tremendous amount of cleared land ready for redevelopment. It should have new, smart street lighting (with security features) and a revamped police department. The economic picture looks even better. Look around you, most of the cars are older which means years of pent up demand for automobiles. The auto industry will be hiring engineers and computer wizards for a long time. As a matter of fact, SE Michigan now hires more computer and engineer geeks than any area outside of Silicon Valley.

We also have 25 percent of the fresh water in the world. Sooner or later, industries will move here or come seeking water to survive. Just look at the Pepsi Co. bottling plant on Russell and Mack. It bottles and ships our water around the world, to the tune of $4.6 billion last year. Yet, no one has thought about doing a joint venture with DWSD to accomplish the same thing. After all, it is our water.

Wake up, Detroiters! Others are eating our lunch at our own kitchen table.

I intend to do something about this. Those persons interested in helping to redevelop the city and become developers/investors in Detroit are encouraged to contact institutions offering developers courses such as Lawrence Technological University; Taubman School of Architectural and Urban Planning at the University of Michigan and Strather Academy which intends to create the next generation of urban developers.

If you decide to help Detroit restore its proper place in the world, first seek knowledge from experts to maximize your chances of success.

Crain's Detroit Business- September 5, 2014