Here are a few of the stories we're reading this week.

A new owner for the Grosfield Building

Last year, we reported on the sad state of the handsome Grosfield Building on Michigan Avenue. Part of it had gone up in flames and was demolished. But the three-story brick building with the turret was still standing. Now, we once again have hope? The building has a new owner, developer Christos Moisides, who bought it for $1.775 million. The deal includes most of the block with the building. Plans include residential and a restaurant, but most importantly just trying to save the building at this point. Best of luck. We're all rooting for this building. Crain's Detroit Business

New hotels on the way

A slew of new hotels are under construction, and the Free Press has updates on a few of them. The Cambria Hotel, with 158 rooms, on the west side of downtown has been under construction for a while, and should open to guests by the end of the year. The Roost Hotel. with 118 rooms, in the Book Tower restoration is also on track to open next year. The Godfrey Hotel construction along Michigan Avenue in Corktown is very visible, bringing 227 rooms next year. Also expect hotel space at Michigan Central and the Hudson's site. And the long-awaited Temple Hotel next to the Masonic Temple looks to be back on track after a work stoppage. Detroit Free Press

A look into Banglatown

Model D profiles the people and businesses that make up Banglatown, which includes areas in both Detroit and Hamtramck. Many Bangladeshi families started moving to the area in the 1990s, and they now make up a large part of Hamtramck's population and culture. The area's also part of the Strategic Neighborhood Fund, with improvements like streetscaping and the recent renovation of the Transfiguration School