By investing $1.3 billion in downtown Detroit, Dan Gilbert's bullish attitude towards the city's future has stood out amidst the city's recent troubles. But developers are beginning to buy into his rosy vision for the Motor City.
"Despite a fiscal plight that forced the city to seek Chapter 9 bankruptcy protection five months ago, the real-estate market has been picking up in Detroit's downtown core," observes Matthew Dolan. "Mr. Gilbert has led the charge by buying dozens of properties and moving in 3,800 of his employees from suburban offices and creating another 6,500 jobs downtown since 2010, according to the company."
"But lately, other investors have begun buying trophy buildings and starting to develop apartments to meet the rising demand from workers who prefer downtown living," he adds. "The projects show that some real-estate investors are looking beyond the bankruptcy to an eventual rebound in Detroit."
FULL STORY: Billionaire's Detroit Buying Spree Starts to Spread
The Mall Is Dead — Long Live the Mall
The American shopping mall may be closer to its original vision than ever.
Report: Las Vegas, Houston Top List of Least Affordable Cities
The report assesses the availability of affordable rental units for low-income households.
‘Micro-Apartment’ Trend Underscores Housing Crisis
SROs are making a comeback under a new name as the housing supply remains strained and costs soar.
Colorado Town Fills Workforce Housing Need With ‘Dorm-Style’ Housing
Median rent in Steamboat Springs is $4,000 per month.
Indian States Give Women Free Bus Passes
The programs are part of an initiative aimed at helping more women join the workforce and improving access to basic needs.
Study: How to Revitalize Downtown Minneapolis
A proposal calls for a reevaluation of the city’s skyways, a focus on street-facing businesses, and an improved public realm.
City of Yakima
City of Auburn
Baylands Development Inc.
HUD's Office of Policy Development and Research
Mpact Transit + Community
HUD's Office of Policy Development and Research
City of Birmingham, Alabama
City of Laramie, Wyoming
Colorado Department of Local Affairs
Urban Design for Planners 1: Software Tools
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