What Downtown Development Means for Detroit
John Gallagher and JC Rendl provide ongoing coverage of the oncoming wave of development in downtown Detroit.
After an earlier article focused on a collection of expected redevelopment projects, the current article looks at the larger effects of the wave of residential development expected for downtown Detroit.
For instance, "[d]uring the year, landlords raised rents as much as 15% in the Brush Park district, 14% in New Center and 10% in the areas around Wayne State University and the Detroit Medical Center, according to a Midtown Detroit survey."
The article includes more commentary about the state of the market and what it means for downtown as well as surrounding neighborhoods and the city as a whole.