  Ericsprague Member Username: Ericsprague Post Number: 9 Registered: 02-2006 |
Detroit's Contrarian Condo Builders, Buyers Sense an Opportunity Downtown http://www.bloomberg.com/apps/ news?pid=20601103&sid=axYMsnxo TmfU&refer=us | ||
Noggin Member Username: Noggin Post Number: 89 Registered: 09-2004 |
I heard a quote from Chris Ferchill, vice president of Ferchill Group developer of the Book Cadillac on Bloomberg Radio. He said that Detroit has the largest architecturally interesting inventory of undeveloped early 20th century large buildings in the country. He said that Detroit had a lot of potential. | ||
Mind_field Member Username: Mind_field Post Number: 717 Registered: 10-2003 |
Interesting. I'm surprised that ALL of the condos are not sold in the Book Cadillac. Aren't there only 3 or 4 left? Maybe the info is outdated. | ||
Nyct Member Username: Nyct Post Number: 39 Registered: 01-2007 |
it's gotta be outdated. the first paragraph says that detroit has the worst violent crime rate. didn't st. louis take that title away recently? | ||
Queensfinest Member Username: Queensfinest Post Number: 98 Registered: 08-2006 |
In any case the crime rate is still consistently near the top of the list every single year. Not like Detroit suddenly dropped out of the top 50 or even top 10, right? Overall, a nice article from a respected source. | ||
Kslice Member Username: Kslice Post Number: 22 Registered: 04-2007 |
A few million dollar condos are Ok but they need more NICE middle class housing downtown. Appartment buildings where people can live and got to work in Detroit. People who buy million dollar condos bring money not work. | ||
Iheartthed Member Username: Iheartthed Post Number: 740 Registered: 04-2006 |
^Gotta start somewhere... | ||
Jdkeepsmiling Member Username: Jdkeepsmiling Post Number: 256 Registered: 01-2006 |
Kslice, You forget that those people who bring money also spend money. If money did not generate jobs then why is every retailer clamoring to get into Northville and W. Bloomfield. Money creates jobs... not always the best jobs, but people with million dollar homes need food and accountants and lawyers and all the other that come with that lifestyle. By them being downtown, they will tend to use these services downtown, creating jobs and helping to revitalize the area. JD. | ||
6nois Member Username: 6nois Post Number: 217 Registered: 11-2006 |
All good things in time. | ||
Defendbrooklyn Member Username: Defendbrooklyn Post Number: 156 Registered: 11-2005 |
Detroit offers plenty of middle class houses...5k and up...you might be able to get the best hood but you will be in the D... What are the Book condos selling for? |
