Discuss Detroit Archives - Beginning January 2007 Positive national article about Detroit residential development Previous Next
Top of pageBottom of page

Ericsprague
Member
Username: Ericsprague

Post Number: 9
Registered: 02-2006
Posted on Wednesday, May 09, 2007 - 9:48 pm: Edit PostDelete PostMove Post (Moderator/Admin Only)

Detroit's Contrarian Condo Builders, Buyers Sense an Opportunity Downtown

http://www.bloomberg.com/apps/ news?pid=20601103&sid=axYMsnxo TmfU&refer=us
Top of pageBottom of page

Noggin
Member
Username: Noggin

Post Number: 89
Registered: 09-2004
Posted on Wednesday, May 09, 2007 - 10:31 pm: Edit PostDelete PostMove Post (Moderator/Admin Only)

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.
Top of pageBottom of page

Mind_field
Member
Username: Mind_field

Post Number: 717
Registered: 10-2003
Posted on Thursday, May 10, 2007 - 8:15 am: Edit PostDelete PostMove Post (Moderator/Admin Only)

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 Maybe the info is outdated.
Top of pageBottom of page

Nyct
Member
Username: Nyct

Post Number: 39
Registered: 01-2007
Posted on Thursday, May 10, 2007 - 8:41 am: Edit PostDelete PostMove Post (Moderator/Admin Only)

it's gotta be outdated.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?
Top of pageBottom of page

Queensfinest
Member
Username: Queensfinest

Post Number: 98
Registered: 08-2006
Posted on Thursday, May 10, 2007 - 9:14 am: Edit PostDelete PostMove Post (Moderator/Admin Only)

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.
Top of pageBottom of page

Kslice
Member
Username: Kslice

Post Number: 22
Registered: 04-2007
Posted on Thursday, May 10, 2007 - 9:55 am: Edit PostDelete PostMove Post (Moderator/Admin Only)

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.
Top of pageBottom of page

Iheartthed
Member
Username: Iheartthed

Post Number: 740
Registered: 04-2006
Posted on Thursday, May 10, 2007 - 10:06 am: Edit PostDelete PostMove Post (Moderator/Admin Only)

^Gotta start somewhere...
Top of pageBottom of page

Jdkeepsmiling
Member
Username: Jdkeepsmiling

Post Number: 256
Registered: 01-2006
Posted on Thursday, May 10, 2007 - 10:18 am: Edit PostDelete PostMove Post (Moderator/Admin Only)

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.
Top of pageBottom of page

6nois
Member
Username: 6nois

Post Number: 217
Registered: 11-2006
Posted on Thursday, May 10, 2007 - 10:27 am: Edit PostDelete PostMove Post (Moderator/Admin Only)

All good things in time.
Top of pageBottom of page

Defendbrooklyn
Member
Username: Defendbrooklyn

Post Number: 156
Registered: 11-2005
Posted on Thursday, May 10, 2007 - 10:47 am: Edit PostDelete PostMove Post (Moderator/Admin Only)

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?

Add Your Message Here
Posting is currently disabled in this topic. Contact your discussion moderator for more information.