3,600 new apartments and condos planned in Detroit
Midtown stood alone in Detroit for much of the past decade as the place that attracted new residents, new housing and new investment in a city that sought renaissance for generations. Today, that district – located north of downtown in the heart of the cultural and medical center – is poised for the changes coming from rapid residential development that is channeling $938 million toward new housing. The announced development pipeline calls for nearly 2,900 new homes added to the district - most of them apartments - according to Midtown Detroit Inc. That's compared to 6,072 housing units that were located there at the end of 2015, with another 730 under construction now. In the last 10 years, $4.4 billion of investment targeted the area, peaking at either end of the Great Recession. It's a place north of downtown where commercial construction is leading massive change, in the form of The District, 45 blocks anchored by the new Red Wings area and developed by the Ilitch family. Public investment is coming from Wayne State University as it builds new student housing and facilities, like a new business school. And destination retail is finding a home, from Whole Foods to Shinola to restaurants that largely favor Michigan-based operators.
