Real estate investment could reach $1.2B in area you can walk around in 45 minutes

May 10, 2016 | By Ian Thibodeau | MLive 

DETROIT – It would take about 45 minutes to circumambulate the area seeing over a billion dollars in investment in downtown Detroit right now.

News broke over the weekend that the city of Detroit is trying to get a $267-million mixed-use development off the ground. If all goes as planned, the development group (which includes a Dan Gilbert company) would redevelop the site of the former Brewster-Douglass projects and two parcels in Eastern Market.

Around 1,000 housing units and between 30,000 and 45,000 square feet of retail space would be built.

In the area bounded by Cass Avenue, Erskine Street, and the Chrysler and Fisher Service Drives, there are multiple million-dollar projects bringing housing and retail to the historic neighborhood.

Next to Brewster-Douglass project, which is still in its early planning stages, the Gilbert-affiliated Brush Park Development Company is in the initial phases of a $70-million project near the Brewster-Douglass site, which will bring 400-units of housing and new retail space through six multi-story apartment buildings, 17 townhomes, and multiple blocks of duplexes and carriage homes to the neighborhood.

View full article on MLive 

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