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The Detroit real estate market is severely undervalued with excess inventory of bank owed homes. At the same time, there are many people in desperate need of safe, affordable housing.
24.6 billion dollars have been committed to Detroit’s revitalization making the city one of the largest downtown renovation projects in the country.
Major outside investors and industry are moving in to be a part of Detroit’s renaissance. Financially solvent, future oriented retail chains indicative of neighborhoods on the rise (Starbucks, Home Depot, Whole Foods) have opened or will soon open doors in Detroit.
In spring of 2008, Quicken Loans relocated their headquarters to downtown Detroit creating over 4,000 new jobs.
Strategically located on waterfront shipping lanes, Detroit’s infrastructure has a capacity for 2,000,000 people while the current population is only half that number.
Detroit is home to four professional sports teams, the Detroit Red Wings (NHL), the Detroit Tigers (MLB), the Detroit Lions (NFL) and the Detroit Pistons (NBA). In addition, Detroit recently hosted a Super Bowl and a World Series and in 2008, the Detroit Red Wings won the coveted Stanley Cup.
There are three successful casinos operating in Detroit.
The Ambassador Bridge linking the city to Windsor, Canada is the nation’s second busiest international border crossing.
The Detroit Film Commission’s generous incentives are attracting out of state production of movies and TV programs.
According to the latest statistics, tourism is on the rise.
Detroit has a rich cultural and architectural heritage and is bordered by some of the wealthiest suburbs in America.
Cork Town, Detroit’s oldest neighborhood, is leading the way in a region-wide food and cultural renaissance with restaurants and bars that attract thousands of people per week from all over the city, the suburbs and neighboring Windsor, Canada.
Rentals in Detroit are in high demand.
Investors can purchase property that offers immediate positive cash flow and substantial equity employing a business model that does not rely on appreciation for profit.
Below please find a sampling of articles on Detroit’s resurgence and a gallery of photos showcasing the city’s diverse beauty.
To learn how you can participate in Detroit’s renaissance with a low risk, high yield investment that helps rebuilds this great city, visit our Properties page.
"New York Times" article on The $100 House
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"Detroit Free Press" article on Booming Downtown Hotels
(original article)
"Detroit Free Press" article on the Westin Book Cadillac Hotel Opening
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"Detroit Free Press" article on Light Rail Link On Woodward Avenue
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"Crain's Detroit Business" article on Corktown Development
(original article)
"The Detroit News" article on Detroit becoming a mecca for gays
(original article)