In mid-2012, Andrew Wallace and his son, Nathaniel, bought a two-bedroom condominium in Detroit’s then-gritty and desolate Brush Park for $90,000.


DETROIT — The city’s top two real estate developers touted their massive downtown construction projects as examples of Detroit’s economic resurgence at a Urban Land Institute conference on Wednesday.

And Ilitch Holdings CEO Chris Ilitch said the current surge in development activity represents just the beginning for Detroit.

The Urban Land Institute’s annual Spring Meeting gathers thousands of real estate …

Last May, the Ilitch organization declared it was about to embark on one of the largest residential development projects Detroit had seen in decades, announcing plans for six buildings that would create 686 residential units, with 139 of those units reserved for “affordable housing.”

On Monday, the Ilitches’ Olympia Development of Michigan said it has changed some of those plans. …

Trying to figure out the Detroit real estate market isn’t the easiest task, but we do know that good properties don’t last long on the market here. We also know that people love to look at Detroit real estate. Perhaps that’s what makes the Motor City one of the hottest markets in the country. released their list of the …

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