Eight stories of hopeful revitalization in Midtown Detroit. As Detroit's resurgence moves forward, the Strathmore Hotel will become simply Strathmore. It will hold a mixture of affordable and upmarket 1 and 2 bedroom apartments and it's the latest in a string of projects.
Where Detroit real estate is concerned, Sue Mosey, president of Midtown Detroit says supply can't keep up with demand.
"It's not keeping up really in the spaces that we have for 12 business, both emerging startups, regional companies that want to come here, and national retail as well," Mosey said. "We need to build a lot more product. We're all going to have to continue to work together to keep up with these deals."
Detroit Mayor Mike Duggan says it needs to be fair.
"If we could open 5,000 new housing units in this city tomorrow, we could fill them up. We want to make sure that as we build those housing units, they're available to everybody," Duggan said.
When the $28 million project is complete, the ground level will feature 2000 square feet of commercial space. Construction is expected to begin within 30 days.
If you want to be a tenant they already have a pre-leasing phone number. Just call Midtown Detroit at 313-420-6000.