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Downtown Detroit Condo Sells For $1.8 Million

Remember when it was all the rage to talk about $500 houses in Detroit? Well, in the downtown area, fortunes have changed quite a bit. In a building that at one time stood vacant for more than 20 years and now named the Westin Book Cadillac (it also has a hotel), a 2,500 square foot condo has sold for $1.8 million. “Obviously, this sale set a benchmark, and I think if you asked people three to five years ago if this number was possible, people would look at you like you were crazy,” said Kyl...

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