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When It Comes To Real Estate, Data Shows Two Very Different Detroits

Detroit has a hot market in the central core, but the city’s overall real estate market is still facing a lot of headwind. The gap is large. $429,000 units – like the new Selden development – are pre-selling available units out in mere days, and big-name folks like Tony Hawk are moving in while the city as a whole still is tied for the most unsold homes owned by banks and lowest median home price appreciation in the country, according to a new report out today by Detroit is al...

Eastern Market’s Shed 5 Renovations Revealed

$8.5 million has been put into renovating Shed 5 at Detroit’s Eastern market, and it was unveiled to the public on Saturday May 2. The building required structural and mechanical upgrades, but the renovations also included the addition of a community kitchen, an indoor event space, and an outdoor plaza. The much anticipated community kitchen will offer rentable, commercial space for start-ups, established chefs, businesses, and the public. In addition to offering a venue to prepare food for ev...

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