Over the last few years we have seen huge developments all across Detroit, last year we seen the groundbreaking on the Hudson site, the opening of the new the Little Caesars Arena and the opening of the QLine Metro system which goes through the redeveloped Woodward Avenue.
So what can we expect to see in 2018 ?
This year we are looking at five more huge construction projects all of which will make this city even better than it is today.
We are going to see the development of new office towers and and more residential living space in downtown Detroit, the two main projects are Hudosn and Monro towers with a total investment of over $1,739 million.
Three hotels are set to open in 2018: The Siren Hotelat the Wurlitzer Building, the Shinola Hotel, and the Element Detroit Hotel, these hotels are aimed to take advantage of the increase in tourism in Detroit city and the surrounding areas.
More retail is planned in 2018, last year the city council passed a commercial corridor plan that would support commercial areas around the city with $125 million going towards landscaping, better parking, improving sidewalks, etc. Woodward Avenue is now bustling and more big retail names will be arriving in 2018.
There will be huge development in better public spaces, the final designs of the West Riverfront are nearly ready and work will also start this year on both Capitol Park and Atwater Beach.
We seen the Qline launched in 2017 and this year DDOT bus service will start offering free rides on Saturdays to encourage this form of transport. We are expecting announcements of the expansion of the Qline further down Woodward Avenue or another route down to Jefferson.
These are not the only developments taking place in 2018, there is activity taking place all over Detroit in the development of neighbourhoods, schools and park systems.
Detroit has come along way in the last few years and this has now had an impact on property prices, year on year we have seen prices rise especially on the Westside side of the city.
This is a great time to invest in Detroit and we have the best properties available for sale, if you would like anymore information please contact Mike or any of the Global team.
invest@globalinvestmentsincorporated.com
