Midtown Development Updates

[stasu1213]

The photo update is appreciated. You're right, it seems like a lot of projects have been quietly scrapped, or at least significantly delayed. It feels like the 'momentum' that was building from 2018-2020ish is gone. Hopefully it's just a speedbump from inflated costs/interest rates, but who knows.

Corktown seems to be the only neighborhood where developments are announced and completed in a reasonable timeframe.

CODA: I'm bummed about this one. It was a bold vision, but at least some of the condos had been pre-purchased as of a year or two ago. It's disappointing that they still can't make it work.

AC Hotel: Just thankful it's moving at all after 5+ years since its announcement.

City Club: So frustrating. I maintain that they should just build the project in phases. Start with the Target, since they've already signed an agreement. Do the residential after, if financing is still an issue.

Brush + Watson: I'm almost positive that they built a foundation where the middle tower is supposed to go. Maybe it'll start when the side buildings are fully complete.

For everything else, I'll believe 'em when I see 'em.

Same for Related Companies. I thought their involvement would lead to success, but the new District is now 0/2 on scheduled groundbreakings. The UM DCI building has $100M in state funds tied to breaking ground this year, so maybe that still happens? Can't say I'm confident though, given the lack of action everywhere else.

Had Target selected Michigan and Trumbull area to put their store it would had been up and running by now. Things get done quicker in that district