SOLD! Galapagos Art Space's building near Corktown for sale for $6.25 million

[corktownyuppie]

Property values need to go up in order for banks to start offering construction lending.
Property values need to go up in order for individuals to qualify for mortgages.
Property values need to go up in order for current residents who are stuck in loans to sell them.
Property values need to go up in order for investors to become confident in developing property.
Property values need to go up in order for the city to collect more property taxes.
Property values need to go up in order to stop the spiral of upside-down homes in foreclosure.

Property values need to go up. And if this guy can sell it for for what he is listing, that means that all the real estate in the sounding area is going up. That would do far more for the city than building an art gallery. And if he takes the proceeds and uses to more quickly fund the Highland Park project, then it's win-win-win all around.

[ABetterDetroit]

Property values need to go up in order for banks to start offering construction lending.
Property values need to go up in order for individuals to qualify for mortgages.
Property values need to go up in order for current residents who are stuck in loans to sell them.
Property values need to go up in order for investors to become confident in developing property.
Property values need to go up in order for the city to collect more property taxes.
Property values need to go up in order to stop the spiral of upside-down homes in foreclosure.

Property values need to go up. And if this guy can sell it for for what he is listing, that means that all the real estate in the sounding area is going up. That would do far more for the city than building an art gallery. And if he takes the proceeds and uses to more quickly fund the Highland Park project, then it's win-win-win all around.

A post hasn’t had the facts so perfectly straight on a subject since this one was written two and a half years ago and it still rings true today. Close the new construction gap and fantastic things will happen. Put people to work making good money by the thousands.

Come on back corktownyuppie it’s been a while.