New Residential Coming Soon?

[DetroiterOnTheWestCoast]

I like the fact that they have renamed the place "Detroit City Apartments." They are not afraid of the name "Detroit"!

I also like the fact that he said new housing is needed in different forms and prices. As much as I am biased towards restoration and renovation out of a love of the older buildings, there is plenty of vacant land for new buildings. And there definitely is a need for upscale housing for some folks with the means, as well as cheaper alternatives for those just starting out or trying to claw their way back in this economy.

[corktownyuppie]

I like the fact that they have renamed the place "Detroit City Apartments." They are not afraid of the name "Detroit"!

I also like the fact that he said new housing is needed in different forms and prices. As much as I am biased towards restoration and renovation out of a love of the older buildings, there is plenty of vacant land for new buildings. And there definitely is a need for upscale housing for some folks with the means, as well as cheaper alternatives for those just starting out or trying to claw their way back in this economy.

I don't think this point can be emphasized enough. For as long as I've been around, people have been trying to *remove* the word Detroit from their branding. There is a new shift in the perception of the city, and it's nice to see that companies are seeing it as a plus.

I'm telling you, as capital -- especially outside capital, not just the City of Detroit Pension fund -- continues to move into the city, you will see big shifts. I'm excited to see the next 5-10 years of downtown development.

[cmubryan]

As the former Regional Manager for the building when Village Green took over in 2009-2010, I can tell you that filling up the building was simple. Here's why: People were just looking for quality, decently priced, dependable living in the city managed by landlords who cared. That is what we were able to provide them. When residents had concerns, we addressd them. When prospective residents came to tour the building we happily toured them and showed off fresh and clean apartments. When residents broke the rules or didn't pay the rent, we kicked them out. Before the renovation, we were filling it up. All that the renovation is allowing VG to do now is to attract a more luxury-seeking renter, a renter by choice. Rents will go up and so will the socio-economic status of the renters.

[rb336]

how much of that article was just ripped right out of the press release? I expect better from Crain's