Dan Gilbert Expected To Announce Brush Park Development

[emu steve]

Might be announced today, Wednesday?

"Billionaire businessman Dan Gilbert plans a major housing development in Detroit's Brush Park, a sparsely-populated district next to downtown that thrived in the 19th Century but has defied recent attempts at revival, people familiar with the development told the Free Press."

http://www.freep.com/story/money/real-estate/2015/05/05/dan-gilbert-brush-park-detroit-development/26942979/

Need some big developments ala the 6 acre plan discussed a few weeks ago + this one.

My guess that redeveloping Brush Park isn't as difficult as trying to redevelop say major parts of downtown.

It doesn't cost as much to put up housing as hotels, office buildings, etc. and it eats up a lot of vacant land. Plus the demand for housing is stronger than the demand for more office space or more hotel rooms. Right?