Monroe Block Development

[hybridy]

Spec office buildings all across the country are struggling to get off the ground right now, so I'd be surprised if the all-office tower becomes taller / bigger. In the post Great Recession era, it's rare to see 800K ft. of office space get built without a major corporate hq or expansion lined up.

In fact, it wouldn't shock me at all either if it shrunk.

Local design firms have been laying off and ceased hiring. This is indicative of the downturn as projects are based on demand/speculation. One local firm just dumped 30% of their staff in addition to high rate of departures already in motion.

Detroit feels this worse sooner and it will last longer evidenced by the longterm hemorrhaging population trend. Next recession is imminent and it’s gonna hurt real bad. I am glad I got out at high price and locked in a record low rate for mortgage. Time to batten down the hatches.

DG isn’t using conventional financing to build his projects. He’s using taxpayer’s dollars.

I doubt Monroe block happens in this economic cycle, of at all.

Hudson’s will flood market with unnecessary office space and hotel rooms, but it’s newness appeals. Ren Cen 2.0, if it even gets completed.