New 50 unit development @ Cass & Canfield

**esp1986** · June-01-10, 12:25 PM

Originally Posted by Gsgeorge

Give me a break. I don't think this is a concern at all. Most of the other buildings in the area are 2-4 stories. It's University Tower, sitting in its sea of parking and setback from the road, that is out of place.

At the very least, this may mean that the affects of the Recession are being reversed, at least in Midtown. This might be the first of many similar developments, and I sure hope so!

This development is exactly what Detroit needs. AFFORDABLE housing, young people can't afford anything else, and considering that is what most of Midtown's population is, it is perfect. It would be nice if there were more of this closer to downtown. The lack of this is a big reason there aren't many people downtown or in Midtown. $1000 per month in rent is hardly affordable for someone making 40-50k per year. It seems that is the going rate for housing too, and it just isn't realistic in this market.

**casscorridor** · June-01-10, 12:47 PM

Originally Posted by esp1986

This development is exactly what Detroit needs. AFFORDABLE housing, young people can't afford anything else, and considering that is what most of Midtown's population is, it is perfect. It would be nice if there were more of this closer to downtown. The lack of this is a big reason there aren't many people downtown or in Midtown. $1000 per month in rent is hardly affordable for someone making 40-50k per year. It seems that is the going rate for housing too, and it just isn't realistic in this market.

Exactly. I think Midtown is close to the peak for how many young people it can house without building new or additional rehabs. The luxury apartments and condos don't count because most young people can't afford them. It is very exciting to hear about new construction. And I'm sure this won't be the last announcement. There should be many more to come soon.

But perhaps the most exciting thing is not so much the housing as it is the retail. I've been thinking this for awhile now, but Cass Ave and Canfield Ave are basically positioning themselves as the main shopping areas in Midtown. Especially with the Midtown loop which will come online around the same time this building is completed. I imagine every lot filled with buildings and dozens of stores lining the streets, and hundreds of pedestrians strolling around the loop, casually shopping on a sunny afternoon.

**Danny** · June-01-10, 01:04 PM

YAY! Keep on developing Cass Corridor.

http://maps.google.com/

**majohnson** · June-01-10, 02:39 PM

Originally Posted by casscorridor

Exactly. I think Midtown is close to the peak for how many young people it can house without building new or additional rehabs. The luxury apartments and condos don't count because most young people can't afford them. It is very exciting to hear about new construction. And I'm sure this won't be the last announcement. There should be many more to come soon.

But perhaps the most exciting thing is not so much the housing as it is the retail. I've been thinking this for awhile now, but Cass Ave and Canfield Ave are basically positioning themselves as the main shopping areas in Midtown. Especially with the Midtown loop which will come online around the same time this building is completed. I imagine every lot filled with buildings and dozens of stores lining the streets, and hundreds of pedestrians strolling around the loop, casually shopping on a sunny afternoon.

Hundreds of pedestrians on a sunny afternoon, lol.
You must only smoke the best of the best.

**casscorridor** · June-01-10, 03:17 PM

Originally Posted by majohnson

Hundreds of pedestrians on a sunny afternoon, lol.
You must only smoke the best of the best.

You're just jaded so you don't think its possible. At this decades end I am willing to bet the Midtown loop and the blocks around it, and the areas around the light-rail stations, assuming they will be built, will be bustling with people. Suburban Malls have hundreds if not thousands of people inside of them at one time. What is so far fetched about lots of foot traffic at Cass and Canfield? There is already a decent amount, and much growth in recent years. I think the idea behind the Midtown loop is to replicate the success of the Riverwalk -- make it clean, inviting, safe, and well lighted. It also connects some sort of destination, the Riverwalk's destination is the river itself. But the Midtown Loops destination is Museums, Theatres, Restaurants, and very soon... shopping.

**iheartthed** · June-01-10, 01:06 PM

Originally Posted by esp1986

This development is exactly what Detroit needs. AFFORDABLE housing, young people can't afford anything else, and considering that is what most of Midtown's population is, it is perfect. It would be nice if there were more of this closer to downtown. The lack of this is a big reason there aren't many people downtown or in Midtown. $1000 per month in rent is hardly affordable for someone making 40-50k per year. It seems that is the going rate for housing too, and it just isn't realistic in this market.

What costs $1000/month to rent in Detroit?

lincoln8740 · June-01-10, 01:11 PM

Originally Posted by iheartthed

What costs $1000/month to rent in Detroit?

kales building second floor

and someone better tell the developer that making announcements in model D is usually the first step towards either not even putting a shovel in the ground or defaulting!

**esp1986** · June-01-10, 01:18 PM

Originally Posted by iheartthed

What costs $1000/month to rent in Detroit?

My comment was more focused at downtown. Midtown is a bit less but still too much for most.

**casscorridor** · June-01-10, 01:48 PM

Originally Posted by esp1986

My comment was more focused at downtown. Midtown is a bit less but still too much for most.

In general, [[in the luxury range) you'll find condos in Midtown and apartments Downtown. But you can still find luxury apartments in Midtown. Most of them are rented condo units, such as in the Park Shelton building, where 1 bedrooms easily go for $1000.

lincoln8740 · June-01-10, 03:21 PM

Originally Posted by casscorridor

. you can still find luxury apartments in Midtown. .

sorry Ma, I found the above quote to be the "sir smokes a lot" line of the day

Michigan · June-01-10, 05:48 PM

I agree with Danny- Keep developing Cass Corridor!

There are hundreds of people on the streets there in good weather. We need more developments like this to bring in people who want to spend money in the neighborhood. Too many of the people there now are just looking to take advantage of the seedier side of the Cass reputation- one that is not deserved!!!!

DetroitDad · June-01-10, 06:02 PM

Originally Posted by iheartthed

What costs $1000/month to rent in Detroit?

Anything halfway decent in the better areas. Basically Studio One, MidMed Lofts, Garfield Lofts, and countless other newer buildings. I am having a real hard time finding anything that is in my price range [[$700-$800) that is affordable and comparable to the quality in our inner suburbs.

**English** · June-01-10, 07:26 PM

Originally Posted by DetroitDad

Anything halfway decent in the better areas. Basically Studio One, MidMed Lofts, Garfield Lofts, and countless other newer buildings. I am having a real hard time finding anything that is in my price range [[$700-$800) that is affordable and comparable to the quality in our inner suburbs.

Co-signing with you, DetroitDad. I don't get why WSU/Midtown's prices have gone through the roof during a recession.

**Mind field** · June-01-10, 08:54 PM

Originally Posted by English

Co-signing with you, DetroitDad. I don't get why WSU/Midtown's prices have gone through the roof during a recession.

Well if they have risen dramatically, then isn't that a good sign that demand is rising fast?

**cman710** · June-01-10, 09:20 PM

I am not saying this is the definitely the explanation here, but the decline of the housing market actually could have made the cost rentals go up because of increased rental demand [[fewer homeowners than before so more renters) while the supply of rentals may have remained relatively stagnant supply.

**royce** · June-01-10, 11:08 PM

This project is more in line with the new economic reality: jobs are scarce, jobs are short-lived, and jobs are mobile. Renting makes more sense than buying a condo that you can't sell. Although the rents at Studio One are still high, I think the concept of renting instead of owning is what has made Studio One a success, in addition to the ground floor retail. I think any mixed-use development in Midtown is looking at Studio One as the model for how to get people to move into the area. Now, if we could get a couple of Studio One type developments along Woodward south of Charlotte, instead of parking lots, then that would be a coup.