Quote Originally Posted by royce View Post
And let me add that had Bedrock decided to build residential along Monroe rather sooner than later, closings like this might not happen because you'd have residents patronizing the businesses along Monroe in the evenings and weekends. I don't understand Bedrock's hesitation in building residential. The housing market taking a hit because of high mortgage rates is different from renters, particularly the young, wanting to live in the heart of a downtown of a major city.
Dan Gilbert is thinking too big to lure high end shops and restaurants into [[ Gilbert Town ) Detroit. This is not some N.Y.C. Times Square corp. tax break incentives of the 1980s. As in build your corp. stores and don't worry about the pornos and low-lives, leave that to us. Now more restaurants and stores in Downtown Detroit after the pandemic. And is forcing Gilbert to press the reset button in a way he's taking a massive investment risk that could drain up his assets.