Monroe Block Development

[K-slice]

I agree with hybrid that an economic downtown is just around the corner and it will undoubtedly effect some of the projects we are looking forward to.

That being said, urban centers will still be "the place to be" no matter where the economy goes. Demand [[and thus rent) in places like downtown Detroit, RO, Brimingham, etc won't be as effected as suburban office parks in Novi, Southfield, and Troy.

[Atticus]

I agree with hybrid that an economic downtown is just around the corner and it will undoubtedly effect some of the projects we are looking forward to.

That being said, urban centers will still be "the place to be" no matter where the economy goes. Demand [[and thus rent) in places like downtown Detroit, RO, Brimingham, etc won't be as effected as suburban office parks in Novi, Southfield, and Troy.

I agree, and will also add that Detroit is woefully behind in the hotel offerings.

Ignore Chicago, and even just compare Detroit to Indy, Cleveland, Cincy, etc. If a coming recession spells gloom to the sparse amnount of Detroit hotels that will exist, I hate to image what is in store for our Midwestern bretheren in that regard.