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Michigan Cities with Emerging Downtowns
Detroit and Grand Rapids have both been
included in Forbes Magazine’s list of 15 U.S. Cities’ Emerging Downtowns. Both
cities can make a claim, to some extent, that it’s attributed to the revamping
of local commercial and residential real estate. More specifically, Grand
Rapids can give praise to the booming medical industry, while Detroit can
praise the influx of young professionals.
Detroit can credit, in large part, its real
estate transformation to QuickenLoans founder and billionaire Dan Gilbert who
has relocated many of his businesses to the area as well as spending millions
to redevelop the area’s commercial real estate.
Grand Rapids, on the other hand, has
converted more than a dozen abandoned office buildings and warehouses into
remodeled residential, retail and office spaces. Another improvement is the $30
million Downtown Market set to open this upcoming summer.
posted by PAA Online
,
Friday, March 29, 2013
9:46 AM
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