[DetroitMan]

Great article in the Free Press today about the booming apartment market in Downtown, Midtown and New Center/Milwaukee Junction. Also, mentioned was that the old Cadillac Plant at 450 Amsterdam in New Center will be turned into 92 apartments.
No end in sight to demand for new housing near downtown Detroit

The Platform CEO Peter Cummings said at the grand opening that even he was surprised by how quickly Woodward West filled up.

"I don’t know how to put in context how extraordinary that is, because I’ve developed in a lot of different markets, growth markets in Florida and North Carolina, and the performance of this project really outstrips them all," Cummings said.

Sue Mosey, executive director of Midtown Detroit Inc., said after the event that the building's location at the threshold of Midtown and downtown likely helped its popularity, plus the fact that it is new construction.

Another relatively new and closely watched development that has mostly leased up is The Eddystone, a 13-story former hotel at 110 Sproat St. near Little Caesars Arena, which the Ilitch organization redeveloped into an upscale 92-unit apartment building.

It opened last December. Today, just two units are available.

https://www.freep.com/story/money/bu...d/69543785007/