Hotels seem to be the hot commodity right now and easier to get financing for. I've read that, at least on a national level, the multi-family housing is cooling off a little bit after a big increase in supply from last year.
On a local level, that still means it's a bit harder for developers to secure financing (sans subsidies) for any big apartment buildings.
Condos are doable, but only in small numbers. So like 10 or 15 condos on top of a hotel is probably okay.
It's weird. For Detroit, the residential market seems to be in this grey area of a lot of smaller projects getting through but big projects just barely getting started if at all. Like new apartments in Lafayette Park are taking off but it's been years since any thing has been reported on the Soap Stone Building or the Meijer project on Jefferson.
