Observers of development in Detroit are cautiously optimistic about the city's fate despite the statewide housing crisis.
Excerpt:
"The city, with all its potential and inexpensive land and buildings
available for purchase, provides a great opportunity," Scott Clein of Giffels-Webster Engineers said.
"Detroit has arguably one of the great building stocks in the country,
with architectural importance and available property."
That building stock has made the market ripe for redevelopment of obsolete buildings.
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