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Multifamily

A neighborhood perspective: How The Platform is thinking differently about Detroit development

June 21, 2017 |

Shortly after developers Peter Cummings and Dietrich Knoer partnered on purchasing the New Center’s iconic Fisher and Kahn buildings in 2015, Knoer extended a rather unusual invitation to Cummings: a 4:30 a.m. breakfast at Eastern Market.

Cummings agreed to the … Read More

Few Cracks Showing in the Apartment Sector

June 19, 2017 |

The equilibrium in the apartment sector will be challenged if developers keep adding new construction projects.

Average apartment rents are increasing across the country. And despite all the new units that have become available, renters keep showing up to leasing … Read More

150 apartments, retail possible for historic WJBK-TV building in New Center

June 16, 2017 |

About 150 residential units are being floated for the historic former WJBK-TV Studios Building in the New Center area.

 Photo by CoStar Group Inc. The former WJBK-TV Studio Building at 7441 Second Ave. in the New Center area was designed by … Read More

New $6 million building with 36 apartments proposed for Midtown

June 16, 2017 |

A Detroit-based developer is planning a 36-unit apartment building on West Willis Street between Second and Third avenues on what is a vacant lot.

Photo by via Detroit Historic District Commission. A 36-unit apartment building proposed on Willis Street in Midtown … Read More

Growing Demand Pushes Need for 4.6 Million New Apartments by 2030 According to Recent Study

June 13, 2017 |

WASHINGTON, DC – Delayed marriages, an aging population and international immigration are increasing a pressing need for new apartments, to the tune of 4.6 million by 2030, according to a new study commissioned by the National Multifamily Housing Council (NMHC) … Read More

In Detroit, Anyone Can Be a Real Estate Developer

June 13, 2017 |

(Bloomberg)—An urban revival has to start somewhere, and in the case of Detroit, that place has been downtown.

Coming out of the Great Recession, a handful of real estate developers invested heavily in a bid to lure corporate employers—and, more … Read More

84-unit, mixed-use development coming to Sugar Hill district in Midtown

June 13, 2017 |

Another day, another announcement about new construction in Detroit.

On Friday, June 9 at the Museum of Contemporary Art in Detroit, Mayor Mike Duggan and a team of developers and designers announced a big development project to be built right … Read More

Why more millennials are finally getting into the real estate market

June 9, 2017 |

Here come the millennial home buyers. Finally.

For the past decade, since the Great Recession forced so many Americans to put their lives on hold, the world of real estate has been praying for the arrival of millennials on the … Read More