Here are a few of the stories we've been reading recently:
The rents at the new high rise
Pre-leasing is underway at the Residences at Water Square, the 25-story residential high rise at the old Joe Louis Arena site. And as expected, they're running very high. In the 496-unit building, studios start at $2,000/month, one-bedroom options can go over $4,000/month, and there are penthouses at $9,000 and $10,000. The general manager says the penthouses have already been reserved. Move-in should start in February. Axios Detroit
The trouble with 375
We're getting closer to the reworking of I-375, a mile-long urban freeway that destroyed Detroit's Black Bottom and Paradise Valley neighborhoods. But is MDOT listening and doing the right thing when it comes to redesigning the road? Six lanes of freeway will be replaced with...six lanes of grade-level boulevard. Yes, traffic will slow down, but will it do enough to create connections between the surrounding neighborhood and downtown? Will it do enough to honor the history it paved over? Detroit Free Press
*I also talked about this on Daily Detroit last week.
Another Ford acquisition at Michigan Central
While we await the opening of Michigan Central Station (we've seen the revamped Roosevelt Park and Book Depository this year), Ford has bought another property in the vicinity. The company has recently acquired St. Paul's German Evangelical Lutheran Church, most recently owned by Assemble Sound. It does need work and preservation efforts. Ford has plans to restore the steeple, and preserve the 1873 building. Uses for the building have not been determined yet. Crain's Detroit Business
