Detroit is the toughest place to try to start an urban renaissance, but ambitious developers are giving it their best shot.
The Griswold, an 80-unit apartment complex from developer David Di Rita, opened last month, as Realtor.com reports. It is the first new downtown high-rise apartment building in a quarter century.
The apartments, which were built in a five-story structure on top of an existing 10-story parking facility, feature nice amenities such as picturesque windows, granite countertops, and polished concrete floors.
Other benefactors are launching their own projects. Dan Gilbert, the founder of Quicken Loans, is building a 400-unit complex and 200 micro-unit facility, and real estate development firm McCormack Baron Salazar is constructing a 300-unit building and a 200-unit complex downtown.
In all, about 2,000 new rental units came onto the market last year or are expected to in 2017, according to apartment-data firm MPF Research. That is the same number of units built in the city over the previous 16 years.
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