DETROIT (August 14, 2014) – USA Today recently recognized Detroit as one of the top 10 up-and-coming cities in the nation, alongside notable towns like Richmond, Virginia, and Portland, Oregon. Calling it one of “the most promising and unlikely rebirths,” Detroit’s place on the list was sealed specifically by the surge of restaurants, businesses and residential options in Midtown.
Among the notable characteristics of Detroit’s emergence as a growing Metropolis is the bustling dining scene. New restaurants are being opened by dedicated entrepreneurs with renowned chefs. Wright & Co is a recent addition to the neighborhood, opening its doors just a few weeks ago in the stately old Wright Kay building on Woodward. With craft cocktails and seasonal plates dreamed up by its current owner, former executive chef of Wolfgang Puck restaurants, Wright & Co is just one of many businesses that are making the area more attractive to investors and residents.
Midtown is also at the core of the city’s M-1 Rail development, and non-motorized transportation plans will soon connect the district to Eastern Market and other neighborhoods via greenways and bike paths. With the planned work ahead, and the number of stores and restaurants still set to open in the neighborhood in the near future, property prices are expected to rise with the demand for real estate in the area.
With a healthy mix of storefronts, condos, townhomes and houses, midtown Detroit’s real estate makes it a smart option for business owners, students, families, and investors looking for an income property. Detroit real estate investment company, Own It Detroit recently announced that JP Morgan Chase and Liberty Bank are providing rehabilitation and mortgage assistance to individuals purchasing a Detroit home.
With the growth of the city post-bankruptcy, particularly the Midtown area, and the recognition Detroit is receiving for its successful resurgence, the market favors buyers in both residential and commercial applications. For potential home buyers looking to take advantage of the market, Own It Detroit has an extensive list of properties currently for sale. They are all put through a vigorous 100-point inspection and cone with a one year maintenance warranty. The extra care taken with their Detroit properties for sale is especially attractive to new buyers who are about to purchase their first house.
For more information about the real estate opportunities in Detroit, please visit www.OwnItDetroit.com
Video Link: http://www.youtube.com/embed/3R2eerRQecM
Company Name: Own It Detroit
Contact Person: Mousa A. Ahmad
Email: Send Email
Address:19853 West Outer Drive Suite 300
Country: United States