Sunday, January 29, 2012

Investing in Detroit's Renaissance | Planetizen

Daniel Howes reports on Gilbert's bullish optimism for investment and development opportunities in Downtown Detroit and on his efforts to attract young professionals to the city.

"Gilbert's buying spree ? the Madison and the Dime Bank building, the First National Bank building and the Chase Tower, to name four ? is driven as much by attractive economics and an entrepreneur's nose for first-mover advantage as any do-gooder philanthropic urge to save downtown."

"'We are almost at that proverbial tipping point in Midtown and downtown, if we aren't already there,' [Matt] Cullen [Matt Cullen, president of Gilbert's Rock Ventures], says of the mounting urban momentum despite the city's financial troubles."

Source: http://www.planetizen.com/node/54060

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