All Access

All-Access Weekly Digest

Standard

Detroit

blue

A daily look at the most significant and interesting stories affecting Detroit.

Axios Detroit Thought Bubble

Thought Bubble

Axios Detroit

Detroit Alerts

Alert

Detroit Members

Membership

Questions surround Michigan's downtown innovation center

The planned $250 million Center for Innovation is in a time crunch.

Development

Biden makes history with striking UAW

The president told workers they deserve higher pay on Tuesday.

News

Detroit Horse Power has unique land use plans

The nonprofit wants to open a 20-horse equestrian center.

Abortions up in Michigan as Midwest states add restrictions

Researchers say border-hopping patients are leading to more procedures.

Detroit House Hunting: Bagley is hot

This house sold for 6.8% more than its listing price.

Real Estate

Instead of zooming in on a home on the market for our weekly real estate feature, we&#x27;re instead checking back in on a <a class="gtmContentClick" data-vars-link-text="house we showcased" data-vars-click-url="https://www.axios.com/local/detroit/2023/08/03/detroit-house-hunting-fetching-bagley-colonial" data-vars-content-id="830033e7-5f09-4fc3-bd7e-1002d2c1499b" data-vars-headline="Detroit House Hunting: Bagley is hot" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/local/detroit/2023/08/03/detroit-house-hunting-fetching-bagley-colonial" target="_self">house we showcased</a> that&#x27;s since sold.Why it matters: This three-bedroom colonial in Bagley is a prime example of the northwest neighborhood&#x27;s climbing sales and interest.

Book Tower's new rooftop bar opening next month

Kamper's could have the best rooftop view in Detroit.

People are moving into Bedrock&#x27;s luxury apartments and staying at the extended-stay hotel inside the <a class="gtmContentClick" data-vars-link-text="Book Tower" data-vars-click-url="https://www.axios.com/local/detroit/2023/04/05/bedrock-300m-book-tower-renovation-detroit" data-vars-content-id="d893755e-29eb-4d3e-846c-d8a10cd0f5dc" data-vars-headline="Book Tower&#x27;s new rooftop bar opening next month" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/local/detroit/2023/04/05/bedrock-300m-book-tower-renovation-detroit" target="_self">Book Tower</a> as construction continues on several areas of the building, part of its nearly $400 million renovation.Driving the news: Kamper&#x27;s is a rooftop bar and lounge that Book Tower officials say will have <a class="gtmContentClick" data-vars-link-text="the best rooftop view in the city" data-vars-click-url="https://www.axios.com/local/detroit/2023/06/22/our-favorite-detroit-rooftop-bars-with-views-and-booze" data-vars-content-id="d893755e-29eb-4d3e-846c-d8a10cd0f5dc" data-vars-headline="Book Tower&#x27;s new rooftop bar opening next month" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/local/detroit/2023/06/22/our-favorite-detroit-rooftop-bars-with-views-and-booze" target="_self">the best rooftop view in the city</a>.

Detroit House Hunting: Affordable brick bungalow

This renovated eastside starter home deserves a look from house hunters on a budget.

This renovated eastside starter home deserves a look from house hunters with a budget of less than $150,000.Why it matters: Brick bungalows like this aren&#x27;t too hard to find — we&#x27;ve spotlighted <a class="gtmContentClick" data-vars-link-text="others in our recurring real estate feature" data-vars-click-url="https://www.axios.com/local/detroit/2023/07/27/detroit-house-hunting-west-side-starter-home" data-vars-content-id="600c1884-80a1-4e43-9204-2f45ca1fe1c7" data-vars-headline="Detroit House Hunting: Affordable brick bungalow" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/local/detroit/2023/07/27/detroit-house-hunting-west-side-starter-home" target="_self">others in our recurring real estate feature</a> — but the renovations and low price here are intriguing.

Detroit's not so red-hot cannabis real estate market

Not as many people are opening grow facilities with product prices falling.

The once-fiery <a class="gtmContentClick" data-vars-link-text="real estate market for cannabis businesses" data-vars-click-url="https://www.axios.com/local/detroit/2022/05/02/detroit-recreational-cannabis-commercial-zoning" data-vars-content-id="2825a97c-eacb-412e-9748-3a08ddf3e23f" data-vars-headline="Detroit&#x27;s not so red-hot cannabis real estate market" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/local/detroit/2022/05/02/detroit-recreational-cannabis-commercial-zoning" target="_self">real estate market for cannabis businesses</a> in Detroit now appears to be stagnating.Why it matters: The local market&#x27;s <a class="gtmContentClick" data-vars-link-text="challenges" data-vars-click-url="https://www.crainsdetroit.com/analysis/rescheduling-cannabis-would-fix-tax-limiting-cash-flow" data-vars-content-id="2825a97c-eacb-412e-9748-3a08ddf3e23f" data-vars-headline="Detroit&#x27;s not so red-hot cannabis real estate market" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.crainsdetroit.com/analysis/rescheduling-cannabis-would-fix-tax-limiting-cash-flow" target="_blank">challenges</a> with low product prices and narrow margins for profitability have also been shown via major financial failures like pot company <a class="gtmContentClick" data-vars-link-text="Skymint" data-vars-click-url="https://www.crainsdetroit.com/cannabis/skymint-receivership-after-creditors-allege-mismanagement" data-vars-content-id="2825a97c-eacb-412e-9748-3a08ddf3e23f" data-vars-headline="Detroit&#x27;s not so red-hot cannabis real estate market" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.crainsdetroit.com/cannabis/skymint-receivership-after-creditors-allege-mismanagement" target="_blank">Skymint</a>, which went into court-appointed receivership to resolve deep debt, per Crain&#x27;s Detroit Business.

Illustration of a "for sale" sign post made out of two marijuana joints. 

Detroit House Hunting: Bright blue Southwest renovation

The renovated 1,794-square-foot home has refinished hardwood floors.

If you&#x27;d like to live in the brightest house on the block, we&#x27;ve got just the spot for you.What&#x27;s happening: For our <a class="gtmContentClick" data-vars-link-text="recurring real estate feature" data-vars-click-url="https://www.axios.com/local/detroit/2023/08/10/house-hunting-detroit-grandmont-14175-mansfield-st" data-vars-content-id="9e646559-33a6-4a0e-8789-a6012f2e7efe" data-vars-headline="Detroit House Hunting: Bright blue Southwest renovation" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/local/detroit/2023/08/10/house-hunting-detroit-grandmont-14175-mansfield-st" target="_self">recurring real estate feature</a>, we&#x27;ve got eyes on a blue three-bedroom that&#x27;s walking distance from Southwest shopping and restaurants, including <a class="gtmContentClick" data-vars-link-text="Taqueria Mi Pueblo" data-vars-click-url="https://www.mipueblorestaurant.com/" data-vars-content-id="9e646559-33a6-4a0e-8789-a6012f2e7efe" data-vars-headline="Detroit House Hunting: Bright blue Southwest renovation" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.mipueblorestaurant.com/" target="_blank">Taqueria Mi Pueblo</a> and the <a class="gtmContentClick" data-vars-link-text="Tacos Del Barrio truck" data-vars-click-url="https://www.instagram.com/tacosdelbarrio313/" data-vars-content-id="9e646559-33a6-4a0e-8789-a6012f2e7efe" data-vars-headline="Detroit House Hunting: Bright blue Southwest renovation" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.instagram.com/tacosdelbarrio313/" target="_blank">Tacos Del Barrio truck</a>.

A recently repainted and renovated home at 7744 Pitt St. in southwest Detroit.

Detroit House Hunting: Corktown's $1.2 million auto shop

The overhaul incorporated salvaged doors from a Stroh's delivery truck.

A Corktown car garage built in the early 1900s that&#x27;s been transformed into a lavish living space is now on the market for $1.2 million.Driving the news: More attainable homes are typically highlighted in our <a class="gtmContentClick" data-vars-link-text="recurring real estate feature" data-vars-click-url="https://www.axios.com/local/detroit/2023/08/10/house-hunting-detroit-grandmont-14175-mansfield-st" data-vars-content-id="355a59c6-9d0d-4c29-88e6-aedd0f929a45" data-vars-headline="Detroit House Hunting: Corktown&#x27;s $1.2 million auto shop" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/local/detroit/2023/08/10/house-hunting-detroit-grandmont-14175-mansfield-st" target="_self">recurring real estate feature</a>, but this restored relic is a must-see.

Detroit's property tax rate leads the nation

The sky-high property tax rates have long been a burden on residents.

The effective property tax rate for a median-valued home in Detroit was 3.21% in 2022. Why it matters: That&#x27;s the <a class="gtmContentClick" data-vars-link-text="highest among major cities" data-vars-click-url="https://www.axios.com/2023/08/22/tax-rates-home-values" data-vars-content-id="ebec3569-16ae-45da-81a2-09271302e438" data-vars-headline="Detroit&#x27;s property tax rate leads the nation" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/2023/08/22/tax-rates-home-values" target="_self">highest among major cities</a> and double the national average, according to a new<a class="gtmContentClick" data-vars-link-text=" report" data-vars-click-url="https://go.lincolninst.edu/50-state-property-tax-comparison-for-2022.pdf?_ga=2.91021214.547185496.1692363510-491308411.1692363510&amp;_gl=1*joaax6*_ga*NDkxMzA4NDExLjE2OTIzNjM1MTA.*_ga_26NECLE3MM*MTY5MjM2MzUwOS4xLjEuMTY5MjM2MzU3Ni4wLjAuMA.." data-vars-content-id="ebec3569-16ae-45da-81a2-09271302e438" data-vars-headline="Detroit&#x27;s property tax rate leads the nation" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://go.lincolninst.edu/50-state-property-tax-comparison-for-2022.pdf?_ga=2.91021214.547185496.1692363510-491308411.1692363510&amp;_gl=1*joaax6*_ga*NDkxMzA4NDExLjE2OTIzNjM1MTA.*_ga_26NECLE3MM*MTY5MjM2MzUwOS4xLjEuMTY5MjM2MzU3Ni4wLjAuMA.." target="_blank"> report</a> from the nonprofit Lincoln Institute of Land Policy and the Minnesota Center for Fiscal Excellence.

Detroit by Drone: The Residences Water Square now pre-leasing

You're paying an arm and a leg to rent one of the 496 units.

The new luxury riverfront apartment complex at the former Joe Louis Arena site began pre-leasing apartments this month for tenants to move in next February.The intrigue: You&#x27;re paying an arm and a leg to rent one of the 496 units at the Residences Water Square.

A skyline view with the new under construction building.

Detroit House Hunting: Northwest Goldberg gem

This classic American four-square home is full of character.

This classic American four-square home is full of character.<ul><li>This week&#x27;s installment in our <a class="gtmContentClick" data-vars-link-text="recurring real estate feature" data-vars-click-url="https://www.axios.com/local/detroit/2023/08/10/house-hunting-detroit-grandmont-14175-mansfield-st" data-vars-content-id="6e8af472-a81d-4bd1-821e-cde874ca6149" data-vars-headline="Detroit House Hunting: Northwest Goldberg gem" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/local/detroit/2023/08/10/house-hunting-detroit-grandmont-14175-mansfield-st" target="_self">recurring real estate feature</a> takes us to the up-and-coming Northwest Goldberg neighborhood.</li></ul>

6210 Hecla St. in the Northwest Goldberg neighborhood.

Detroit House Hunting: Hardwood and ceramic tile, oh my!

A husband-and-wife team remodeled this 1,291-square-foot home.

This remodeled three-bedroom house has desirable features on a cute street — and a relatively reasonable cost.The big picture: It can be hard finding what you want, as low local inventory levels are expected to continue through the latter half of the year and bidding remains competitive with lots of active buyers, per RE/MAX of Southeastern Michigan.

A renovated home on Mansfield Street. Photos: Courtesy of Charles Ramey 

Real Estate 🏠