Development Trends and Developers in Midtown Detroit

Rayman MohamedWayne State University

Department of Urban Studies and Planning

joined by

Robin BoyleChair, Urban Studies and Planning

5112

5339

5119

5175

5225

5180

5173

5202

5326

5203

5204

0.6 0 0.6 Miles

Non-NSP permits between 2006 and 2011

NSP permits between 2006 and 2011

³Recent Developments in Midtown, 2006 - 2011

Building permit activity in Detroit and Midtown

YearCitywide Permits

Midtown Permits

Citywide Permits Normalized to 2006

Data Equals 100

Midtown Permits Normalized to 2006

Data Equals 100

2006 4652 105 100 100

2007 4402 81 95 77

2008 3841 65 83 62

2009 3626 50 78 48

2010 2823 82 61 78

2011 1492 26 32 25

Building permit activity in Detroit and Midtown

0

20

40

60

80

100

2006 2007 2008 2009 2010 2011

Bui

ldin

g p

erm

its n

orm

aliz

ed to

2006

equ

als

100

Year

Detroit

Midtown

YearEstimated Costs

Citywide, '000Esitmated Costs in Midtown, '000

Estimated Costs Citywide Normalized to 2006 Data Equals 100

Estimated Costs in Midtown Normalized to 2006 Data Equals 100

2006 147,034 17,237 100 100

2007 116,280 4,588 79 27

2008 83,476 2,577 57 15

2009 47,313 4,284 32 25

2010 61,508 7,891 42 46

2011 20,584 244 14 1

Estimated costs of development activity in Detroit and Midtown

0

20

40

60

80

100

2006 2007 2008 2009 2010 2011

Valu

e of

bui

ldin

g pe

rmits

nor

mal

ized

to20

06 e

quls

100

Year

Detroit

Midtown

Estimated value of development activity in Detroit and Midtown

Incentives to Move to Midtown

• $20,000 to $25,000 forgivable loan for home purchases

• $2,000 for a signing a new lease

• $1,000 for renewing a lease

• Up to $5,000 match for exterior improvements

• 374 recipients

• HFHS: 108• DMC: 114• WSU: 151

Location of Recipients in Midtown

5112

5339

5119

5175

5225

5180

5173

5202

5326

5203

5204

0.6 0 0.6 Miles

³

Unique Locations of Recipients and Building Permits

5112

5339

5119

5175

5225

5180

5173

5202

5326

5203

5204

0.5 0 0.5 Miles

Unique locations in which residents received incentive for moving to or maintaing residence inMidtown

Locations of properties that were issued buildingpermits between 2006 and 2011 (not including NSPproperties)

³

Lessons?