IPS Blog

The Michigan Central Train Depot Revisited

[fa icon="clock-o"] Jul 19, 2018 12:00:00 PM [fa icon="user"] Brent Maxwell [fa icon="folder-open'] Detroit Real Estate, investing, Detroit, Detroit rebirth

iStock-92047122You’ve heard the news by now.

Ford Motor Co. is taking over the Michigan Central Train Depot and turning it into an electric hub. This massive renovation and reuse project will funnel a lot of money into Corktown. 

Detroit’s oldest neighborhood, Corktown has already experienced a massive recovery and arguable gentrification. Ford’s saying they’d like to develop the Michigan Avenue corridor from Corktown to Dearborn to Willow Run, perhaps put in a high-velocity train underground from Detroit to Ann Arbor, leaving from the Michigan Central Station. 

We’re investing in the surrounding areas. Those are the areas ripe with opportunity, a block surrounded by blocks. Southwest Detroit, a stone’s throw from the train depot, needs a lot of love, and we’re right there, finding opportunities and creating safe, affordable housing for working families.

Rebirth comes from pride of ownership, nice housing stock inhabited by good people. When business shows up to reinvent Detroit history which has long stood as an eyesore reminding us of our downfall, they’re validating what we’ve always known: a city’s rebirth comes from the people braving the unknown, filling the frontier with hope that others will catch on.

Brent Maxwell

Written by Brent Maxwell

Brent Maxwell is the founding partner of IPS Realty

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