Midtown Detroit is the Destination of Over: 2 million annual visitors 30,000 employees 35,000 college students 1.5 million patients of the Detroit Medical.

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Presentation transcript:

Midtown Detroit is the Destination of Over: 2 million annual visitors 30,000 employees 35,000 college students 1.5 million patients of the Detroit Medical Center 17,000 residents 4,000 volunteers

Cultural Institutions Detroit Institute of Arts College for Creative Studies

Wayne State University

Detroit Medical Center

Detroit Public Schools Cass Tech High School Detroit School of Arts

Willys Overland Lofts

Art Center Town & Carriage Homes

East Ferry Residential

Springfield Lofts

Commercial & Entertainment Activities

Midtown Economic Indicators Estimated Increase in Midtown Population: (includes WSU students living in dormitories) 3,000 Number of Housing Units Completed, Under Construction, or Planned: 3,143 Housing Sales Prices:$140 - $400K For Sale Housing Absorption Rates: Completed Projects:98% Projects Under Construction:60% Average Monthly Rental Rates:$575 - $1,200 / month Rental Occupancy Rate:95% New Small Businesses Opened or Planned:37 Total Midtown Investment:$1.6 billion

Institutional Residential Commercial Green Space $1.6 billion Total Investment in Midtown: