Saturday, January 5, 2008

Here comes gentrification?

The Detroit News reports on five new developments planned for Woodward between Warren and Mack, the area where MOCAD, the Majestic Theater, Union Street, and the Whitney currently stand:

For now, the seven-block strip is simultaneously bustling and abandoned, with hipsters and middle-class professionals sharing the neighborhood with more than a few aggressive panhandlers. Many investors are working hard to make 2008 the year the strip becomes almost totally gentrified -- if they can convince bankers and sometimes even landlords that they are the ones who can succeed.

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