are there any detroit flippers/redevelopers who are thinking abt new construction?

[Megan McClung]

i can't take my eyes off islandview and east village - so many new builds in these up-and-coming areas. plus land is cheapest there (of the new build neighborhoods).

these are the 10ish neighborhoods in detroit where developers are building new housing stock.

30+ new build sales in last 12 months: half sold for $227-300 per sqft. half sold for $301-418 per sqft.

build to rent: new builds rent for $2.00-2.57 per sqft.

in our R2 zoning, you can build a duplex by right, and you can build up to 8 units with site plan approval (there are minimums, likes frontage and lot square footage requirements, but there's a lot of potential with our zoning code). 

what do you think abt these prices per sqft? does this leave room for build-to-rent strategy in detroit?