How will Detroit Midtown Transformation impact the surrounding RE Market?

[Fawzeih Daher]

A recent article detailing the development plans of the new Detroit Red Wings arena and surrounding area covering 45 blocks including apartments, restaurants, and office buildings shows promise for the city's new super-sized entertainment district. How will this impact investing?

http://www.mlive.com/entertainment/detroit/index.ssf/2014/07/detroit_red_wings_arena_entert.html

[Peter Grosso]

It is possible in the long run that the surrounding areas will become wealthy areas as well.  I grew up in Astoria Queens, a city outside of Manhattan that has seen a lot of spill over affect from Manhattan.  As the downtown population grows there will be a lot of sub groups of wealth growth like we see in NY.