Assuming the deals are value-add or new developments with moderate leverage/risk targets.

https://michiganchronicle.com/2024/01/03/major-developments-that-will-define-detroit-in-2024/Hit me up if you'd like to know more.

Mike Zuber has an excellent story on how this is possible and probably an excellent way for the any new investor to develop their wealth. 

By the end of the book readers will be able to:Think a Million: Develop the financial literacy and mindset of a millionaire investorBuy a Million: Amass a real estate portfolio with a market value of a million dollars or moreOwn a Million: Turn investments into an asset-based business with ever-increasing net worthReceive a Million: Build an investment empire that provides a million dollars a year in passive income

Can I expect more development / gentrification to occur in this area?

Quote from @Daniel Kulik: Hey everyone, I'm developing an automated property management software specifically designed for small to medium-sized landlords.

I am incorporating several tree houses in a development I am working on and because they are such a unique experience I have found every tree house experience is rented out 12 months in advance and attracting top dollar.  

my self I have  been with my same commerical Banker for over 30 years without him I would not have made it through 08 to 2011.. loyalty is key,that said I have borrowed from one other commercial bank as well. my loan facilities are not what most are doing.. they are land and development loan and vertical .. and a few commercial buildings..

In short, mix-use development requires a close eye on underwriting.

The development is expected to bring thousands of permanent jobs and promote sustainability, including eco-friendly features like walking paths and tree plantings.