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. 

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

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.

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

I think the New England coast will continue to outpace many other metro areas in for job & population growth in the next 10+ years.

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.  

The market overall is really good, nice job and population growth, and pro business.Good LuckGino

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

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..