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New Detroit Development Could Boost Home Closings

Posted by FirstAm Editor on Thu, Jul 25, 2013

A new housing and retail development on Detroit's riverbank could encourage future homebuyers to get off the sidelines and into the homeownership game, as the units are geared toward young professionals. The $60 million project, which the developer hopes will be finished by early 2016, will include three- and four-story town houses, apartment buildings and mixed retail, according to The Detroit Free Press.

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Tags: Economy, Development