Une envolée du marché immobilier autour du futur Arena

L'augmentation des prix du marché immobilier autour du futur Arena se fait déjà ressentir un an avant l'inauguration du stade. L'article en anglais aborde cette frénésie qui touche maintenant Cass Corridor, pourtant un des secteurs les moins chers du centre-ville il y a quelques années. Des biens acquis pour quelques dizaines de milliers de dollars il y a une dizaine d'années ont vu leurs prix multipliés par 140. Deux maisons au pied de l'Arena ont été vendues récemment à 3,5 millions de dollars chacune. Les secteurs voisins profiteront également de cet élan puisque des discussions sont déjà en cours pour classer une partie de Cass Corridor en "district historic".

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Entities affiliated with Mike Ilitch and company, owners of the Detroit Red Wings, are moving on land near the site of the future $450 million arena in Detroit's Cass Corridor.

(...)

The main focus of their massive 45-block plan for the area and neighborhoods in the vicinity of the future $650 million arena and entertainment district is currently on the arena, which officials have said will be open by the 2017 NHL season.

The 785,000-square-foot, 20,000-seat arena will sit on a plot of land along Woodward Avenue just north of downtown Detroit. Retail, restaurants, offices, living space, parking garages and a park will all be pieced into the current planned development zone.

But, off that spin plans for "The District Detroit" and five new neighborhoods pumped full of money and redevelopment in areas south and west of the arena.

(...)

And it's "Cass Park Village" -- currently known as a part of Cass Corridor, and part of which has already been redubbed as "Midtown" -- that the most recent reports of land buys circle around.

The Village would connect the arena district to MotorCity Casino, which looks over The Lodge at some new housing, but a lot of vacant land.

On the District Detroit website, Cass Park Village is described as follows:

"Part entrepreneurial, part artistic, this neighborhood has been conceived with individuality and expression in mind. Cass Park Village will build on the creative energy of nearby Wayne State University, Cass Technical High School and the 90-year-old Masonic Temple to become a hotbed for artists who will launch new ideas. This neighborhood will appeal to those who want to live and work in a tight-knit community within the boundaries of an urban city.

Cass Park Village will be home to independent shops, local markets and galleries, and residents will sense a relaxed atmosphere with a free-spirited attitude that is not pretentious or flashy. Like a small town, this close-knit community will encourage people to get to know each other. The daytime atmosphere will be friendly as shop owners and cafe start-ups welcome visitors, offering conversations about neighborhood happenings and current events in comfortable and casual surroundings. Nighttime will be equally laid-back as neighbors meet in the backyard for informal get-togethers or at the park for pickup softball. For those seeking something a bit livelier, local bars and galleries will come alive, offering events from poetry slams to local garage bands to full-out launch parties".

According to The News, Olympia and the Detroit Masonic Temple Association have a good working relationship. Little has been released about the redevelopment plans for what's possibly the poorest section of the greater downtown area, but the price of land in the area is already sky-high.

Last month, two derelict homes within feet of the arena hit the market for $3.5 million and $3.7 million.

In 2002, the $3.5 million property sold for $25,000.

A warehouse near the Masonic Temple was sold for $2.1 million to an LLC, TSD Solutions Inc., which is a firm that had been used by the Ilitches. The Detroit Shriners bought the place in 1983 for $118,000, the News reports.

Six other properties have been bought up in the area since last year.

Most notably, Olympia bought the Michigan Chronicle building in Cass Corridor for $1.6 million earlier in the year.

The News also reports that the City of Detroit is currently trying to make part of the Cass Park area -- a plot of land in front of the Masonic Temple -- a historic district. Once that's done, it would be harder to bulldoze any buildings.

However, none of the recently purchased buildings fall within the proposed historic district, The News reports.

Olympia is moving on rink construction, though, and following an aggressive timeline, according to officials.

The $650 million development is to be funded with a mix of $365.5 million in private investment and an estimated public investment of $284.5 million.

Olympia also wants to widen Temple Street on the north end of the initial planned development zone and redevelop three empty buildings just north of Temple.

Extrait d’un article du site internet MLive.com mis en ligne le 06.10.2015

Journaliste Ian Thibodeau