Placemaking, simply deﬁned, is a way to transform a space where no one goes or avoids - i.e. a vacant lot - to a vibrant place where the community gathers and returns again and again, a farmer’s market, for example. NAR launched a Placemaking Initiative in 2013, introducing a Placemaking Guide, funding through a Placemaking Micro-grant and a series of educational webinars.
Most of us associate Detroit with the automotive industry. But recent media reports also highlight a Detroit wrestling with bankruptcy and the decline of its automobile industry. What’s interesting is that the bankruptcy ﬁling by the city of Detroit, an unprecedented move, may actually have spurred new interest from foreign investors in both commercial and residential real estate.