Summer 2014: A Revitalization Nation

Commercial Development in the Motor City, Our Empty Lots & Even Along the Mother Road

What can we learn from redevelopment in the Motor City, a famous interstate, and local empty lots? How do TRIA and 1031 exchanges affect redevelopment? Also, meet the REach® Class of 2014 and learn why it matters to commercial members.

Download (PDF: 2.89 MB)

In This Issue

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.

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.

Whether consulting on investment opportunities, working with an economic development authority on a redevelopment project, or helping fill a vacant space for a building owner, RPR Commercial assists you in determining what businesses would be appropriate for a given location by looking at consumer spending data and seeing what business types are being underserved in the area.

Advertisement

Past Issues

About Commercial Connections

Commercial Connections is published four times annually and distributed to members of the National Association of REALTORS® and commercial real estate industry leaders. To subscribe to the newsletter, update your NRDS profile to include commercial interests in the "Field of Business List."

Update NRDS profile