midtown detroit is the destination of over: 2 million annual visitors 30,000 employees 35,000...

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Page 1: Midtown Detroit is the Destination of Over: 2 million annual visitors 30,000 employees 35,000 college students 1.5 million patients of the Detroit Medical
Page 2: Midtown Detroit is the Destination of Over: 2 million annual visitors 30,000 employees 35,000 college students 1.5 million patients of the Detroit Medical

Midtown Detroit is the Destination of Over:

2 million annual visitors

30,000 employees

35,000 college students

1.5 million patients of the Detroit

Medical Center

17,000 residents

4,000 volunteers

Page 3: Midtown Detroit is the Destination of Over: 2 million annual visitors 30,000 employees 35,000 college students 1.5 million patients of the Detroit Medical

Cultural Institutions

Detroit Institute of Arts

College for Creative Studies

Page 4: Midtown Detroit is the Destination of Over: 2 million annual visitors 30,000 employees 35,000 college students 1.5 million patients of the Detroit Medical

Wayne State University

Page 5: Midtown Detroit is the Destination of Over: 2 million annual visitors 30,000 employees 35,000 college students 1.5 million patients of the Detroit Medical

Detroit Medical Center

Page 6: Midtown Detroit is the Destination of Over: 2 million annual visitors 30,000 employees 35,000 college students 1.5 million patients of the Detroit Medical

Detroit Public Schools

Cass Tech High School

Detroit School of Arts

Page 7: Midtown Detroit is the Destination of Over: 2 million annual visitors 30,000 employees 35,000 college students 1.5 million patients of the Detroit Medical

Willy’s Overland Lofts

Page 8: Midtown Detroit is the Destination of Over: 2 million annual visitors 30,000 employees 35,000 college students 1.5 million patients of the Detroit Medical

Art Center Town & Carriage Homes

Page 9: Midtown Detroit is the Destination of Over: 2 million annual visitors 30,000 employees 35,000 college students 1.5 million patients of the Detroit Medical

East Ferry Residential

Page 10: Midtown Detroit is the Destination of Over: 2 million annual visitors 30,000 employees 35,000 college students 1.5 million patients of the Detroit Medical

Springfield Lofts

Page 11: Midtown Detroit is the Destination of Over: 2 million annual visitors 30,000 employees 35,000 college students 1.5 million patients of the Detroit Medical

Commercial & Entertainment Activities

Page 12: Midtown Detroit is the Destination of Over: 2 million annual visitors 30,000 employees 35,000 college students 1.5 million patients of the Detroit Medical

Midtown Economic Indicators

2000 - 2005

Estimated Increase in Midtown Population:

(includes WSU students living in dormitories)

3,000

Number of Housing Units Completed, Under Construction, or Planned:

3,143

Housing Sales Prices: $140 - $400K

For Sale Housing Absorption Rates:

Completed Projects: 98%

Projects Under Construction: 60%

Average Monthly Rental Rates: $575 - $1,200 / month

Rental Occupancy Rate: 95%

New Small Businesses Opened or Planned: 37

Total Midtown Investment: $1.6 billion

Page 13: Midtown Detroit is the Destination of Over: 2 million annual visitors 30,000 employees 35,000 college students 1.5 million patients of the Detroit Medical

Institutional

Residential

Commercial

Green Space

$1.6 billion

Total Investment in Midtown: