This goes back a couple of years ago to our Metro Detroit building project. We talk about the future of Metro Detroit real estate and what the new generation wants. Since this video was shot Royal Oak, and parts of Detroit have raised the rent on loft spaces despite a lack of local employment.
The lofts are actually expensive. What is interesting is that we are taking old homes and knocking out the walls and making the houses more "loft like" in an urban neighborhood. This is an intersting take because we are working with the existing spaces by doing two things:
* Adding Height - We are removing the roofs off of these properties and adding an extra story plus an attic.
* Adding Space: - We have knocked out the back wall of the house and have created a wide deck and dining room. This makes use of the backyard space.
The overall effect is creating a spacious living environment.
The hope here is still alive. The idea is that this area of Michigan is going to attract film makers, and young creative types.
Time will tell.....
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