What That Means For Our Region

Detroit just made one of the boldest pricing moves we have seen in years. Bedrock released early details on the luxury condos coming to the Hudson’s Site tower downtown, and the headline number is getting a lot of attention. They are bringing units to market at one thousand U.S. dollars per square foot.

For context, the average downtown Detroit condo currently sells for around three hundred and change per square foot. These new EDITION branded units are pricing at more than triple the local average. Bedrock is even applying for a property tax break to help support the early buyers.

This is a major statement about where they believe downtown Detroit is heading. They are betting on sustained demand for high quality urban living, stronger downtown amenities and the long term impact of billions of dollars in investment that have poured into the core. Developers do not ask one thousand dollars a foot unless they have a clear vision for where the market can go.

From this side of the river, it also puts Windsor’s value story into perspective. We live next door to a major city that is confidently reaching for national level pricing in its most high profile project. When Detroit pushes the ceiling higher, it forces all of us to look at our own market and recognize how much runway still exists here for both affordability and long term growth.

Whether you follow real estate, invest in the region or just keep an eye on cross border trends, this latest move at the Hudson’s Site is an important benchmark. There is a clear message behind the pricing and it is worth paying attention to.

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