Bretton Hall is one of the buildings that was sold. (Google maps photo
Bretton Hall is one of the buildings that was sold. (Google Maps photo)
Progress and gentrification in Anywhere USA can often spell doom for low-income residents. Near the Little Caesars Arena in Detroit, tenants worry about being pushed out.
Louis Aguilar of The Detroit News reports:
Three Cass Corridor apartment buildings near Little Caesars Arena are part of an $8.1 million sale involving a mysterious buyer that has low-income residents of the apartments wondering if they will be pushed out of the homes as the project evolves, The Detroit News has learned.
The buildings are one block west of the $862.9 million sports and entertainment complex opening in less than three weeks. For several years now, the arena complex has sparked multimillion-dollar sales of property in a neighborhood that’s been blighted for decades.
The buildings, on the 400 block of Henry, contain about 95 units and were sold in a single $8.1 million deal last October to a buyer that’s taken steps to conceal its identity in public records. Another empty building on the block was also part of the sale. The properties were owned by entities linked to local developer Peter Mercier.
