All Posts Tagged With: "rust belt"

RUST BELT REVIVAL: FROM DOOM TO BOOM

The locals call it “The Pointes.”

Gross Point was one of the highest rent neighborhoods in the country. It sits between Detroit and Lake St. Clair. Its wooded scenery, mild summer weather, and proximity to industrial areas have made it a popular residential neighborhood for industrial titans for a century.

The Pointes was one of the hottest real estate markets in the 1920’s. You had to have a mansion in Gross Pointe If you were an executive in Detroit’s booming auto industry.

Flash forward 90 years and we’ve got a completely different picture. There are “for sale” signs hanging off a lot…

8Sep2008 | Q1 Publishing | Comments Off | Continued

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