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Detroit's Jefferson-Chalmers efforts may offer model for neighborhood turnaround
- rmason 6y agoJefferson-Chalmers is the last Detroit neighborhood with any real potential to see redevelopment. Jefferson-Chalmers butts up against Grosse Pointe which is Southeast Michigan's answer to Beverly Hills. The area also contains Detroit's answer to Venice, a neighborhood with canals that lead to the Detroit river. You can park your boat outside the back door and with a short trip head to either Lake Huron or Lake Erie. I always thought expanding those canals was the key to reviving Jefferson-Chalmers. Lots of famous rock stars played at the Vanity Ballroom. MC-5, The Stooges, Velvet Underground and Ted Nugent and the Amboy Dukes to name a few. Property values are still quite low partially because almost no one is reinvesting in the area. Friend of a friend bought a 5 unit apartment building for $13,000 off Craig's List. https://www.youtube.com/watch?v=bapcgs1v62Q&t=4s https://www.youtube.com/watch?v=bapcgs1v62Q&t=4s He's also trying to put together a pool to invest in buildings in this neighborhood. http://hopinthepool.com http://hopinthepool.com
- Taikonerd 6y ago> Jefferson-Chalmers is the last Detroit neighborhood with any real potential to see redevelopment. Do you mean that like, the other neighborhoods are lost causes? Or like, it's the most recent neighborhood with any real potential?