Only in 2008 were the Brewster Homes, located near the junction of I-75 and I-375, formally abandoned. Four of the six towers constructed in 1993 remain, along with several rowhouses and low-rise buildings. The 15-acre site, which straddles Brush Park, Eastern Market and downtown Detroit, are a tough sell -- consider the cost of demolishing the towers, a $3 million price tag and the clearance needed from the U.S. Department of Housing and Urban Development to make the sale. Yet Midtown's strong development clip has some local real estate experts speculating about the possible investment potential of the Brewster site.
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But Bieri thinks the site has potential -- good visibility, and proximity to Midtown. "One
of the issues in Detroit is trying to acquire sites of size without
strings attached, because there are so many issues with regard to quiet
title, or redevelopment districts with strings attached," he said. "If
the site were actually available with no strings attached, it could be a
viable opportunity for developers."
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