The 25-story Residences at Water Square on the site of the former Joe Louis Arena has been previously described by its developer as having "elevated but approachable" rents.
"It was fun and cool to live downtown. Downtown shut down. It was a ghost town. And it still hasn't bounced back for office buildings and so forth," Katsaros said.
A more than century-old firehouse in one of Detroit's most storied neighborhoods is on the market, and could be turned into housing.
The building at 1201 Bagley St., built in 1918 for the Detroit Fire Department's Engine Co. No. 8, now makes for "a unique investment opportunity for savvy buyers,…