March 26, 2020
Michael Poris, AIA featured in Engineering News-Record
“A number of projects are challenged by the rise in construction costs, and the Detroit market is not as high of a rent or sale market as a number of other larger cities,” Poris says. “Things are getting built in downtown. Many older buildings have been renovated or are in the process, so the market is moving to new construction. The older buildings, with renovations, you have funding, historic tax credits and things that help fill the gap. Brownfield tax credits, preservation tax credits, all of this that helps fill the market.”