Detroit metro sees new housing projects, retail sales and industry expansion

A $43.4 million housing project in Detroit’s North End Landing has received state approval for 177 new units, Hoodline reported. The development is part of a broader push to expand residential options in the city, following a separate $43.3 million community benefits agreement tied to the RenCen, which includes housing, job training and a movie theater, according to Crain's Detroit. Meanwhile, Sheffield has laid out a plan to build 1,000 new homes in Detroit by 2031, Crain's Detroit reported. The Zillow Home Value Index shows the typical home value in Detroit was $264,316 in September 2026, up 1.8% from the prior year. In Troy, a prominent retail property sold for $37.5 million, Crain's Detroit reported, signaling continued interest in commercial real estate in the metro area. West Shore Home expanded its operations into Metro Detroit and Southeast Michigan by acquiring Atlas Home Improvement, Yahoo Finance reported. Additionally, a Detroit-based educator is teaching Black teens about real estate and wealth-building, BlackNews.com reported, highlighting efforts to broaden access to housing knowledge in underserved communities.