#Detroit’s Six Mile, aka McNichols Road. West side. Locals have never really stopped believing in their historic community. Starting out with just a barbershop at first, Metro Detroit Barber College owner Raymond Ware bought 7443 W McNichols back in 1993 for $75,000. Ware also bought the vacant lot next door (now in use as a pocket park) for $35,000 back in 1991. T-Mo’s BBQ owner Toriano Dotson bought its building at 7401 W McNichols back in 2000 for $31,500. The city finally started catching up over the past decade. In 2017, this area became part of the first three around the city targeted for investment under the
@detroit_pdd Strategic Neighborhood Fund, managed by
@investdet . The fund pooled city, state and private philanthropic dollars to make new investments in the streetscape, park spaces (like the nearby Ella Fitzgerald Greenway), housing and commercial corridors like this one. Here the local
@live6alliance also helped shape the planning around those dollars. Invest Detroit began acquiring properties strategically along the corridor, including those surrounding the barber college and T-Mo’s. In 2019 Invest Detroit sold 7400 W McNichols for $208,000 to Speramus Partners, co-founded by
@detroitspirit , who has also spent the past decade teaching fellow Detroiters how to get into small scale real estate development via
@bcvdetroit . Invest Detroit also financed the buildout at 7400 W McNichols as part of the Strategic Neighborhood Fund. This stretch of the corridor also connects
@detmercy at one end and the
@marygroveconservancy at the other. The latter, a former college campus, is now under conversion to a mixed-use campus that is highly anticipating the eventual arrival of its new anchor tenant,
@thekresgefoundation — which has been one of the big funders behind the Strategic Neighborhood Fund. The SNF has since expanded to a total of eleven areas throughout the city, and Invest Detroit is now raising SNF II, seeking another $40 million. They’ve got $25 million so far, but have stalled out a bit over the past year as public and private funders have hesitated to cough up more funding for some reason.