Exchange Detroit NEZ extension for Greektown condos
Detroit
Summary
Two of twelve condos built by Barton Malow's Exchange Detroit still haven't sold; the extension keeps the discounted NEZ tax rate available for buyers through November 2026.
At a glance
- Total mentions
- 2
- Last 30 days
- 0
Last discussed Jul 16, 2026.
Impact analysis
Forfeits some future tax revenue; saves buyers roughly $625/month per unit on a ~$300,000 condo.
Buyers of the last two condos, and Greektown revitalization generally.
Mentions & discussions (2)
Planning and Economic Development Standing Committee
Council is backing a state bill that would let Detroit designate more land as Neighborhood Enterprise Zones — raising the cap from 15% to 20% of city acreage — expanding a residential tax incentive tool.
Planning and Economic Development Standing Committee
Two of twelve condos built by Barton Malow's Exchange Detroit still haven't sold; the extension keeps the discounted NEZ tax rate available for buyers through November 2026.
Related development
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