I completely disagree with the idea that this could flood the market. We are living in a different time than when the Renaissance Center was built. The RenCen was built during a time that offices were flooding out of cities across America. The Class A office space of the RenCen took away tenants for lower quality buildings because at that point it was a race to Class A office space. Right now, Detroit has a shortage of office space. That market is not going to be flooded any time soon.

In terms of residential, I believe strongly like most other city planners, that synergy is a real thing. If the national housing market is growing, and a neighborhood gains more improvements and amenities, the demand will ultimately grow. With retail and office being such a large piece of the Lower Woodward redevelopment "puzzle", we are gaining more possible users through this new development, and in turn, more demand. This is happening in Midtown Atlanta right now. There was a slight lull in the market and it took some time for the market to pick back up after the recession, but once a synergy began from a couple of new developments, new proposals began to flood into the marketplace. Now there are at least ten cranes in the air building high-rises for apartments. Once these are all built, and if these new residents do not depend solely on the single-occupancy vehicle, then we will continue to see more cranes rising into the sky.