D. Alex Vaughn

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D. Alex Vaughn

D. Alex Vaughn

@iAmDAlex

Real Estate & Prop Mgt | Adj Professor @NSUFlorida | I tweet about Housing, Crypto & Sports | Views are my own 🇯🇲🇺🇸

Detroit, MI + Miami, FL Katılım Mayıs 2009
2.8K Takip Edilen1.3K Takipçiler
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D. Alex Vaughn
D. Alex Vaughn@iAmDAlex·
Seeing Essentials of Residential Property Management on the shelf at Barnes & Noble was a reminder of why I wrote this book. It’s more than a milestone — it reflects the growing need for practical, operations-focused knowledge in real estate & property management.
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D. Alex Vaughn
D. Alex Vaughn@iAmDAlex·
Detroit’s rebound has been more measured and durable than “boomtown” cycles like what are seeing in Austin & Miami. A lot of the 2010s pipeline is now delivering/settling into stabilized occupancy vs. chasing constant new cranes. Detroit’s approach is building a steadier base
Dion@2024dion

Spent some time walking around downtown Detroit this afternoon. Most of the 2010s projects that were ongoing when I left in 2022 are complete (Hudson’s Site, Book Tower, a few smaller buildings) but it doesn’t seem that there’s much that’s new, which is a crazy contrast to my first time here in 2019 whew every block seemed to have something going on. The UM building and the convention center hotel are the only new construction going up, it seems, and all the buildings that were vacant when I left are still vacant. My old office tower, the Michigan Building, looks like it might be totally empty now too. Retail vacancies are about the same, maybe slightly down at best. The qline hasn’t upgraded its ROW and the cars are already aging fast. It’s a bit of whiplash for me after spending last week in Austin where the 2020s have had explosive physical growth downtown & everything was both new and packed. I don’t know if the pandemic just crushed office occupancy and made downtown less desirable to live in, or if the low hanging fruit has been plucked and now Gilbert has pulled back, or what, but the vibrancy and promise of the 2010s seems to have slacked off.

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D. Alex Vaughn
D. Alex Vaughn@iAmDAlex·
@2024dion Austin’s explosive growth came with real downsides: overheated development, elevated downtown office vacancy, and affordability-driven churn that’s forced a lot of people out. Detroit’s approach is slower, but it’s building a steadier base.
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D. Alex Vaughn
D. Alex Vaughn@iAmDAlex·
@2024dion Detroit’s rebound has been more measured and durable than “boomtown” cycles. A lot of the 2010s pipeline is now delivering/settling into stabilized occupancy vs. chasing constant new cranes.
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Dion
Dion@2024dion·
Spent some time walking around downtown Detroit this afternoon. Most of the 2010s projects that were ongoing when I left in 2022 are complete (Hudson’s Site, Book Tower, a few smaller buildings) but it doesn’t seem that there’s much that’s new, which is a crazy contrast to my first time here in 2019 whew every block seemed to have something going on. The UM building and the convention center hotel are the only new construction going up, it seems, and all the buildings that were vacant when I left are still vacant. My old office tower, the Michigan Building, looks like it might be totally empty now too. Retail vacancies are about the same, maybe slightly down at best. The qline hasn’t upgraded its ROW and the cars are already aging fast. It’s a bit of whiplash for me after spending last week in Austin where the 2020s have had explosive physical growth downtown & everything was both new and packed. I don’t know if the pandemic just crushed office occupancy and made downtown less desirable to live in, or if the low hanging fruit has been plucked and now Gilbert has pulled back, or what, but the vibrancy and promise of the 2010s seems to have slacked off.
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D. Alex Vaughn
D. Alex Vaughn@iAmDAlex·
@mvelitehomes I’m planning to vote against this because legislators have failed to show how they plan to replace the lost tax revenue for local governments and school systems.
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Maria T Villalobos
Maria T Villalobos@mvelitehomes·
Florida está considerando un cambio que podría eliminar los impuestos a la propiedad para viviendas principales. Esto podría significar miles de dólares de ahorro cada año para los propietarios 👉 ¿Votarías SÍ para reducir los impuestos a la propiedad en noviembre? Quiero Leerte!
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D. Alex Vaughn
D. Alex Vaughn@iAmDAlex·
Sounds like you got it a good discount. My larger concern would be surrounding the question of what will demand look like when you’re ready to go to market. Demand today may look completely different 6-12+ months out. I suggest looking into housing market forecast data for Miami Dade County.
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Branden
Branden@BrokerBranden·
@iAmDAlex Interesting! This is one of those neighborhoods where the demand will always be there. I also bought at 40 cents on the dollar.
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Branden
Branden@BrokerBranden·
What would you guys do. Option 1 Have an offer making roughly 250k profit without touching it Option 2 Go through with the build with a money partner . Potential net 800-900k each in the next 2 years
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D. Alex Vaughn
D. Alex Vaughn@iAmDAlex·
This mirrors a lot of what I experienced in Miami’s tech space. Around that same time, I was building a fintech/proptech product here in Miami, and I also found the ecosystem disappointing. Too often, I felt like an outsider in my own city. Ironically, I received more genuine support and interest from tech communities in Atlanta and Charlotte than I did in Miami.
Rae@raechellambert

Husband and I tried Miami for 1 year after living in SF and NYC tech scenes. Very top heavy - mostly successful founders and VCs who go to live in their nice houses and aren’t out there being part of the community Tons of larping founders - I got invited to some “female founder dinners” and every single woman showed up dressed for a kardashian wedding and had obviously spent all their time in the salon, not building a startup The grifting is real - we won Miami Hack Week in 2023. The $10k prize money did not exist and it took 6 months to even get a hold of the organizer. He never paid. When the next Miami hack week came around, I tried telling 3 people in the community. Organizer told them I was a liar and that I had been paid. This bullshit would never happen in SF or NYC. Miami hack week seems to have a new organizer now so I’m hopeful it’s being better managed.

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D. Alex Vaughn
D. Alex Vaughn@iAmDAlex·
Sorry to hear this happened to you. I live in Miami and was building a fintech/proptech product around that same time. I agree that the Miami tech scene can be disappointing. I often felt like an outsider in my own city. Ironically, I got more support and genuine interest from tech ecosystems in Atlanta and Charlotte than I did here in Miami.
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Rae
Rae@raechellambert·
Husband and I tried Miami for 1 year after living in SF and NYC tech scenes. Very top heavy - mostly successful founders and VCs who go to live in their nice houses and aren’t out there being part of the community Tons of larping founders - I got invited to some “female founder dinners” and every single woman showed up dressed for a kardashian wedding and had obviously spent all their time in the salon, not building a startup The grifting is real - we won Miami Hack Week in 2023. The $10k prize money did not exist and it took 6 months to even get a hold of the organizer. He never paid. When the next Miami hack week came around, I tried telling 3 people in the community. Organizer told them I was a liar and that I had been paid. This bullshit would never happen in SF or NYC. Miami hack week seems to have a new organizer now so I’m hopeful it’s being better managed.
dax@thdxr

x.com/i/article/2035…

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Columbo
Columbo@ColumboVSmagats·
@iAmDAlex Mayor Duggan has done some great work with many of Detroit parks And I helped with some of them But yes, keep improving Detroit Love it
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D. Alex Vaughn
D. Alex Vaughn@iAmDAlex·
Detroit should supercharge Brush Park with a true courtyard district.
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D. Alex Vaughn
D. Alex Vaughn@iAmDAlex·
Agreed. The best outcome is not freezing Brush Park in time, but honoring its historic architectural character and scale in a way that meaningfully integrates with new construction. New development should add density and housing, but it should also respect the neighborhood’s design DNA—materials, massing, streetscape, rooflines, rhythm, and public space. That is how you create something that feels like an authentic extension of Brush Park rather than a generic infill project dropped into it.
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ClamSat
ClamSat@clamsat_bioptic·
So within the core City Modern footprint (that ~8-acre site), the restored historic mansions are indeed a small minority—more like accent pieces or "jewels" integrated into a much larger new-construction neighborhood—rather than the dominant feature. That can make the overall feel lean heavily toward the contemporary "cookie-cutter" aesthetic you mentioned, especially compared to Brush Park's pre-development era when it had dozens more surviving Victorian/Edwardian homes (though many neighborhood-wide have been lost or restored separately over time).utside the specific City Modern block, Brush Park as a broader historic district still has other restored or preserved homes scattered around (some estimates put ~30 or so remaining Victorian/Edwardian structures neighborhood-wide, with varying levels of restoration), but the big Bedrock project definitely prioritized density and new housing over maximizing historic preservation.a fair observation about the City Modern development in Brush Park. The project (completed in 2025 by Bedrock) delivered around 450 new residences across 20 newly constructed buildings, which dominate the site with their modern, somewhat uniform design—townhomes, carriage homes, duplettes, flats, and apartments. In contrast, the historic Victorian mansions that were preserved and restored are far fewer.From official announcements and reports:Bedrock rehabilitated three historic Victorian-era mansions, converting them into five luxury condominium homes (with some sources noting they worked to save four but fully restored three after one had partially collapsed).These restored structures sit among the new builds, retaining their 19th-century brick facades, charm, and details while getting modern interiors, terraces, garages, etc.
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KingKzoo
KingKzoo@kingkzoox·
@iAmDAlex Who would you propose live there and keep it nice?
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Presetter
Presetter@charles_preset·
@iAmDAlex @gmangan79 Ah yes, the unaffordable zone. Perfecto. The rest of us will live in St Denis, no?
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D. Alex Vaughn
D. Alex Vaughn@iAmDAlex·
The vacant land where the former Brewster Apartments once stood would be a perfect place to do it. That site is large enough to create a real courtyard district at scale—mixed-income housing, walkable blocks, activated green space, and a development pattern that fits @CityofDetroit.
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Keşfet

@2024dion @mvelitehomes @ShawnRealty @ColumboVSmagats @TBrandaddy @GovWhitmer @RealTJS2 @elonmusk