03/10/2026
Downtown Detroit’s growth story is powerful, but this article is an important reminder that ownership and access to opportunity still matter.
As Detroit continues to evolve, the number of Black commercial property owners downtown has declined significantly over the past few decades, even as the city itself remains majority Black. Today, only a small handful of Black landlords remain in the downtown core. 
Ownership is about more than buildings, it’s about legacy, equity, and who gets to participate in the prosperity of our city’s future. Congratulations to Sharon Madison on the continued stewardship and leadership of the Madison Building and for helping carry forward an important legacy of Black ownership in downtown Detroit.
Worth the read and reflection.
Nearly four decades ago, Sharon Madison and her parents bought a building in a prominent location on Washington Boulevard in downtown Detroit.
Today, after weathering brutal market cycles, a municipal bankruptcy and a global pandemic, Madison is one of the few remaining Black landlords downtown in a city where four of every five residents are Black.
The number of Black commercial property owners in downtown Detroit has been dwindling over the years, down from perhaps more than 20 a quarter-century ago, Madison said.
Today, there may be as few as a half dozen, including Madison, Dennis Archer Jr., Hiram Jackson, Rainy Hamilton Jr., Richard Hosey and Emmett Moten (along with his cadre of investors in the 150 Bagley redevelopment).
The reasons for the disparity are myriad, owners and other experts said. Downtown’s evolution over the last 10 to 15 years has made it increasingly difficult for potential Black commercial property buyers to acquire buildings and land on which to develop.
Read more here: https://www.crainsdetroit.com/real-estate/downtown-detroits-black-building-owners-hold-tough-market?utm_source=facebook&utm_medium=soc-own