text: Detroit businessman, former Piston, and current Mayor of Detroit Dave Bing said construction of the buildings, which were to house 112 units that included condos and town homes, was expected to be completed by 2009. Bing acknowledged that the prices for the condos—which range from $500,000 to $2 million+ -- are out of reach for many Detroiters, a third of whom live below the poverty level.