As Detroit is setting pace for its rebound, here are 5 Developments Setting the Transformation of Detroit. These 5 developments with not only change the neighborhoods in Detroit, but the city as a whole:
Brush Park’s City Modern Development by Bedrock
City Modern is a residential development of 400 units combining modern with historic architecture. The development is well under way and is being completed by Dan Gilbert’s development group known as Bedrock.
Michigan Central Train Depot
The Michigan Central Train Depot was purchased by Ford Motor Company where they are redeveloping the historic building into their “Campus For Mobility” headquarters. The development will bring over 5,000 jobs to Corktown and the development will consist of Office, Residential and Retail and possibly another 600,000 building. The cost of the development is estimated to be over $740,000,000. There is even a rumor of Ford re-opening the rail line…
The Hudson’s Site
Dan Gilbert’s development group Bedrock recently broke ground on a development located on the historic Hudson’s site. The development will be the tallest building in Detroit. It is said the building will be 912 feet tall and will include an observation deck, residential, office, a hotel and retail including a ground floor market. The development is estimated to be completed in 2022 or 2023.
The Mid
The Mid will be the largest development north of Mack since the 1920’s. The development will be located in Mid-Town and will include a 25 story, 228 room hotel with residential. The development will also include a 30 story residential multifamily tower to include 250 units with retail on the first floor. It is estimated that the development will cost upwards of $310,000,000.
Redevelopment of the State Fairgrounds
It looks like the long standing eye sour known as the State Fairgrounds has a good shot at finally being redeveloped. The city recently purchased the 142 acres surrounding the State Fairgrounds and is currently soliciting RFP’s from prominent developers to redevelop the site. If the site were to move forward it would have a massive impact on the surrounding area.
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