2022 DOWNTOWN DETROIT COMMUNITY AND DEVELOPMENT UPDATE - A Century of Transformation
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2022 DOWNTOWN DETROIT
COMMUNITY AND
DEVELOPMENT UPDATE
A Century of Transformation
MotorCity
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Introduction
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04 B R U S H PA R K
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Community Update
AD ELA IDE
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10 2022 Perceptions Survey7 5Report WIN DER
FIS HE R SE
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Recently Completed Developments
DR IV E HENRY
12 I- 7 5
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13 211 West Fort (A) IG
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220 West (B)
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14T H UE
16T H
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14 1225 Woodward (C) Downtown
17T H
TRU MBU LL
WA BAS H
The Corner
G
Developments
The 1300 (D)
RA
Ballpark MO NTC ALM
N
WOODWARD
D
15 The Eddystone (E)
RI
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Fox
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PA RK
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CO LUM BIA
M (F) Michigan Central
WITH EREL L
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Harmonie House
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DA LZE LLE PLUM Theatre
Developments
V
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(see inset map below) Detroit COL UMB IA
16 Huntington Bank Headquarters (G) PLU M Comerica
ST. ANTOINE
Center for
15T H
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VER MO NT
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O ELIZ ABET H
11T H
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Developments Under Construction
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17
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Grand
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18 Book Tower (A)
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20 City Modern (E) GL
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21 Godfrey Hotel (G) N OR
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22 Isaac Agree Downtown Synagogue (I)
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23 Lafayette West (K)
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24 Michigan Central: The Station (M) E Park
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25 Michigan Central: Bagley Mobility Hub (N) ABB OTT D
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26 Michigan and Church Street (P) D E
RANDOLPH
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Park Avenue Building (Q) M
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6TH
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MotorCity Campus
27 Pope Francis Center Bridge Housing Campus (R)
PARK
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Casino
WOODWARD
W. LAFAYETT E Martius L
BRO OKLY N
TEMP LE
The Residences @ 150 Bagley (S) R
RO SA PAR KS
WAS HING TON
Park
CAS S
LAFAYETT E
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TEM PLE E
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1ST
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3RD
5TH
Cadillac E
Pipeline Developments
HAR RISO N
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Other Investments
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34 Downtown
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35 2nd Avenue Greenway Study (A)
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641 Michigan Avenue Beautification Project (B) H, L
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Developments
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DEVELOPMENT OVERVIEW
Current Projects by Type Projects Under Construction
8 Recently Completed 9
Residential
19 Under Construction 3
Office
8 Pipeline Developments 19
Total
Projects
INTRODUCTION
Total Investment Currently 3
Under Construction Hospitality
2
Institutional
100 YEARS OF DOWNTOWN DEVELOPMENT $2,981,400,000 2
Transportation
Downtown Detroit continues to be the epicenter of the City’s revitalization, and the Downtown
Detroit Partnership (DDP) is privileged to be a part of it all. An aspect of this impactful growth is
development, and the 2022 Downtown Detroit Community and Development Update breaks it
all down. Produced by the DDP, with support from the Downtown Detroit Business Improvement
Zone (BIZ), this report highlights the projects that are strengthening the heart of Detroit. The
2022 edition is particularly exciting as DDP shares this as part of its milestone 100th Anniversary.
In addition to commercial projects, this update includes the numerous investments in community
and public spaces, infrastructure and mobility that are recently completed or on the horizon.
DDP also looks at the role Detroit plays in future innovation across the nation, and of special
note is a project lead by Olympia Development and Related Companies in partnership with the
University of Michigan. To read more about this exciting development, go to page 32.
HOTELS AND RESIDENTIAL UNITS
While the global pandemic caused many construction projects to be canceled or delayed,
the rapidly changing development landscape of Downtown Detroit continues to expand. The
excitement generated by this transformation has attracted new residents, visitors and investors, Upcoming Hotels New and Upcoming
and we are confident this positive momentum will continue. A quantitative review can be found in and Rooms Residential Units
the Community Update – Downtown by the Numbers section of the report, starting on page 6.
154 rooms 229 units
It should not be overlooked that positive momentum can in part be attributed to the BIZ working
Cambria Detroit
227 rooms
499 Book Tower
308 units
closely with DDP, its partners and stakeholders to support a clean, safe and vibrant Downtown for Godfrey Hotel Total Brush Watson
property owners, businesses, residents, real estate developers, employees and visitors. 118 rooms Rooms 410 units
ROOST Book Tower City Modern
92 units
The Eddystone (complete)
165 units
2,445
Exchange Total
320 units Units
Lafayette West
500 units
The Louis
195 units
Michigan and Church Street
78 units
Park Avenue Building
148 units
The Residences @ 150 Bagley
ROOST Book Tower
4 5
POPULATION
Total Downtown Population Downtown Population
(2010-2020) by Race/Ethnicity
8,000
680 2,859
7,000 Black
7,237
Asian
6,000 9% 40%
7,237
5,000
4,000 5,287
37% total
increase
3,000
322
2,000 Hispanic
4%
1,000
3,185 191
0 White
2010 2020 Other
44% 3%
COMMUNITY UPDATE Source: U.S. Census ACS. 2016-20, 5-yr Avg. Downtown Tracts Source: U.S. Census ACS, 2020. 5-yr Avg. Downtown Tracts
DOWNTOWN BY THE NUMBERS
DDP is a strong advocate for the Detroit community and one way we tell this story
is through data and metrics. “Community Update – Downtown by the Numbers”
analyzes a variety of data trends related to the Downtown, its visitors, residents,
businesses and more.
Downtown Detroit’s resilience has proven itself time and time again. Visitorship
in Downtown, by Spring 2022, had recovered around 70-80 percent of its 2019
totals. In July 2022, the number of visitors was greater than the number of visitors
in July of 2019. The following statistics curated and presented by the Downtown
Detroit Datascape tell a story of a city that is always ready to roll up its sleeves, do
the work and embraces opportunities while it addresses challenges.
*Projected numbers are subject to change.
VISITORS
Average Daily Downtown Visits Per Day, By Month
120,000
100,000 95,010
95,562 102,546 104,747 101,758
86,629 98,279 101,518
98,067 95,319 95,614
89,094 91,380
87,789
80,000 81,091 85,818
78,355
73,129 72,053 74,885 73,880 73,851
71,924 64,298 71,340 68,486
60,000 63,254 60,359 59,522
50,618
48,606
40,000 44,541
38,582 39,807 38,530
37,441
29,471 27,053 28,338
20,000 24,189
20,694
6,843 10,592
0
Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec
Source: Placer.ai, compiled by the Downtown
2019 2020 2021 2022 Detroit Partnership. Note: Number of daily visits
do not include visits from people who work
Downtown or live Downtown.
6 7
EMPLOYERS HOSPITALITY
& WORKERS Average Daily
Occupancy Rate,
Downtown’s
Downtown Hotels
Largest Employers
(Month of June)
Rocket Companies Inc.
100%
18,000
90%
City of Detroit 100%
8,563 80% 75.6%
90%
RESIDENTIAL
U.S. Government 70%
6,673 80% 75.6% 60.2%
60%
Blue Cross Blue Shield of Michigan/ 70%
Blue Care Network 50%
60%
60.2% Downtown Multi-Family
5,355 40%
50%
36.5% Residential Vacancy
Ilitch Holdings Inc. 30%
4,830 Maximum and Median Daily Total Workers, 40% 36.5% 20%
20% 18.4%
General Motors Co. Per Year (Monday-Friday) 30%
15.5% 18% 18.1%
4,658 10% 16% 16.6%
20% 15.7%
90,000 15.5%
DTE Energy Co. 0% 14%
82,743 80,463 10%
4,645 2019 2020 2021 2022 12%
80,000 11.7%
70,629 0% 10.1%
Wayne County 10%
70,000 Source: 2021 STR, LLC
2019 / STR Global,
2020 2021Ltd.2022 9.9%
1,834 © CoStar Realty Information, Inc. 8% 9.6%
8.5%
8.5% 8.1%
60,000 7.9% 7.4%
MGM Grand Detroit LLC 6% 6.9%
1,643 50,000
Revenue Per 4% Pandemic shut-down
order given
Ally Financial Inc. 40,000 2%
Available Room
20%
1,507 0%
18.4%
18.1%
30,000 26,709 18%
Deloitte (Month of June)
$160 16%
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
16.6%
20,000 17,512
1,095 14,223 2019 2020 2021 15.7% 2022
$140 $134.55 14%
10,000 $160 $129.60
Comerica Bank 12%
848 0
$120 11.7%
$140 $134.55 Source: CoStar,
10.1%data pulled August 5, 2021.
Max Daily Total Median Daily Total $129.60 10%
PwC $100 9.9%
9.6%
$120 8% 8.5% 8.5%
735 7.9% 7.4% 8.1%
2019 2020 2021 $80 6% 6.9%
$100 $65.47
Note: Some Downtown companies $60 4% Pandemic shut-down
$80 order given
have substantial numbers of employees Source: Placer.ai. compiled by the Downtown Detroit Partnership. Note: $65.47 2%
who work outside Downtown. Number of workers does not include Downtown residents who work from home. $40
$60 $21.75 0%
$20 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
$40 $2.10 Pandemic shut-down
$0 $21.75 2019 2020
order given 2021 2022
Average Workers Per Day, By Month (Monday-Friday) $20 $2.05
2019 2020 2021 2022 $2.04
$2.00
$0 $1.97 $2.00 $2.01
$1.98 $1.98
80,000 2019 2020 2021 2022 $1.95
$1.94
$1.90 $1.92 $1.92
70,000 75,281 $1.90
73,567 Source: 2021 STR, LLC / STR Global, Ltd. $1.85
63,796 71,298
Effective Downtown Market Rate,
69,013 67,809 69,581 © CoStar Realty Information, Inc.
67,643 66,240 67,303
60,000 $1.80
Per Q1
Square Foot Q1 Q2 Q3 Q4 Q1
61,307 60,913 61,431 Q2 Q3 Q4 Q2
58,869
50,000 2020 2021 2022
40,000 $2.10 Pandemic shut-down
order given
33,771 $2.05
30,000
$2.04
$2.00
27,255 28,440 27,765 $1.97 $2.00 $2.01
20,000 26,195 26,342 $1.98
21,943 $1.98
18,791 19,426 20,556 22,532 21,513 $1.95
17,712 17,641 19,277
16,097 16,281 $1.94
14,171 15,262 15,795 15,025 15,762 15,505 $1.90 $1.92
10,000 13,498 14,038
12,189 $1.92
10,852 10,794 $1.90
8,639 $1.85
0
Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec $1.80
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
2020 2021 2022
Source: Placer.ai, compiled by the Downtown Detroit
2019 2020 2021 2022 Partnership. Note: Number of workers does not
include Downtown residents who work from home. Source: CoStar, data pulled August 5, 2021.
8 9
Reported Participation in Particular Familiarity with Downtown
Activities in Parks and Public Spaces Events and Programming
2022 Spent time with family and friends
More than 2/3 of Detroiters
DOWNTOWN
62%
63%
73% (68%) said they were either
Ate lunch or dinner
DETROIT
60% “Very Familiar” or “Somewhat
68%
71% Familiar” with Downtown
Exercised (walked, biked, etc.)
PERCEPTIONS 43% events and programming
54%
48%
SURVEY
Fair or other outdoor event
41%
43% Detroiters More than 87% of the Tally
54%
(2022) was either very or somewhat
Relaxed (read book, enjoyed scenery, etc.)
HIGHLIGHTS 40%
43%
49%
familiar with Downtown events
and programming
Attended concert The Tally
The Downtown Detroit Partnership 35%
34% (2022)
46%
(DDP) strives to serve the Downtown
Shopped at or visited holiday market
and all its stakeholders – from 32%
longtime city residents and workers 34%
50%
Detroiters Changes in Visits to
Met colleague for meeting (2020)
to local businesses and strategic 21%
34%
Downtown Detroit During
partners at the civic, philanthropic
Overall Attitudes Toward Downtown Detroit COVID-19 Pandemic
26%
and corporate levels. To ensure Watched a movie
14%
DDP is stewarding the Downtown 14% As expected, the types and frequencies
100% Ice skated of activities reported in 2020 (pre- 21%
in a way that benefits everyone, 12%
14% pandemic) were significantly different More Often
the Downtown Detroit Perceptions 80% 88%
15%
54%
83% Walked dog than those reported having taken place
Survey is conducted every two 78% 7% Less Often
60% 14% in the last year.
years. The survey gathers feedback 8%
directly from the community. The 40%
below online dashboard summarizes 25%
20%
key findings from the 2022 survey,
Reported Participation in Particular About the
Same
which is led by the DDP and the 0%
Downtown Detroit BIZ. Detroiters The Tally Detroiters Activities in Downtown Detroit
(2022) (2022) (2020) Over half of people (54%) said they visited
Dined out
66%
72%
Downtown less frequently during the Pandemic
Detroiters’ overall impression of Downtown Detroit remains favorable, 73%
with 78% of Detroiters saying their impression of Downtown was Walked or ran for exercise or leisure
READ
52%
57%
either very or somewhat positive. This was down a bit from last survey 46%
Shopped
FULL when 84% of people had a positive impression of Downtown.
46%
56%
REPORT
47%
The overall impression of Downtown Detroit among the Tally was very Went to bar or club
42%
high (88%), and improved from 2020 (83%). 55%
48%
Used government services
34%
Downtown Detroit Visitorship in the Past Year 22%
56%
Sporting event
ABOUT THE RESULTS 31%
41%
Downtown Detroit In General 34%
Detroiters (2022)
97% Outdoor festival, event, or concert
The RiverWalk 30%
33%
Detroiters (2020) 85% 35%
Campus Martius Park Gambled at casino Detroiters
25%
The “Detroiter Profile” group are 76% 16%
44% (2022)
individuals who received an exclusive Hart Plaza Visited art gallery
mailing asking that they complete the 67%
25%
Downtown Detroit Perceptions Survey. Spirit of Detroit Plaza 23%
34%
The Tally
62%
The mailings were selected at random, Indoor festival, event or concert (2022)
and the results are weighted to align Cadillac Square 23%
29%
64% 36%
more accurately with the demographics
Grand Circus Park Stayed in Downtown Detroit hotel
of Detroit residents overall. 59% 97% of 20%
21% Detroiters
Capitol Park Detroiters visited 22%
(2020)
The Tally (2022) 51% Theater or fine arts performance
Downtown last 19%
Data marked as “The Tally” indicates Beacon Park 27%
26%
58% year Used professional service
results from a survey invitation that was
Paradise Valley / Harmonie Park 17%
available more widely from sources such 39% 12%
24%
as email solicitation, Facebook and
Non-work related meeting, seminar or conference
radio advertisement, and accessible to 12%
16%
both Detroit residents and non-Detroit The Riverwalk is the most popular of the Downtown public 20%
residents. The results include all results spaces, with 84% of Detroiters having visited last year. Roller skated
10%
without weighting. 4%
Campus Martius Park is the second most popular public space Participated in public demonstration
8%
Downtown with more than 3 of 4 (76%) Detroiters saying they 10%
10%
had visited in the past year. Took a class
6%
9%
12%
10 11
R EC EN TLY C OM PLETED
211 WEST FORT
211 West Fort Street
Located at the corner of Fort and Washington, 211 West Fort is just
a short walk to Campus Martius Park. The walkability of the location
gives tenants easy access to a variety of dining, retail and entertainment
options throughout the Central Business District. Comprised of 450,000
rentable square feet, 211 is one of the few buildings Downtown to
offer floor-to-ceiling windows, providing abundant natural night and
unobstructed views, all within a Class A environment. The lobby has
been updated with reskinned columns, living walls, lighting upgrades
and improvements to the elevator cabs. Foster Financial has also
replaced rooftop lighting to now include multicolored bulbs to increase
curb appeal and highlight the building in numerous colors. Other
improvements to the site include three new food and beverage options
— a cocktail bar, restaurant and café. The 15th and 16th floors will be
the new home of Majorel, an IT service management company that will
occupy 36,000 square feet. Majorel is the first large-scale company to
move into Detroit since the beginning of the pandemic, and their move
to 211 West Fort will bring over 500 new jobs to Downtown Detroit.
DEVELOPERS SECONDARY SOURCES OF
Foster Financial/Tribus BUILDING USE FINANCING
Restaurant, Retail Private financing
PRIMARY
BUILDING USE DOLLARS INVESTED COMPLETION DATE
Office Undisclosed Fall 2021
Sources: Foster Financial, Detroit Free Press
RECENTLY COMPLETED DEVELOPMENTS
R EC EN TLY C OM PLETED
220 WEST
220 West Congress
220 West is a five-story building in Downtown Detroit’s
Financial District that spent its early years as a fur
glove factory. This project was completed in late 2021
with office lofts on the upper floors, multiple retail
storefronts on the ground floor, including Tropical
Smoothie Café and a new restaurant expected to
launch in early 2023. 220 West is home to Venture X
co-working space and 7,300 square feet is available on
the fifth floor with stunning views of the Detroit River
and Windsor, Canada. The 34,500-square-foot building
is situated near several hotels, Huntington Place, the
Woodward Avenue Shopping District and the QLINE.
DEVELOPER SOURCES OF FINANCING
Basco of Michigan, Inc. Mercantile Bank Loan,
PRIMARY BUILDING USE Brownfield Tax Credits,
Office Obsolete Property
Rehabilitation Act (OPRA)
SECONDARY BUILDING USE and private financing
Retail
COMPLETION DATE
DOLLARS INVESTED December 2021
$8.5 million
Source: Basco of Michigan, Inc.
211 WEST FORT | HUNTINGTON BANK HEADQUARTERS | THE PENOBSCOT
12 13
R EC EN TLY C OM PLETED
RECENT LY COMPL ET ED
THE EDDYSTONE
1225 WOODWARD 2701 Park Avenue
1225 Woodward Avenue With 92 thoughtfully designed apartments, art-infused
Formerly known as the Fowler Building, 1225 Woodward interiors and an eclectic first-floor lounge, the new era
is located on the west side of the 1200 block of of The Eddystone offers a blend of modern amenities
Woodward Avenue, directly across from the Hudson’s and historic charm in The District Detroit. First opened in
site, between Bedrock’s 1217 Woodward building and the 1920s, the 13-story, Renaissance Revival-style Hotel
the space currently leased to The Hudson Café (within Eddystone, was designed by architect Louis Kamper
the Lofts of Merchants Row). The site was built in 1911 and located within the City’s Eddystone Hotel Historic
and designed by the architecture firm Donaldson and District. It is being transformed into a 92,000-square-foot
Meier. 1225 Woodward includes 51,000 gross square mixed-use retail and residential building. Twenty percent
feet across eight floors plus a full basement. Bedrock’s of the 92 residential units are reserved as affordable
strategic vision for 1225 Woodward shows retail space housing. The Eddystone is listed on the National Register
on the first floor and office space on the upper floors. of Historic Places and is among three locations on Park
The basement has the potential to be leasable space Avenue designed by Kamper.
tied to the first-floor retail tenant.
DEVELOPER DOLLARS INVESTED
DEVELOPER SOURCES OF FINANCING Olympia Development $35-$40 million
Bedrock Undisclosed of Michigan SOURCES OF FINANCING
PRIMARY BUILDING USE COMPLETION DATE PRIMARY Private financing, Federal
BUILDING USE Historic Rehabilitation Tax
Retail and Office Fall 2022 Residential Credit Program
DOLLARS INVESTED
SECONDARY COMPLETION DATE
Undisclosed BUILDING USE
December 2021
Restaurant
Source: Bedrock
Sources: Olympia Development of Michigan, Ilitch Companies News Hub,
Crain’s Detroit Business
R EC EN TLY C OM PLETED
R ECEN T LY C O M P L E T E D HARMONIE HOUSE
311 East Grand River Avenue
THE 1300 The Harmonie House, an historic rehabilitation of a more than 35,000-square-foot
1300 Broadway building, was originally constructed in 1895 by members of the German community
The 1300 is located at the northeast corner of Broadway and as a place for community events and socialization. Basco undertook this historically
Gratiot and serves as the southern anchor to the Broadway accurate rehabilitation in hopes of restoring it to be a critical anchor to the Paradise
Avenue Historic District. It was originally constructed in Valley cultural and entertainment district. That hope has been realized.
1906. Purchased by Basco in May 2019, the building has
undergone the following renovations: historic façade Lighthouse Immersive recently signed a multi-year lease for 27,900 SF in the
rehabilitation, complete HVAC installation, new lobby, new building to present their Van Gogh exhibit.
roof and several whole floor tenant remodels. The result is a
building that not only anchors the street but provides a sense The project features a one of kind exhibit and event venue on the second and third
of place for its tenants and the community. floors and feature dramatic views of the Detroit Athletic Club (DAC), Ford Field
and Comerica Park. The first floor includes a lobby, retail space and additional
exhibit and event space. The lower level, which features historic Pewabic tile, will
DEVELOPER DOLLARS INVESTED
Basco of Michigan, Inc. $7 million be repurposed as a unique bar/restaurant/lounge to complement the other uses
PRIMARY SOURCES OF FINANCING
in the building. The rehabilitation will also include a new roof, HVAC, electric,
BUILDING USE State bank loans and plumbing, elevators, façade and the restoration of the historic grand staircase and
Office private resources ballroom plaster work.
SECONDARY COMPLETION DATE
BUILDING USE
Retail/Commercial December 2021 DEVELOPER DOLLARS INVESTED Obsolete Property
Basco of Michigan, Inc. $7.8 million Rehabilitation Act (OPRA),
PRIMARY BUILDING USE SOURCES OF FINANCING historic tax credits and
Source: Basco of Michigan, Inc.
Retail Commercial loan, private resources
SECONDARY BUILDING USE Downtown Development COMPLETION DATE
Restaurant Authority (DDA) loan, August 2022
brownfield tax credits,
Source: Basco of Michigan, Inc.
14 15
NEAR LY C O M P L E T E D
HUNTINGTON BANK
HEADQUARTERS
2025 Woodward Avenue
The Huntington Bank commercial banking headquarters is
nearly complete. The new 20-story, mixed-use structure is just
north of Grand Circus Park at the corner of Woodward Avenue
and Elizabeth Street. The 420,000-square-foot building will
have ground floor retail, 10 floors of parking and 185,000
square feet of office space across nine floors, plus a rooftop
terrace. TCF announced its merger with Huntington Bank in
December 2020, which resulted in another name change. The
building will be completed later this year.
DEVELOPER DOLLARS INVESTED
The Sterling Group Undisclosed
PRIMARY BUILDING USE SOURCES OF FINANCING
Office Undisclosed
SECONDARY BUILDING USE COMPLETION DATE
Retail Winter 2022
Sources: Neumann/Smith Architecture, The Detroit News, Detroit Free Press
DEVELOPMENTS UNDER CONSTRUCTION
RECENT LY COMPL ET ED
THE PENOBSCOT
645 Griswold Street
The Penobscot Building sits near Campus Martius Park and has
been a part of Detroit’s skyline for over 90 years. The building
features beautiful art deco design inside and out. This 47-story
structure serves as a landmark symbol for Detroit’s past,
present and promising future. New improvements have been
made to the building including modernization of the elevators,
replacement of over 1,000 windows, restoration of LED orbs,
upgrade of HVAC units to be tenant controlled, installation
of new water pumps, an overhaul of the fire alarm system,
upgrades to the steam system, and restoration of marble floors
in the lobbies and the exterior of the building. The Penobscot
Building features both traditional and contemporary office
spaces, with small executive suites on full floors ranging from
13,000 to 30,000 square feet.
DEVELOPER DOLLARS INVESTED
Triple Properties $6 million
PRIMARY BUILDING USE SOURCES OF FINANCING
Office Owner financed
SECONDARY BUILDING USE COMPLETION DATE
Retail 2022
Source: P.A. Commercial: Corporate and Investment Real Estate
HUDSON’S BUILDING AND TOWER | BOOK TOWER RENDERING | RESIDENCES @ 150 BAGLEY
16 17
UNDER C O N S T R U C T I ON
BOOK TOWER U N D ER C ON STR U C TION
1265 Washington Boulevard BRUSH WATSON
The Book Building and Tower (the Book Tower), one of the most Brush and Watson Streets
iconic skyscrapers in Detroit, is currently undergoing one of the
This 60,000-square-foot mixed-income development will
most significant historic restoration projects ever undertaken in the
have 308 residential units in three buildings. About half of the
city. Originally constructed in 1917—with the addition of a tower
units will be affordable housing, with rent starting at $500 a
in 1927—the art deco building had sat vacant for decades prior to
month, after the project was awarded roughly $3.8 million in
being purchased by Bedrock in 2015. The building is being expertly
the low-income housing tax credit (LIHTC). The site features
revitalized by a mix of local and national partners, including design
a beautiful outdoor rooftop terrace, which is located on the
architect ODA Architecture and Christman Brinker construction and
southwest corner of the Brush Building. The Sky Lounge on
general contractor. The restoration is set to be complete in late 2022
the 10th floor of the Mid-Block offers sweeping views of the
and will feature ROOST Book Tower, a high-design, extended-stay
rapidly changing neighborhood and cityscape.
hospitality concept as well as an additional 229 residential units,
85,000 square feet of retail and office space, two restaurants, a hotel
DEVELOPER SOURCES OF FINANCING
lobby bar and lounge, a bread and pastry bakery and a rooftop event
American Community Bank financing, owner equity,
space with sweeping views of the city. Developers Low-Income Housing Tax
PRIMARY BUILDING USE Credit (LIHTC)
DEVELOPER DOLLARS INVESTED Residential PROJECTED COMPLETION
Bedrock Undisclosed DATE
DOLLARS INVESTED
SOURCES OF FINANCING
2023
PRIMARY BUILDING USE $60 million
Undisclosed
Mixed-Use, Residential
PROJECTED COMPLETION DATE Sources: Oombra Architects, Detroit Free Press
December 2022
Source: Bedrock
The following key development
is within the Book Building project.
U N D ER C ON STR U C TION
U NDER CONS T RU CT ION
CAMBRIA DETROIT
ROOST 600 West Lafayette Boulevard
BOOK TOWER Renovations of the historic Albert Kahn building will add
to the City’s landscape a 154-room hotel with ballrooms,
meeting space, dining and entertainment venues. Located at
1265 Washington Boulevard 600 West Lafayette, the building is a classic example of mid-
ROOST Book Tower, opening in Bedrock’s Book Tower 20th century art deco architecture. Built in 1936, the Cambria
redevelopment, will include 118 spacious studio, one Detroit lobby was adapted within the existing structure and
and-two-bedroom apartments equipped with full- incorporates a sky bridge. Additional features include an
sized kitchens and modern appliances in a beautifully attached parking structure, 18,000 square feet of modern
designed space, featuring contemporary furnishings, event space, rooftop bar, 154 premium guest rooms and retail
antique elements, custom lighting, and unique artwork. space. The site is located within walking distance of Campus
Amenities include a coffee concierge and in-apartment Martius Park, Detroit Riverfront and Huntington Place.
artisanal coffee program with La Colombe, bike share
program, 24-hour concierge desk, fitness center, DEVELOPER SOURCES OF FINANCING
co-working space and on-site housekeeping and Joseph Caradonna, Bank financing
maintenance services. Koucar Management and owner equity
PRIMARY BUILDING USE PROJECTED COMPLETION
Hospitality DATE
DEVELOPER SIZE
2022
Bedrock 119,268 sq. ft. DOLLARS INVESTED
PROJECTED COMPLETION $60 million
PRIMARY BUILDING USE DATE
Hospitality 2023 Source: Means Group
Source: Bedrock
18 19UNDER C O N S T R U C T I O N
U N D ER C ON STR U C TION
CITY MODERN
Brush Park Neighborhood
GODFREY HOTEL
1401 Michigan Avenue
At the intersection of Downtown and Midtown, this
development unites Brush Park’s historic lineage with A new 227-room hotel is planned for 1401 Michigan Avenue
the thoughtful integration of modern design and urban in Detroit’s Corktown neighborhood. The building that once
living. City Modern will offer options for individuals housed administrative offices for the Detroit Lions and then
and families of all sizes, including flats, carriage homes, the City Cab Co. will be demolished to make way for the new
townhomes and historic homes. City Modern is the boutique hotel. Construction could start October 2022 and
culmination of five accomplished architecture firms will include a restaurant, bar, ballroom and rooftop café. This
that will renovate four existing Victorian mansions location will make it the fifth Godfrey Hotel in the nation, joining
and design 20 residential buildings, 17 of which are locations in Chicago, Boston, Hollywood and Tampa. The
complete. City Modern will support the needs of Godfrey Hotel will create a welcoming and vibrant hospitality
existing and future residents of Brush Park with 27,000 experience for guests, a neighborhood appropriate design that
square feet of ground-level space for retail, commercial will be valued and well regarded and an economically viable
or restaurant use. and sustainable development for the city and its residents over
the lifespan of the hotel.
DEVELOPER DOLLARS INVESTED
Brush Park Community Undisclosed DEVELOPERS DOLLARS INVESTED
Development Company Oxford Capitol Group, Hunter $96 million
SOURCES OF FINANCING
Phase 1, Bedrock and Pasteur Homes, Nathan Forbes SOURCES OF FINANCING
Undisclosed
Hunter Pasteur Homes (Forbes Co.) Brownfield tax credits
PROJECTED
PRIMARY BUILDING USE COMPLETION DATE PRIMARY BUILDING USE PROJECTED COMPLETION DATE
Residential To be announced Hotel/Hospitality Undisclosed
SECONDARY BUILDING USE
Retail Source: Detroit Free Press
Source: Bedrock
U N D ER C ON STR U C TION
U NDER CONS T RU CT ION
EXCHANGE HUDSON’S BUILDING
310 Gratiot Avenue AND TOWER
Exchange will offer a new neighborhood environment within 1208 Woodward Avenue
the eastern portion of the Central Business District with high-
Strategically located on the site of the former Hudson’s Department Store,
rise residential units – 153 rentable apartments and 12 for sale
and just steps from Campus Martius Park, the development will restore the
condominium residences. Units within Exchange will provide
grandeur to Woodward Avenue’s 1200 block. Plans include 1.5 million square
impressive views of the city, the Detroit River and the sports and
feet of office, retail, food and beverage space, hotel, residential, event and
entertainment district. In-demand residential amenities include:
meeting space, parking and activated open spaces. At 685 feet tall, the tower
24/7 valet, exclusive fitness center, outdoor rooftop terrace with
will provide unique city views at every level. An indoor-outdoor space for
Downtown views, luxury, high-end appliances, elevated finishes
activations will anchor the ground-floor retail. A new plaza between the two
and smart, touch-free living throughout the building. Respecting
buildings will cut through the center of the development, creating an additional
the neighborhood’s unique culture and history, Exchange offers
welcoming and central destination for Downtown Detroit. Progressively
accessible, street-level interaction with Randolph Plaza, mobility
designed office spaces, dramatic event venues, state-of-the-art residences and
and parking and conveys a distinct neighborhood experience.
a gleaming hotel will be joined together at an unbeatable location.
With a Walk Score® of 96 out of 100, Exchange is a quick walk to
the QLINE’s Campus Martius Park stop and the People Mover’s
SIZE PROJECTIONS
Greektown stop, along with several nearby parks.
Total Size: 1.5 million sq. ft. Residential: 100-120 units
Tower: 49 stories/ 685 ft. tall Events and Meetings: 127,000 sq. ft.
DEVELOPER SOURCES OF FINANCING
Office: 408,000 sq. ft. Activated Plaza: 21,000 sq. ft.
Exchange Detroit LLC Brownfield Tax Increment
Financing, PACE Financing, Hospitality Keys: 227 rooms
PRIMARY BUILDING USE
Residential commercial bank financing,
private financing DEVELOPER DOLLARS INVESTED PROJECTED
SECONDARY BUILDING USE COMPLETION DATE
PROJECTED COMPLETION DATE Bedrock $1.4 billion
Retail/Commercial 2024
March 2023 PRIMARY BUILDING USE SOURCES OF FINANCING
DOLLARS INVESTED
Office, Hospitality, Undisclosed
$64.6 million
Residential
Source: Exchange Detroit LLC Source: Bedrock
20 21UND E R C O NS T RU CT ION U N D ER C ON STR U C TION
ISAAC AGREE LAFAYETTE WEST
DOWNTOWN SYNAGOGUE 1401 Rivard Street
The five-acre community of seven residential buildings is in
1457 Griswold Street the heart of historic Lafayette Park neighborhood, near the
The Isaac Agree Downtown Synagogue (IADS) is celebrating its centennial highly-regarded development designed by world-renowned
with a comprehensive building renovation. The synagogue, which has always architect Ludwig Mies van der Rohe. The project includes
been Downtown, has a reputation for being a welcoming, egalitarian and three condominium buildings with 88 units, three apartment
multigenerational Jewish community that is committed to supporting the buildings with 230 units and an extensive clubhouse
revitalization of the City of Detroit. Through this renovation, IADS plans to with a pool and an outdoor recreation area. Professional
become a hub for Jewish life in Detroit for the next 100 years. Phase 1 includes interiors designed by Parini are clean and modern with
major updates to all five floors of the building, trading brick for floor-to-ceiling appearances consistent with Mies designs. The Lafayette
glass windows on the front facade and adding a Jewish co-working space on West development site has been designed as an extension
upper levels. Phase 2 will include adding a roof deck. The Downtown Synagogue of Lafayette Park with additional green space, walking paths
will be home to a broad range of community members seeking educational, and extensive landscaping. Construction began in the Fall
social and spiritual fulfillment. The renovation will create an inspirational worship of 2022 with the initial completion of phase one planned
space and a welcoming place for communal collaboration. for Spring of 2023, and the entire project December 2024.
DEVELOPER SOURCES OF FINANCING DEVELOPER SOURCES OF FINANCING
Isaac Agree Downtown Synagogue More than 250 unique individual donors Mark J. Bennett, Ownership Bank construction loan, PACE
PRIMARY BUILDING USE and local foundations including William Representative, Lafayette financing, brownfield/Tax
Office/Event Space Davidson Foundation, D. Dan and Betty Acquisition Partners, LLC Increment Financing (TIF)
Kahn Foundation, The Jewish Fund, PRIMARY BUILDING USE PROJECTED COMPLETION DATE
SECONDARY BUILDING USE Max and Marjorie Fisher Foundation,
Worship/Community Space Residential December 2024
Gilbert Family Foundation and others
DOLLARS INVESTED DOLLARS INVESTED
PROJECTED COMPLETION DATE
$5.5 million $133 million
February 2023
Sources: The Forward, The Jewish News Sources: Lafayette Acquisition Partners, LLC, Detroit Free Press
UNDER C O N S T R U C T I ON
THE JOE U N D ER C ON STR U C TION
900 West Jefferson
The Joe Louis Parking Deck (The Joe) is an iconic structure that
has been part of Detroit’s landscape since its construction in
THE LOUIS
the 1980s. The 3,000-square-foot structure is the third-largest
600 Civic Center Drive
parking deck in Downtown Detroit. Purchased in March 2021, The planned 25-story apartment tower called The Louis is
Foster Financial has plans to update the deck from a parking located on the former Joe Louis Arena site. The Sterling
structure to a Mobility Hub for the City of Detroit. These updates Group has plans for the 290-foot-tall project to have 500
include structural repairs, Flash parking system, new LED lights, studio and one-bedroom residential units. The site is
public art installation, electric car charging ports, on-site MoGo conveniently located steps from the Detroit Riverwalk,
stations, dry cleaning drop-off and pick up and scooter rentals. As making the site perfect for those who want to experience
a low-cost provider strategically connected to Huntington Place, all the riverfront has to offer, and is just west of the
The Joe already offers a solution for large Detroit employers Renaissance Center.
looking to save money on their monthly parking charges. The
first five of the eight levels in the building have been completed, DEVELOPER SOURCES OF FINANCING
with 2,000 parking spaces available right now. The Sterling Group Undisclosed
PRIMARY BUILDING USE PROJECTED
Residential COMPLETION DATE
DEVELOPER SOURCES OF FINANCING
Spring 2024
Foster Financial/Tribus Private resources DOLLARS INVESTED
PRIMARY BUILDING USE PROJECTED COMPLETION DATE $40.3 million
Parking Fall 2023
Sources: Detroit Free Press, The Detroit News
DOLLARS INVESTED
$15-$20 million
Source: Foster Financial
22 23LIFFOR D
D
MI FIS HE R SER
CH VIC E DR IVE D R IV
E
I-7 5
R
IG IC E
O
AN ERV
ER S
N
14T H
16T H
AV
F IS H
ER
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17T H
TRU MBU LL
WA BAS H
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G
MICHIGAN
RA
Ballpark U N D ER C ON STR U C TION MO NTC ALM
N
WOODWARD
D
RI
The
R
Fox
O
VE
PAR K
N
Factory CO LUM BIA
BAGLEY
WITH EREL L
ER
R
DA LZE LLE PLUM Theatre
Michigan Central
V
Developments Detroit COLU MBIA
CENTRAL
The (see inset map below) PLU M
Center for Comerica
Book
15T H
Park
VER MO NT
Innovation
Station Depository
MOBILITY HUB
ELIZA BETH
11T H
P ELIZ ABE TH
MGM ELIZA BETH G
Grand
ROS A PAR KS
CAS S
MI Casino Q ADAM S
3RD
MA RA NT ET CHU RCH CH
2N D
TE
2155 Bagley Street
IG
N
AN
P
EW
2001 15th Street
6TH
Grand
A
R.
RK
G BEE CH Circus
HN
Beacon Park MA
Located at the corner Park of Bagley and S 14th Streets, the newly
17T H
JO
DI
LEVE RETT E SO
N
The Michigan Central Innovation District and Ford Motor Company are PLA ZA
built, six-story structure called Bagley Mobility Hub provides
8TH
10TH
A
1ST
building a world-leading community, focused on building solutions and skills at parking and amenities to support GL
EY
B A workers of Michigan Central as
16T H
BAG LEY
BAGL EY C
the intersection of mobility and society. It is an inclusive, vibrant and walkable well as serving
BAG LEY the community. This ultramodern, tech-enabled,
EN
TR F
Bagley
CL
IFF E
BR
OR
30 acres anchored by the iconic Michigan Central Station, with hands-on, tech-
O
D
M-10
Mobility 24/7 secure mobility center offers mobility solutions including
AD
I
W
ER
O LD
enabled innovation labs and workspaces, testing infrastructure, restaurants, C
AY
Hub
IV
BROO KLYN
1,252 parking spaces for workers and the public, e-bike andA N D R
SQ
LAB ROS SE
G R IS W
retail, event and exhibition space, public art, indoor/outdoor collaborative R
ES
electric chargingBAstations and an autonomous F
G
B
e-scooter stations,
TIM
CORKTOWN
ON
M IC C
space and open plazas. It will connect with the surrounding neighborhoods HI
GT
GA
WO ODW ARD
vehicle testingN area. In addition, the facility is designed as a D
IN
SH
POR TER
and the City through improved gateways and preserve the history of the area community-facing resource with streetscape enhancements,
WA
H
ST C OT
with a mix of old and new. But it is much more than just a physical place. ABB OTT
public art, ground floor retail and new
AT
E Capitol
Park public amenities,G
RA
TI
It is a unique network of innovative companies, entrepreneurs, academics, ABB OTT
including restrooms, free Wi-Fi, two outdoorA plazas and shaded
BY
TRU MBU LL
EL
community members and public- and private-sector partners working together
SH
HOW ARD seating areas. Bagley Mobility Hub will serve as a gateway and E
to enable real-world adoption of solutions that address societal challenges. D
RANDOLPH
O
HOW ARD NR
shared resource for users of Southwest Greenway, which Mis O
FA
D
6TH
RM
being constructed by the Detroit Riverfront Conservancy Campus to link
ER
GR IS W
W. LAFAYETT E Martius
BROO KLYN
Within the Michigan Central DEVELOPER SOURCES OF the new Awest riverfront Ralph C. Wilson, Jr. Centennial Park Park to
ROS A PAR KS
WASH INGT ON
LAFAYETT E
CASS
FINANCING
O LD
1ST
Michigan Central
project are the four following
3RD
Michigan Station.
5TH
Cadillac
Innovation Undisclosed Square
key buildings:
10TH
W. FORT
H
District LLC, Ford PROJECTED A Woodward
S
TE
A
PRIMARY BUILDING USE Esplanade
COMPLETION
BA
W. FORT
WOO DWA RD
The Station Motor Company B
DATE Parking, micro-mobility stations, retail W. CON GRE SS
RAND OLPH
8TH
Bagley Mobility Hub DOLLARS Fall 2023
INVESTED SIZE
Book Depository Undisclosed J Six floors and space for 1,252 parking spaces
The Factory (complete) JEFFERSON W. LAR NED
PROJECTED COMPLETION DATE Spirit Plaza
Fall 2022 J
E
Source: Michigan Central M- 10 JEF FER SON
Huntington Center
BATE S
L
RENAI SSANC E
Hart Plaza
ST EV E YZ
ER MA N DR
U NDER CONS T RU CT ION
U N D ER C ON STR U C TION
THE STATION
2001 15th Street BOOK DEPOSITORY
Michigan Central Station was once the gateway 2050 15th Street
to the Motor City and was considered to be one Designed by Albert Kahn in the 1930s as Detroit’s main post
of the grandest railway stops in the United States. office, the building got its name as the Book Depository when
It was last used by Amtrak in 1988 and sat vacant it was used to store books for Detroit Public Schools. It closed
until its acquisition by Ford Motor Company in in 1987 due to a large fire and was abandoned until 2018 when
2018. No other building better symbolizes the it was purchased by Ford Motor Company along with several
past, present and future of Detroit, from the city’s nearby buildings. Now, The Book Depository (located on 2050
past glory, to its grit and resurgence to its role 15th Street) is Michigan Central’s engine of innovation. The
in the history and future of mobility. The Station Kahn-designed building is being transformed into a hub of
will be an iconic, mixed-use hub for Michigan innovative commercial activity with maker, and research and
Central, Detroit, the region and the world. The development spaces, housing approximately 1,000 innovators
grand waiting room, arcade and concourse will and entrepreneurs who will be fully supported with everything
be welcoming public spaces for all to enjoy while they need to create the solutions of the future, from prototyping
the tower will be transformed into modern offices. shops to event and exhibition spaces.
Features include community and event spaces,
public art, ongoing programming, activations,
PRIMARY BUILDING USE
restaurants and retailers. Collaboration space and offices, maker labs, exhibits and events
SIZE
PRIMARY BUILDING USE 260,000 sq. ft.
Office, retail, hospitality, community spaces
PROJECTED COMPLETION DATE
SIZE Winter 2022
640,000 sq. ft.
PROJECTED COMPLETION DATE
Summer/Fall 2023
24 25UNDER C O N S T R U C T I O N U N D ER C ON STR U C TION
MICHIGAN AND CHURCH ST POPE FRANCIS CENTER
1600 Michigan Avenue, 1501 and 1610 Church Street BRIDGE HOUSING CAMPUS
Across from the redeveloped site of Tiger Stadium, this project will include three
new buildings for residential and commercial use, including parking. At least 10
Lawton Street and Hancock Street
percent of the units will be categorized as affordable housing. The development The Pope Francis Center is taking steps to expand its reach to the those in
team plans to preserve an old sawmill that served lumberyards in Corktown dating need with a new Bridge Housing Campus, which broke ground in April 2022.
back to 1894 and was later transformed into the Red Arrow soda factory. Designed to complement the Pope Francis Center’s Downtown location,
the campus plan was developed based on research on the best models for
• 1600 Michigan Avenue: seven-story, 188-unit apartments ranging from 490 remedying homelessness in ten cities across the nation, which suggests the
square feet to 1,188 square feet with a mix of studio, one bedroom and most effective approach is “trauma-informed, intensive wrap-around support.”
two-bedroom units. The materiality, design and approach were all informed The Bridge Housing Campus will do just this by offering medical services,
through community feedback and the Corktown style and culture. The social support, mental health counseling, substance abuse treatment and job-
building will include ground floor retail space. readiness coaching. The goal for Campus guests is to transition to permanent
• 1610 Church Street: seven, three-story townhomes (each about 2,100 square supportive housing in 90-120 days. Permanent supportive housing includes a
feet) with rooftop terraces. place with affordable rent, access to center services and stable employment that
• 1501 Church Street: three-story parking structure with 216 spaces and ground- promotes financial stability.
floor retail.
DEVELOPER SOURCES OF FINANCING
Pope Francis Center Private donations and sponsors, including The Julia
DEVELOPERS DOLLARS INVESTED Burke Foundation, James D. Farley, Jr., J. Addison
PRIMARY
Oxford Capitol Group, Hunter Pasteur $100 million BUILDING USE Bartush & Marion M. Bartush Family Foundation, Piston
Homes, Nathan Forbes (Forbes Co.) SOURCES OF FINANCING Housing Group, Ford Motor Company, Society of Jesus, Pulte
PRIMARY BUILDING USE Brownfield tax credits, Michigan DOLLARS INVESTED
Family Charitable Foundation, General Motors, Magna
Residential Strategic Fund $26.5 million International, Lear Corporation
SECONDARY BUILDING USE PROJECTED COMPLETION DATE committed, PROJECTED COMPLETION DATE
Retail/Commercial TBA $8.5 million still Spring 2024
needed
Source: Hunter Pasteur Homes
Source: Pope Francis Center
U N D ER C ON STR U C TION
UND ER CONS T RU CT ION
THE RESIDENCES
PARK AVENUE BUILDING @ 150 BAGLEY
2001 Park Avenue
150 Bagley Street
One hundred years after its inception, and after decades of neglect, the
Park Avenue Building is being redeveloped. Construction started in July The United Artist Building, designed by C. Howard Crane, will be
of 2020 with plans to update the building into a mixed-use site to include transformed into a residential flagship in the walkable Downtown
residential, retail and commercial spaces. The 12-story, 115,000-square- neighborhood near Grand Circus Park. The Bagley Development
foot structure was designed by Albert Kahn, complete with a full Group plans to retain the historic character of the 18-story,
3,500-square-foot basement space with 10-foot ceilings. The exterior of 217,000-square-foot landmark, that includes 148 residential units,
the building requires a full rehab with the entire façade being completely 20 percent of which will be affordable housing. The Residences @
refinished. The development is anticipated to have 6,500 square feet of 150 Bagley will also include 10,500 square feet of retail on the first
first floor retail space and up to 4,000 square feet of lower-level retail floor and residents will have on-site dedicated parking with available
space. In addition, the site will include various residential floor plans valet options. The project is in the heart of Downtown, perfect for
including studio, one-, and two-bedroom apartments with 20 percent those who want to “Live, Work and Play” in Detroit. With convenient
designated for affordable housing. The property is in Downtown Detroit’s access to the QLINE, the project is minutes from familiar attractions
Central Business District, theatre, entertainment and stadium districts, just like Comerica Park, Little Caesars Arena, Ford Field and Fox Theatre,
west of Woodward and Adams avenues, across from Grand Circus Park. along with popular restaurants and shopping.
DEVELOPER DOLLARS INVESTED DEVELOPER SOURCES OF FINANCING
Infinity Homes & Co. $22 million Bagley Development Group Housing and Urban Development
PRIMARY BUILDING USE (HUD) 221(d) (4), Community
PRIMARY BUILDING USE SOURCES OF FINANCING Revitalization Program (CRP), block
Residential Undisclosed Residential
grants, historic tax credits, NEZ
SECONDARY BUILDING USE PROJECTED COMPLETION DATE SECONDARY BUILDING USE (Neighborhood Enterprise Zone)
Retail/Commercial Spring 2024 Retail and lender AFL-CIO Trust Fund
DOLLARS INVESTED PROJECTED COMPLETION DATE
Sources: Rino Soave, Crain’s Detroit Business $80 million May 2023
Source: Bagley Development Group
26 27PIPELIN E D EV ELOPM EN T
1133 GRISWOLD
1133 Griswold
This 20,570-square-foot building has been vacant
for decades. It is directly adjacent to several newly
renovated buildings in Capitol Park. The project
proposes a full renovation of the existing seven
floors and the addition of four new floors for a new
gross square footage total of 31,000. The bottom
three stories would be commercial, including a
ground floor restaurant or retail. The top nine stories
would consist of 25 apartments. This is one of the
last blighted structures left in the newly invigorated
Capitol Park district, and if realized, this project
would continue the momentum of the Capitol Park
district further south.
DEVELOPER POTENTIAL INVESTMENT
Karp + $13.6 million
Associates SOURCES OF FINANCING
PRIMARY Undisclosed
BUILDING USE
PROJECTED
Residential COMPLETION DATE
SECONDARY Undisclosed
BUILDING USE
Commercial
Source: Downtown Detroit Partnership
PIPELINE DEVELOPMENTS
PIPELIN E D EV ELOPM EN T
1300 BEAUBIEN
1300 Beaubien Street
Located in the City’s Greektown neighborhood, 1300
Beaubien is the former Detroit Police Department
Headquarters, a building designed by architect Albert Khan
in 1921. The building served the Detroit Police Department
from 1923 until 2013 when police and fire moved to its
new headquarters near the Lodge Freeway. A development
timeline has not yet been decided for the 240,000-square-
foot building. Bedrock purchased the building from the
City of Detroit in 2018. Sitting next to Greektown, the
building has tremendous potential. Though Bedrock has
not released any plans publicly, Crain’s Detroit Business
reports that Bedrock has considered building a boutique
hotel and conference center.
DEVELOPER SOURCES OF FINANCING
Bedrock Undisclosed
PRIMARY BUILDING USE PROJECTED
Undetermined COMPLETION DATE
Undisclosed
POTENTIAL INVESTMENT
Undisclosed
Sources: Bedrock, Crain’s Detroit Business, The Detroit News
BROADWAY LOFTS | HARVARD SQUARE CENTRE | 1300 BEAUBIEN
28 29PIPELIN E D EV ELOPM EN T
CODA BRUSH PARK
PIPEL INE DEVEL OPMENT
2827 John R Street
BROADWAY LOFTS Located north of Comerica Park, the Coda Brush Park project will include a
new, five-story, mixed-use development, and the rehabilitation of an obsolete,
1322, 1326 and 1336 Broadway Street single-story building. The development will include 15,000 square feet of
commercial space, 22,000 square feet of residential living and a 70-space
Located in Detroit’s Paradise Valley neighborhood and the
parking structure. It will also have brownfield eligible construction, including
Broadway Avenue Historic District, this project is set to break
demolition, site preparation, infrastructure improvements and environmental
ground in Spring 2023. Delayed due to the pandemic’s
studies. Coda Brush Park is expected to generate economic activity and help
impact on construction, the development will still include
meet the demand for housing, office and parking spaces and restaurants.
the renovation of three properties into one single, multi-
story building. The proposed nine-story building will total
DEVELOPER PRIMARY BUILDING USE SOURCES OF FINANCING
84,000 square feet and feature a mix of studio, one- and two- Michael van Residential/Commercial Detroit Brownfield
bedroom units, 20 percent of which will qualify as affordable Overbeke, Redevelopment Authority
POTENTIAL INVESTMENT
housing. Basco plans to have 75 residential units on the Brush Park $24.8 million PROJECTED COMPLETION
second through eighth floors, with the first floor being retail Properties, LLC DATE
or commercial space and the ninth floor being a common Fall 2023
Sources: City of Detroit and DBusiness
space for building residents.
DEVELOPER POTENTIAL INVESTMENT
Basco of Michigan, Inc. $22.8-$27.9 million
PIPELIN E D EV ELOPM EN T
PRIMARY BUILDING USE SOURCES OF FINANCING
Residential Undisclosed
SECONDARY BUILDING USE
Retail/Commercial
PROJECTED COMPLETION DATE
Spring 2025
HARVARD SQUARE CENTRE
1346 Broadway Street
Source: Basco of Michigan, Inc.
This building, a part of the Broadway Avenue Historic District, was designed
by architect George Mason and built in 1925. Bedrock purchased the 58,000
square-foot structure, which is in severe disrepair, in 2017. This project was
recently awarded a grant from the State to renovate the building to create 34
residential units on the upper eight floors atop three levels of retail space. The
project will completely rehabilitate the historic building, including environmental
remediation; façade restoration; historically-accurate window replacement;
PI PELIN E D E V E L O P M ENT replacement of all mechanical, electrical and plumbing systems; and interior
demolition and buildout.
THE CASS HENRY DEVELOPER POTENTIAL INVESTMENT PROJECTED
STREET PROJECT Bedrock $43 million COMPLETION DATE
Undisclosed
PRIMARY BUILDING USE SOURCES OF FINANCING
Mixed-Use Undisclosed
359, 427, 439, 447 & 489 Henry
2447 & 2467 Cass Source: Bedrock
Olympia Development of Michigan and Cinnaire Solutions are jointly
pursuing the revitalization of seven, 1920s-era historic buildings on a
single city block bounded by Henry Street, Cass Avenue, 2nd Street
and the I-75 Service Drive. The entire project is within the local Cass- PIPELIN E D EV ELOPM EN T
Henry Historic District. This restoration will create 170 new residential
units with 84 set aside as affordable units ranging from 30-60% Area
Median Income (AMI). The redevelopment keeps rent protection for
HASTINGS PLACE
the existing residents at or near their current rates. This redevelopment 1468-1496 Randolph Street
will help to energize the local economy and support the City of Detroit’s The plan for five projects is moving forward to revitalize the city’s Paradise
neighborhood revitalization strategy, while providing green spaces and Valley District. Hastings Place is the largest of the five and will be led by
the creation of construction and permanent jobs for Detroiters. Paradise Valley Real Estate Holdings II LLC. The development is located on
surface lots at 1468-1496 Randolph Avenue and is expected to include 90
DEVELOPER POTENTIAL INVESTMENT luxury apartments, with 20 percent set aside as affordable with below-market
Olympia Development $70.5 million
rents, 12,620 square feet of first-floor retail space, 17,800 square feet of Class
of Michigan and Cinnaire SOURCES OF FINANCING
Solutions A office space and a new, five-floor parking deck with 150 spaces.
Private funds, Low Income Housing Tax
PRIMARY BUILDING USE Credit (LIHTC), HOME funds and Community
Residential Development Block Grant funds DEVELOPER POTENTIAL INVESTMENT PROJECTED
Hiram Jackson Undisclosed COMPLETION DATE
SECONDARY BUILDING USE PROJECTED COMPLETION DATE Late 2022
Community Space December 2025 PRIMARY BUILDING USE SOURCES OF FINANCING
or early 2023
Residential Undisclosed
Source: Olympia Development of Michigan, Detroit Free Press
Sources: Crain’s Detroit Business, Detroit Free Press
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