Detroit

April 29, 2016 Comments Off on Development OK’d for Former Detroit Store Site Views: 282 California News, Michigan, Midwest, National News

Development OK’d for Former Detroit Store Site

Detroit’s Downtown Development Authority tentatively approved a mixed-use development on the site of the former J.L. Hudson Co. department store. The two-acre parcel in downtown Detroit is owned by billionaire Dan Gilbert.

The new building would include 225,000 square feet of commercial, retail and community gathering space. The project would also offer 250 apartments. Construction could begin as early as April 2017, and conclude by spring 2020.

The DDDA’s approval means an affiliate of Gilbert can acquire the city-owned parking garage on site for $15 million, which would pave the way for construction. The two-acre land transfer is subject to approval by the Detroit city council, and the financial review commission set up to monitor the city’s finances following its bankruptcy.

Read More at Detroit Free Press

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