Wayne State approves $60M retail-residential complex for Midtown
November 23, 2013 by admin · Leave a Comment
- Kim Kozlowski
- The Detroit News
A $60 million, nine-story apartment, retail, hotel and conference center is planned to be erected soon in the heart of Midtown. The Wayne State University Board of Governors on Friday approved a memorandum of understanding and a long-term lease with Broder & Sachse Real Estate Services to develop a 1.5-acre site at the northeast corner of Cass and Canfield. Renderings of the project are shown here. (Broder & Sachse)
Detroit— A $60 million apartment, retail, hotel and conference center is slated for Midtown following approval Friday by the Wayne State University Board of Governors.
The board approved a memorandum of understanding and long-term lease with Broder & Sachse Real Estate Services, which will develop the 1.5-acre site at Cass and Canfield that is now a parking lot.
The project is proposed to include 248 apartments, 19,000 square feet of retail space, a hotel with up to 120 rooms and a conference center with capacity for 300 people.
“In addition to providing much-needed housing and hotel and conference facilities, this project will enhance the connection between our main campus and our medical campus, as well as further promote Midtown as a walkable and bikeable neighborhood,” said WSU President M. Roy Wilson. “Wayne State remains committed to being a leader and catalyst for economic growth in Detroit.”
Construction is expected to start late next fall, with completion by 2016.
The complex is expected to be near the car-sharing service Zipcar and a proposed M-1 light rail stop.
kkozlowski@detroitnews.com
(313) 222-2024
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- The Wayne State project builds upon the residential and commercial development in the South University Village District, near the Whitney restaurant. The proposal includes 248 apartments, 19,000 square feet of retail space, a hotel with up to 120 rooms and a conference center with capacity for 300 people. This rendering shows a rooftop swimmimg pool. (Broder & Sachse)
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- Midtown’s occupancy rate exceeds 95 percent, according to studies that have indicated a growing demand for housing in the neighborhood. This rendering shows a lobby area. (Broder & Sachse)
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- A rendering of the exterior of the complex. (Broder & Sachse)
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- The interior of an apartment. (Broder & Sachse)
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- A rendering of a courtyard area. (Broder & Sachse)
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