Wayne State approves $60M retail-residential complex for Midtown

November 23, 2013 by · Leave a Comment 

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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