DETROIT (WWJ) – The growing Midtown Detroit area will be the home of a new $12 million, 56,000-square foot retail and residential development. The project was unveiled Wednesday and it will be located on the corner of Cass and Canfield.

It will include 58 residential units, and two retail spaces.

Midtown Detroit Inc. President Michelle Mosley said the retail space will be for locally owned businesses.

“We already have a lot of interest in this space. And, with all the small storefronts you’re seeing sort of pop up along Cass Avenue, this is going to be a really important connector block now,” Mosley said.

Brian Perrone, who owns Slows-to-Go two blocks away, said he thinks the development will be very good for all the businesses in the area.

“I think that’s huge. It will just help develop the neighborhood more and promote foot traffic in the area,” said Perrone. “I really, I mean I really do hope that it takes off. I don’t see why it wouldn’t,” he said.

The three-story project is slated for completion in the fall of 2012.