Redevelopment Projects To Bring New Residential And Retail To Detroit
By Edward Cardenas
DETROIT (CBS Detroit) - State and local agencies Tuesday granted approval to redevelopment projects which will bring a variety of mixed-use developments to the city of Detroit.
The Economic Development Corporation of Detroit approved Rickman Enterprise Group, Detroit, to provide remediation services for the Orleans Landing development project at Franklin and Orleans.
The Michigan Department of Environmental Quality provided a $1 million remediation grant to perform the remediation of the five-block area in the east riverfront area.
Work is expected to begin in September on the $61 million project, with developers expecting to build 210 one-bedroom units, 46 two-bedroom units and 34 two-bedroom townhouses, with some retail space.
"The EDC is remediating the site in support of a project that is an important, catalyzing development for the east riverfront," said Will Tamminga, DEGC director of project management, in a release.
The project will be built next to to the soon-to-be open Michigan Department of Natural Resources Outdoor Adventure & Discovery Center. This is part of continued redevelopment of the RiverWalk, Dequindre Cut and Dequindre Trail in the area.
It also received approval of local and school tax capture of nearly $6.5 million in local and school tax capture from the City of Detroit Brownfield Redevelopment Authority. The Michigan Strategic Fund also approved $7.61 million in Michigan Community Revitalization Program performance-based equity support for the project and re-authorized a Brownfield Michigan Business Tax Credit in the amount of $6,983,874.
Other projects in Detroit that received approval from the Michigan Economic Development Corporation, according to a release, include:
- The City of Detroit Brownfield Redevelopment Authority will use local and school tax capture in the amount of $4,759,351 for the redevelopment of property located on East Lafayette Street for 185 apartments and a fitness center. The project is expected to generate nearly $38.5 million in total capital investment.
- The City of Detroit Brownfield Redevelopment Authority also will use local and school tax capture of $949,562 for the redevelopment of property on McGraw Street in Detroit. The project will include the construction of a warehouse and office building for use by Comprehensive Logistics Co., and will generate approximately $19.1 million in total capital investment.
- El Moore Greens is the third project approved by the City of Detroit Brownfield Redevelopment Authority, which received approval of local and school tax capture in the amount of $762,960 for the redevelopment of property located at West Alexandrine and Second Avenue in Detroit. The site includes the historic El Moore apartments, which will be renovated into 23 residential units. The surrounding property will be built out with greenhouses, urban agriculture infrastructure, a community green space and a four-season retail building for the sale of locally produced goods and food products. The project is expected to generate a total capital investment of $6.9 million.
