M-1 RAIL NEWS

New Development Coming to New Center Neighborhood

Posted: 10/07/16

20161005_163533For the first time in nearly 30 years, there is a new build apartment and retail development coming to the New Center area. At the site where 60 years ago his father-in-law Max M. Fisher broke ground  for the Howard Johnson Motor Lodge helping to provide needed hotel space for a thriving city, home grown developer, Peter Cummings and his team at The Platform ushered in a new era for the historic New Center neighborhood. The Third and Grand project, will bring 231 units of rental housing to a market where it is vitally needed.

The $63 million-dollar project will stand six stories and will have a 330 space parking garage, 21,000 square feet of commercial space for a broad mix of retail on the northwest corner of West Grand Boulevard and Third Street.  Construction will start later this year with the 356,000 square foot space set to open in early 2018.  Appealing to   demand of its location on the northern edge of Wayne State University’s campus, 73% of the units will be studio and one-bedroom apartments.  Thanks to their partnership in working with the City of Detroit, 20% of the units will be set aside for affordable housing for residents whose income is 80% of the area median income of Detroit.

This project is part of The Platform’s diverse development plans for the City filling real estate gaps outside of the Greater Downtown district..  Committed to developing over 1,000 units of housing throughout the city their portfolio includes future mixed-use housing developments in the west side community of Fitzgerald-Schultz and the purchase last year of the iconic Fisher and Albert Khan buildings.  For more information on Third and Grand and to learn more about The Platform please visit www.theplatform.city.

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