Sunday, January 06, 2008

HUGE Campus Martius News

The Mayor Kilpatrick is set to announce the details to a $150-million residential, retail and entertainment center for Downtown Detroit on Wednesday. The mixed use "Cadillac Centre" development will be built on the long vacant Monroe block at Campus Martius. Financing is lined up with ground breaking set for the fall of 2009.

The New York property firm Northern Group Inc. will build and own the property. The company already owns the Penobscot, the First National building and Cadillac Tower.

The plans call for 2 24 story apartment towers connected by a 12 story entertainment center containing a movie theater, restaurants, stores and a health club. The design will be cutting-edge. If the renderings are any indication, the curvy edged modernistic complex will be the most daring architecture the area has seen in decades. Detroit will either have a new signature building or be the butt of further jokes. Only time will tell.

Cadillac Centre Project Details:
  • 84 apartments,
  • 30,000-square-foot market
  • 100,000 + square feet of major retail space
  • 14,400 square-foot health club
  • 40,000-square-foot public park with water features,
  • 25,000 + square feet for boutiques and specialty shops
  • 800 parking spaces.

**UPDATE 10-3-08**

5 comments:

Sandy said...

Is that idiot of a Mayor nuts?! There are people leaving MI in DROVES and he's building a new residential area? What is that moron thinking?! I'm sorry, but there are thousands of people who have lost their homes because they no JOBS. Who does he think is going to populate this residential spot?

Anonymous said...

Sandy, the mayor is not building this: http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/01-06-2008/0004731011&EDATE=

Sandy said...

Ah, sorry. I sort of just blew buy Northern Group, Inc. But still, who does the developer think will live in that development? Do they have a waiting list? Don't get me wrong, I would love to see Downtown healthy again, but I just can't imagine that there are that many people who can afford to live in a place like that.

Anonymous said...

...If you build it, they will come. Though, some added Office buildings, preferably full of businesses would definately do the trick.

Keshia said...

Tons of people are moving downtown. Don't forget about the young professionals, many of whom work downtown.

Lots of us are looking for our first condos or a nice apt close to the job. The Book-Cadillac condos were almost sold out before ground broke.