The project still needs to find market rate financing, but the developers are hopeful. They believe that construction will begin in 2011.
Showing posts with label Detroit Free Press Building. Show all posts
Showing posts with label Detroit Free Press Building. Show all posts
Wednesday, June 16, 2010
Plan To Turn Free Press Building Into Condos Revived
It looks like Detroit Paper Place 2.0. is finally, slowly, moving forward. The Detroit Brownfield Redevelopment Authority approved incentive financing on a $70 million plan to turn the vacant Free Press building into residential apartments, office and retail space, as well as a health club on the upper floor.
The project still needs to find market rate financing, but the developers are hopeful. They believe that construction will begin in 2011.
The project still needs to find market rate financing, but the developers are hopeful. They believe that construction will begin in 2011.
