The project still needs to find market rate financing, but the developers are hopeful. They believe that construction will begin in 2011.
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.
3 comments:
Good news. I look forward to reading all of your blog posts
Hello,
I’m working at a Swiss production company which has already shot a feature film last year in California (US) and Japan.
We are now planning to make a feature documentary about Detroit (US) and Toyota City (Japan). According to me, what makes Detroit and Toyota City so unique is their historical relationship with the car industry. They are twin cities for this specific reason.
We would like to focus on the way the two cities are facing the car industry crisis, the impact on the local population and how they try to overcome it. In short : what could embody the revival of Detroit today?
It could be a story of a successful person, or a charismatic politician / music star / cinema star..., or a new hype district, or a flourishing Mexican restaurant, or the development of new kinds of craft / arts. Anything!
I remain available for any further details.
Best,
Antoine
This is really a good news. Can't wait to see and read the next updates.
Deirdre G
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