District Detroit is expanding with a multi-million development with a proposed mixed-income, mixed-use development in the city of Detroit.
On Monday, a few of Detroit’s elected officials rallied at the Spirit of Detroit against a potential tax break affecting the District Detroit, WDIV reported.
Outside of city hall at the Spirit of Detroit, Congresswoman Rashida Talib and opponents of the proposed District Detroit Olympia tax relief expressed their concerns. Both the Illitch family and city authorities were targets of their rage, according to the article.
According to the mayor, District Detroit will invest $1.5 billion to create 10 new structures, creating 12,000 new construction jobs and 6,000 new permanent employment.
District Detroit, tucked between downtown and Midtown, is an ever-evolving and expanding landscape that stakeholders can’t help but get behind to benefit impacted residents and businesses alike in a new multimillion development on the horizon. District Detroit has just 50 blocks, six theaters, five neighborhoods, and four sports teams.
To the south of Cass Corridor in the city, The District is at it again as the entertainment and sports district looks to expand its offerings through a $1.5 billion multi-building development by Related Companies, Olympia Development of Michigan (ODM), and the City of Detroit. The District is bordered by Martin Luther King Boulevard, Brush Street, E. Jefferson, and Trumbull.
Global real estate and lifestyle company Related Companies.
The entities recently announced plans underway starting with a Community Benefits Ordinance (CBO) process for the proposed mixed-use development entailing plans to build new spaces housing retail, affordable residential housing, an office, and more public spaces across 10 properties in The District, according to a press release. The housing would entail
695 mixed-income residential units – 20 percent of which are reserved as affordable housing at 50 percent of the area median income (AMI) and below, according to The District’s website, districtdetroit.com.
“Detroit’s future is incredibly promising and Related is committed to harnessing the potential of the DCI to drive inclusive economic growth,” said Andrew Cantor, president of Related Michigan in a press release. “These projects are important pieces of the puzzle that will help create world-class spaces for the people of this city and we look forward to continuing to work hand in hand with members of the community to realize this shared vision.”
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