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Old Posted Jan 22, 2019, 9:42 PM
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DetroitSky DetroitSky is offline
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Join Date: Aug 2006
Location: Detroit
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Historic Midtown Detroit school pegged for $21 million transformation into 'creative office space'

A historic school building in Detroit's Midtown is pegged for a $21 million redevelopment into a "business ecosystem" for entrepreneurs, startups, artists and residents.

Denver-based developer Q Factor is planning to transform the 103,000-square-foot Thomas Jefferson Intermediate School into creative office space, it announced Tuesday. The company is partnering with Invest Detroit and planning and development nonprofit Midtown Detroit Inc. on the project.

Food hall, co-working space set for colorful Milwaukee Junction building in $16 million project

Construction on the $16 million project to redevelop the building sometimes referred to as the Bleeding Rainbow building, is expected to be done by the end of the year, according to a news release by Detroit-based developer The Platform LLC, which is active in Detroit neighborhoods and along the Grand Boulevard corridor.

The first two floors of the 1913 building at 2937 E. Grand Blvd., which is being rebranded as Chroma, will get a public market by West Palm Beach, Fla.-based Grandview Public Market, which "will feature 14 chef driven concepts, most of which are locally owned," the news release says. A full bar with beer, wine and cocktails is also planned as part of the project.

Pittsburgh-based Beauty Shoppe will offer 15,000 square feet of co-working space on the seventh and eighth floors, its first effort in Michigan. Akin to WeWork, Bamboo Detroit and others, Beauty Shoppe will offer amenities such as dedicated desks and private offices on a month-to-month membership structure.

Detroit officials: 90 percent of neighborhoods saw increased home values in 2018

Detroit — Residential property values in 2018 rose in more than 90 percent of Detroit’s 194 neighborhoods, Mayor Mike Duggan announced Tuesday, saying it's a sign that revitalization efforts are impacting more areas of the city.

The average increase in residential value citywide was 12 percent, with several neighborhoods seeing gains of more than 20 percent, according to data released Tuesday by the City Assessor’s Office as part of its annual proposed property assessment changes.

Hopes rise for Packard site 20 years after police standoff

"The cleanup of the interior of administration building continued this summer," van der Velde said. "In 2019, we’re planning on doing roof repairs."

While the administration building is expected to be occupied by 2020, the entire development could take as long as 15 years, van der Velde said.

^2020 seems a little fast. I guess we'll see.
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