Not really new news, but a reiteration that the Joe site will be highrises.
Quote:
Daniel Mears | Detroit News
Vision for Joe Louis site includes high-rises, retail
By Nicquel Terry | The Detroit News
October 12, 2017
Detroit — High-rise apartments with views of Windsor’s skyline. Restaurants overlooking the Detroit River. A promenade that connects new development with the western riverfront.
It’s all part of a vision mapped out by city stakeholders for the nearly vacant Joe Louis Arena that is expected to be demolished soon.
The arena closed this year when the Detroit Red Wings moved to their new home at Little Caesars Arena.
By most accounts, the 5-acre property is prime real estate for new development that connects the area to downtown and the riverfront.
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The only other news was that demolition was to start on the Joe last month, but Olympia Entertainment has its headquarters here and extended the lease and expect to move out nex month. Financial Guaranty Insurance Co., a major creditor of the city, will get the site once demolition is completed, which was something agreed to during the bankruptcy.
Anyway, one thing we do know from the agreement is that while these will be highrises, developers can not build over 30 stories at the site, which I imagine is to protect some river views since the site is
right on the river.