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Old Posted Dec 12, 2011, 10:22 AM
DetroitMan DetroitMan is offline
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Join Date: Jul 2001
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David Whitney Building renovation moves forward
Quote:
A plan to remake the vacant David Whitney Building into retail, apartments and a boutique hotel is taking two big steps forward.

First, developers have signed Starwood Hotels to brand the 136-room hotel as part of its Aloft line, a high-design, urban-oriented model similar to Starwood's W brand hotels but at a more modest price.

And, second, the Michigan Economic Growth Authority is expected Tuesday to take up the project's request for tax credits that will undergird financing for the $82-million project.

David DiRita of the Roxbury Group, the Detroit-based development company heading up the project, said if other financing falls into place then construction could begin in the first half of 2012, with the reopening of the building sometime in late 2013 or 2014.
http://www.freep.com/article/2011121...text|FRONTPAGE
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