Midtown Detroit Development

[DetroitMan]

Project seeks to 're-densify' Midtown
N.Y. group seeks to develop properties, housing, new schools
Louis Aguilar / The Detroit News

The power players of Detroit's Midtown continue to flex their growing economic clout in the city with the unveiling today of a plan to develop up to 75 properties, create 200 units of mixed-income housing and the possible financing of new charter schools in the area.

Living Cities, a New York-base consortium of 22 financial and philanthropic groups, is scheduled to announce today at the Charles H. Wright Museum of African American History that it is awarding $2.75 million in grants, $4 million in investments and $15 million in commercial debt to the Detroit projects to help reconcentrate or "re-densify" people in the area around Woodward Avenue.

http://www.detnews.com/article/20101...ans-expansions