Detroit developments are something to look forward to in all areas of the city. New residential developments in Detroit opening in 2023 and beyond are certainly worth keeping up with. Show your support for Detroit’s growth by simply educating yourself on what’s happening, which includes innovative design projects that are focused on urban planning, revitalization, preservation, and economic resurgence. Pay attention to new real estate opening up in your own neighborhood area!
Detroitisit rounded up a list of exciting new residential developments to watch in 2023. Innovation is happening all around if you keep your eyes open.
Detroitisit is starting off this list of new Detroit developments Detroit with a literal ground-breaking investment. Detroit developer Mark Bennett has positive news to share about Lafayette West, a $150-million, 318-unit condominium, and apartment community. The aim is for it to serve as a connecting point between Lafayette Park and the greater downtown area. Get ready for Lafayette West’s mix of studio, one-bedroom, and two-bedroom floor plans ranging in size from 436 square feet to 1,223 square feet. Twenty percent or 46 of the 230 apartments have below-market rents to ensure affordable housing.
JIM HOLLEY RESIDENCES
Several residential developments people are buzzing about in 2023 broke ground in 2022. MHT Housing and Historic Little Rock Baptist Church lent a hand and financial support to the Rev. Dr. Jim Holley Residences, an $18 million affordable senior housing development named after the church’s senior pastor. Keep an eye out for the 60 units that will be affordable at 9001 Woodward Ave, across from the church in Piety Hill. Not to mention, the new construction building will feature 5,000 square feet of commercial space. The residences are expected to open in 2023.
Located at 10210 Second Ave. at Glynn Court, in the Gateway Community in District 5, The Charlotte will turn an abandoned 1923 apartment building into pristine, quality affordable housing in Detroit’s Gateway Community near Boston-Edison. For emphasis, all 28 will be affordable housing, with 32% ensuring generously affordable rates at 60% Area Median Income (AMI). The $3.19 million redevelopment includes 12 one-bedroom units and 13 two-bedroom units with three studio apartments.
New residential developments in Detroit can sometimes be uncertain and go unfinished, but not for Detroit’s Parker Durand in Islandview/Greater Villages! Check out the mixed-use building on Detroit’s east side with 92 apartment units – half of which are affordable housing. At the lowest income level, a one-bedroom apartment will cost $750 a month with an in-unit washer and dryer, granite countertops, stainless steel appliances, and a rooftop deck. Click HERE for more information on this $22.5M new construction project. Location: 8001 Kercheval at Van Dyke
DETROIT’S NEW CENTER
If you really want to hear new news of residential developments in Detroit this year, then look no further than the latest February 2023 plans for Detroit’s New Center. This isn’t just any ordinary development, it’s a full-fledged community development! According to the Detroit Pistons NBA site, the sweeping mixed-use development will be sponsored by Henry Ford Health, Tom Gores, and the Detroit Pistons, and Michigan State University intends to invest $2.5 billion over the next decade to turn Detroit’s New Center neighborhood into a vibrant, walkable community with state-of-the-art residential, commercial, retail, recreational and health care elements. Things are looking up for the Henry Ford Health academic healthcare campus! Click HERE for more information.
CADILLAC ASSEMBLY PLANT
The new owner of the historic Cadillac Assembly Plant is taking action on a $27 million conversion. This space occupies the land near Clark Street and Michigan Avenue in Detroit’s TechTown neighborhood. Expect historic TechTown neighborhood building into new apartments. On the same grounds in 2021, demolition occurred on the Cadillac Stamping Plant to plan an estimated$48 million project at the site to create 450 jobs. Mayor Duggan along with NorthPoint Development CEO Chad Meyer, Councilman Scott Benson, Inner City Contracting President Curtis Johnson, Nicole Sherard-Freeman, the city’s group executive of the Jobs and Economy Team, are just some of the many teaming up together to build from the ground up.
Residential developments in Detroit like many other projects in the city are balancing preservation with creation. Keep an eye on Brush Park and the mixed-income housing project that will encompass 308 residential units across three buildings. About half of those units will serve as affordable housing, to be rented out at a starting rate of $500 per month. Detroit Mayor Mike Duggan has seen projects through with the success of mixed-income and affordable housing.
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