Jump to content

Archived

This topic is now archived and is closed to further replies.

Allan

300 Unit Development planned for East Riverfont

Recommended Posts

MEGA awards $11.1 million in tax breaks for area redevelopment

By Amy Lane

Nov. 16, 2004 2:13 PM

Two Detroit brownfield-redevelopment projects and an Auburn Hills automotive expansion are moving forward with the help of $11.1 million in tax breaks awarded by the state Tuesday.

The Michigan Economic Growth Authority board approved a $3.8 million brownfield single-business-tax credit for a $50.5 million redevelopment at Woodward and Michigan avenues near the new Campus Martius park. Developer 1001 Woodward Office L.L.C. and two other partners plan to demolish vacant buildings to construct a parking structure with 18,000 square feet of retail space on the first floor. They also plan to upgrade an adjacent 21-story office building at the northwest corner of Campus Martius and convert the upper floors into residential condominiums.

The MEGA board also approved a $5.6 million brownfield SBT credit for a $56 million redevelopment of a 7-acre former mobile-home park along the riverfront on Detroit

Share this post


Link to post
Share on other sites


Is that referring to the Lakeside Trailer Court, by chance, or a place closer to downtown?

Edit: Oops, missed the address. It is indeed at the above location.

Share this post


Link to post
Share on other sites

  • Recently Browsing   0 members

    No registered users viewing this page.

×
×
  • Create New...

Important Information

By using this site you agree to our Terms of Use and Privacy Policy. We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.