Riverfront Hotel Plans Pivot to Apartment Development
The Detroit-based City Growth Partners LLC has scrapped its plans for boutique hotel rooms in a Detroit riverfront development. The $136 million vision for the property now includes 478 apartments instead of an original 360 apartments and 120 boutique hotel rooms. The revised number of apartments will make it one of the largest new multifamily projects in Detroit. The development will still include retail space. The Detroit Economic Growth Corp. board will have to sign off on the changes to the development plan because it is publicly-owned land. The changes have yet to be presented to the board.