Michigan Real Estate News

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Dearborn Mayor Has High Hopes For Fairlane Town Center

The Dearborn Mayor hopes to turn the Fairlane Town Center site into the “heartbeat of our city.” Affordable housing and green space are only two of the many possibilities that could reinvigorate the mall. He wants to brainstorm with business leaders to improve the space. Mayor Hammoud envisions an affordable housing project, a public health project, an environmental sustainability project, and a flood mitigation project. He wants to pitch ideas to area developers to formulate a plan that will utilize the available city, county and state resources.

 

 

Eastern Market Redevelopment Adds New Food And Bar Features

The northern end of Detroit’s Eastern Market food district is headed for redevelopment. The former Detroit Water and Sewerage Department building is being redeveloped as The Mosaic. Robert Montwaid, who created Gensevoort Market in New York City and Chattahoochee Food Works in Atlanta,  will build a 25,000-square-foot food hall on the site. A 4,000-square-foot rooftop bar is also planned. Construction on the $33 million redevelopment is set to begin this year and is expected to be complete in 2024. The food hall and bar will be open next year.

 

Detroit To Spend Pandemic Relief On Commercial Demolition

Detroit plans to spend $95 million over the next four years to get rid of or improve vacant business structures across the city. The efforts will use more than 10% of its federal COVID-19 pandemic recovery monies on commercial blight remediation. Previously, the city’s blight removal focus has been more on residential than commercial. The American Rescue Plan Act dollars is changing that. The effort isn’t just about removal, but about preparing for opportunities that will come after demolition.