Michigan Real Estate News

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Detroit Property Receives A Big Facelift

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A small 1970s vacant and outdated Detroit building received a big makeover. Located along the Qline, between Campus Martius and Hart Plaza and near the 40-story Guardian Building, the building at 511 Woodward Avenue is now home to Michigan’s first Capital One-branded coffee shop with prospects for future restaurant and office tenants. Businessman Zaid Elia completed the $18 million-plus redevelopment which includes an outdoor patio, floor-to-ceiling windows and a slightly expanded footprint. Each floor plate is 7,500 rentable square-feet, making it a good fit for office tenants who may need less space than before COVID-19.

 

 

 

Proposed Livonia High Rise Apartment Complex Meets Resistance

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A proposed apartment complex development south of Wonderland Village in Livonia has neighbors up in arms. At a recent planning commission meeting, several residents spoke out against the project. The site is owned by Livonia-based Schostak Brothers. The request for the property would be to change the zoning from C-2 General Business to R-8 High Rise Residential. Residents have taken issue with the redevelopment of the site for years, but recent concerns include the appropriateness of a high rise apartment complex in the middle of a shopping center development with tenants having visual access into neighborhood backyards. The developer asked the commission to table the proposal to a future date, in order to work on additional details of the development.

CDC Mask Policy Reversal Throws Wrench

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The CDC recently took a step backward with its mask policy. Research on the Delta variant is the cause of the reversal. They now recommend that people should wear masks indoors, at least in areas where the coronavirus infection rate is high. The announcement throws a wrench in companies’ return-to-office plans. Many brought workers back, allowing fully vaccinated employees to go without masks. Companies with national footprints may decide to have a consistent mask policy across all offices and sites. The reversal in policy may also cause more corporate vaccine mandates.