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Old Posted Apr 27, 2016, 11:29 PM
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After much delay due to negotiations with the DDA, Hudson's high rise is set to start construction next year

Quote:
Hudson's site high-rise to be built by 2020 in Downtown Detroit
By Ian Thibodeau. April 27, 2016. Mlive Detroit.



A new high-rise building in Downtown Detroit could be completed by April 2020 on a site that's long been vacant and the subject of nostalgia.

The Detroit Downtown Development Authority on Wednesday approved a development agreement for the former J.L. Hudson's site, which hinged upon the $15-million sale of the 900-space Premier Underground Garage, currently owned by the city of Detroit.

Detroit Mayor Mike Duggan, who chaired the Wednesday afternoon meeting, said the city will use the $15 million to pay down some debt.

The agreement made Wednesday will allow Dan Gilbert's Rosko Development Co. LLC to begin construction on the site, pending approval from Detroit City Council.

The terms of the deal require Rosko Development to submit to the DDA finalized plans for the site by December 31. Construction would begin April 1, 2017.

By April 1, 2020, construction would be completed, bringing 225,000-square-feet of mixed-use development to a central, vacant block of Woodward Avenue.

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http://www.mlive.com/news/detroit/in...ill_go_up.html
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