See All News

Our Vision for Affordable Housing and Plan for Renovation of Eddystone Hotel

Strategy will establish 20 percent affordable housing goal throughout The District Detroit and preserve Louis Kamper designed, 13-story Eddystone Hotel

Olympia Development of Michigan is announcing its plans to renovate and restore Detroit’s historic Eddystone Hotel and create market-rate and affordable housing units in the building and throughout The District Detroit. The Eddystone, located at 110 Sproat Street at Park Avenue, was designed by Louis Kamper and opened in 1924. This announcement reinforces Olympia’s ongoing goals for both historic preservation and affordable housing as part of The District Detroit.

Under plans to be submitted to the City of Detroit Historic District Commission, Olympia envisions a complete renovation of the former Eddystone Hotel in the spirit of its original design.Approximately 20 percent of the Eddystone’s roughly 100 units would be reserved as affordable housing. The Eddystone will also feature first-floor retail space, consistent with hundreds of millions of dollars in private mixed-use development plans throughout The District Detroit. Olympia Development is also announcing a 20 percent affordable housing goal across The District.

“Restoring the Eddystone Hotel helps preserve an important piece of Detroit’s rich architectural history while creating much needed job opportunities and affordable housing for Detroiters,” said Rod Blake, Director of Development for Olympia Development of Michigan. “We’re excited to begin this restoration plan, which will support the authentic Detroit character of The District Detroit. Olympia Development is making economic opportunity for Detroiters, affordable housing and a thoughtful, historic approach central to our plans for transforming this vital area.”

Pending zoning approval by the Detroit City Council, full construction on the Detroit Events Center can begin this spring. In the meantime, site preparation will continue with fencing, equipment mobilization and field work beginning in the coming days. Once approved by the Historic District Commission, work on the Eddystone Hotel could begin as early as fall of 2015.

Explore the District