Detroit Medical Center and Olympia Development Announce Project to Develop State-Of-The-Art Sports Medicine Institute Adjacent to Little Caesars Arena
Detroit Medical Center (DMC) and Olympia Development of Michigan announced today a long-term agreement to build a state-of-the-art facility in which DMC will lease a portion of the building to operate a one-of-a-kind sports medicine facility. The new building, when complete, will be located adjacent to the new Little Caesars Arena—adding new professional jobs, medical services and retail opportunities to The District Detroit. Both organizations envision an innovative facility that leverages the expertise of DMC’s specially-trained clinical and rehabilitation teams to provide patients with immediate access to sports-related care.
“The District Detroit continues to catalyze new and exciting opportunities for our community, like this project with the Detroit Medical Center that will bring additional world-class, specialty medical services to Detroit.” said Christopher Ilitch, President and CEO of Ilitch Holdings, Inc. “It will also increase the job opportunities, tax base and retail activity on Woodward Avenue and will spur even more growth in the surrounding area.”
One of six new projects recently announced by Olympia Development as the launch of Phase 2 of development in the District Detroit, the five-story, 127,000-square-foot facility will occupy land currently used as a surface parking lot at Woodward Avenue and Sproat Street. The development is bringing four floors of Class A office space and 17,000 square feet of street-level retail with construction scheduled to begin next year.
The DMC Sports Medicine Institute will occupy approximately 50,000 square feet of the new facility, and the remaining 60,000 square feet of office space will be available for office or complimentary medical tenants looking to be a part of the city’s remarkable resurgence and The District Detroit. The facility will also bring even more vibrancy to the area, which also includes Little Caesars Arena and the soon-to-open Mike Ilitch School of Business at Wayne State University.
The project includes investment of more than $65 million and will bring dozens of construction and construction-related jobs, as well as professional medical and office jobs to the area.
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About The District Detroit
The District Detroit is a dynamic urban destination in the heart of Detroit. One that includes something for everyone—a dense neighborhood experience with a variety of developments alongside Detroit’s premiere sports and entertainment venues. Connecting downtown Detroit to growing nearby neighborhoods such as Midtown, Corktown and Brush Park, The District Detroit is having a dramatic economic impact on Detroit and is a driving catalyst of the city’s remarkable resurgence. The District Detroit has delivered $1.4 billion in new investment to Detroit including the new Little Caesars Arena, Mike Ilitch School of Business at Wayne State University and Little Caesars world headquarters campus expansion. Additionally, new office, residential and retail spaces will continue to add momentum to Detroit’s amazing comeback for years to come.
