WHERE DETROIT COMES TOGETHER
Related Companies, Olympia Development of Michigan (ODM) and the City of Detroit announced plans to begin an extensive Community Benefits Ordinance (CBO) process for a multi-building development in The District Detroit. The CBO process marks the next phase of plans to build new residential with affordable housing, new office, retail, hotel, and public space across 10 properties in The District Detroit, aimed at attracting and retaining talent and inclusive economic development in Detroit and Michigan.
The proposed development includes construction of six new buildings and the renovation and adaptive reuse of four historic buildings. The mix and type of proposed projects reflect significant initial feedback from the developers’ continued community engagement, which will continue through the the city-led community benefits process.
Innovation & Education
Innovative
Office
Retail &
Entertainment
Mixed-income residential
The District Detroit Phasing Plan
Building upon their previously announced shared vision for The District Detroit and the Detroit Center for Innovation (DCI), a world-class research, education, and entrepreneurship center, the additional projects proposed include 695 mixed-income residential units -- 20 percent of which are earmarked as affordable at 50 percent Area Median Income (AMI) -- 1,200,000 SF of commercial office, 100,000 SF of retail and 400 hotel rooms.
INNOVATION AT THE DISTRICT
The Heart of Education
The Detroit Center for Innovation (DCI) will be a world-class research, education, and entrepreneurship center in the heart of the city. It is a collaboration between the University of Michigan (U-M), Related Companies and Olympia Development to advance innovation – the talent-focused community development, propelling city, region, and statewide job creation and inclusive economic growth.
OFFICE AT THE DISTRICT
The Heart of Commerce
The District Detroit will be the city’s new hub for business, with an ecosystem designed to support employee engagement and retention that enhances the quality of the work environment. The District Detroit will define how business comes together, offering large block, multi-level office spaces to boutique buildings with customized amenity spaces that expand the collaboration and office opportunities. Adjacent to incredible open spaces and active public parks and plazas, the office campus will be a destination that attracts the top talent to The District.
ENTERTAINMENT AT THE DISTRICT
The Heart of the Action
Detroit’s renowned center of entertainment and sports, The District will be infused with a multitude of new shopping, dining and hospitality options ideal for a family outing or a night with friends. Visitors can park once and walk the pedestrian plazas to all the major venues, including Comerica Park, Fox Theater or Little Caesars Arena, all while enjoying the great dining and shopping opportunities along the journey. Plan your visit today and enjoy all The District has to offer.
LIVE AT THE DISTRICT
The Heart of Home
The District Detroit will define the heart of home, with proposed projects offering up to 695 new mixed-income residential units, in addition to The Eddystone, with historic roots, dating back to 1924. Living at The District will give Detroiters an opportunity to truly be in the heart of the city, while enjoying the serenity of open spaces, outdoor sports and activities, and easy access to great food, art, and culture.
THE DISTRICT CORE VALUES
Our purpose-driven development will prioritize prosperity for Detroiters through inclusion, equity and the environment.
PROPOSED DEVELOPMENTS
Sustainability at the Core
Sustainability will be at the core of the development for The District Detroit, including securing LEED certification for buildings, prioritizing sustainably designed open space, and supporting low-carbon transportation options and infrastructure across the proposed development.
This proposal for a package of transformative real estate development projects in The District Detroit is in addition to retail, entertainment, office and residential development underway or recently completed by Olympia Development.
The list includes Cass & Henry, a proposal to restore six residential buildings and community space on a single historically designated block in The District Detroit, the recent restoration of the historic Eddystone residences, and the [email protected] Bagley led by Bagley Development Group. These projects together represent 410 new homes in Detroit, 131 of which are reserved as affordable housing for residents
These proposed development plans depend on attaining suitable financing and partners, as well as public financial support. To that end, Related and Olympia also announced today that they are filing a Transformational Brownfield Plan (TBP) application with the Michigan Economic Development Corporation.
The TBP is reserved for projects that will have a transformational impact on local economic development and community revitalization while also having an overall positive fiscal impact on the State. Should the application be approved, public financing through the TBP will only be provided for those projects that begin providing jobs and positive economic impact through construction and beyond. Over the 35-year incentive benefit period, projected net fiscal tax benefits include more than $1 billion for the State of Michigan, $700 million for the City of Detroit’s general fund and $442 million for other taxing jurisdictions.
No City general fund support is being requested or provided for the proposed developments. Once financing and requested public incentives are secured, it is expected that work would begin on the office building at 2200 Woodward in 2023.
Annual operations of the project will support more than 5,000 total jobs within the city of Detroit. Operations are expected to generate more than $500 million in wages within the City of Detroit on an annual basis. Operations are also projected to yield approximately $1.6 billion per year in direct economic activity in Michigan.
Construction of the projects are projected to support approximately more than 12,000 temporary construction-related jobs, as well as 6,000 permanent jobs. Construction is expected to generate more than $800 million in wages. Construction is also projected to yield approximately $1.4 billion in direct economic activity in Michigan.The initial phase of proposed mixed-use projects in The District Detroit includes the following projects below:
INITIAL PHASE OF DEVELOPMENT
GET INVOLVED
Related, Olympia and The City of Detroit will invite the members of the surrounding community to learn more about the proposed development plans and to share their feedback at a series of public meetings begining in November. In addition to reflecting initial feedback from an expanding community engagement process, each project in the initial planning phase of The District Detroit’s purpose-driven development is rooted in the core values of education, engagement, employment, economic inclusion, and environmental justice. Please visit Detroitmi.gov for more Community Meeting details.
