The Metropolitan Building, long slated for redevelopment into market rate apartments under a plan approved by the Downtown Development Authority (DDA), is beginning to show signs of new life. A tipster sent us photographs showing work crews beginning fresh projects at the long-vacant triangle-shaped building downtown.
The development plan calls for the construction of 71 apartment units, along with retail spaces on the first two floors. To date, developers have spent $300K stabilizing the building's facade. Our tipster, Steven Halmaghi, noticed scaffolding on the iconic Detroit building and noted that all the boards had been removed from the windows on the structure's third floor, too.
Opened in 1925 as a center for Detroit's jewelry industry, the Metropolitan has been vacant for nearly 40 years. Metropolitan Development Partners, the company in charge of the building's rejuvenation, predict that the project will be complete sometime in 2016 or early 2017.
·Metropolitan Miracle: $23M Rehab Cleared For Launch [Curbed Detroit]
·Historic building, Hudson's site get apartments [Detroit Free Press]