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Development Notes: Broadway revival, Midtown affordable housing opens, and more

Courtesy of Basco

Here’s our roundup of more development news around Detroit. Did we miss something? As always, we appreciate a tip on our tip line!

With all the big developments announced this year, it seems like we hear of smaller ones nearby. Such is the case for Basco’s plan for three buildings on Broadway, across from Punchbowl Social, that could help bridge the gap between downtown and the neighboring Paradise Valley/Harmonie Park redevelopment.

The Detroit News reports that plans for the buildings include a complete redevelopment, with 30 residential units (6 reserved for low-income tenants), office space, and two restaurants. Also in the works - an activated alley, much like the nearby Belt Alley.

The $11 million project is aiming for a late 2018 completion date.

Midtown had a ribbon cutting ceremony for a newly renovated apartment building near MLK and Second. The Treymore had been vacant for more than 20 years. The Paradise Valley Investment Group purchased and redeveloped the four-story building. The Treymore now offers low-to-moderate income families and citizens of Detroit twenty-eight one and two bedroom apartments.

The City of Detroit contributed $3.5M in HOME program funds to the project, while the Michigan State Housing Development Authority brought another $3 million in affordable housing tax credits, and Cinnaire financed and syndicated those credits.

The newly renovated Treymore Apartments are already more than two thirds leased at this time.

According to the Free Press, the QLINE will be making its first road test this week. Weather permitting (and if you’re here, you know that’s a big asterisk right now), the QLINE will make its way out of its Penske Tech Center and then will be pulled by a tow truck. While they work on powering the system, they do want to get some testing in. It’ll certainly be cool to see it on the road, and hey, we know what the stations will look like now.