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Lee Plaza Will Be Redeveloped

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We could see 200 market-rate apartments west of New Center in 2018

We hadn't heard anything on the redevelopment of Lee Plaza in New Center in quite some time. Some of you asked about it last week on our Detroit Construction Map. Now according to the Free Press, we should see some work there starting this summer (we'll add it to the map!).

The 17-story building, which is on the National Register of Historic Places, fell into complete disrepair, subject to years of neglect and vandalism (losing all its windows in the process). Our last update said the developer, Craig Susser, wanted to bring it back to its glory. Now, according to the Free Press,

"Sasser has had a tentative deal since last fall to buy the tower and two adjoining parcels from the Detroit Housing Commission for $258,000 in cash. He initially planned to close on the property in December, but lining up the various city, state and federal approvals required more time than first anticipated, he said. The closing is now scheduled for June 1."

Sasser would like to turn the building into 200 market-rate apartments, plus build a parking garage next to it, with the vision of opening in 2018.

The building is located on West Grand Boulevard about a mile west of the Fisher Building and new Third & Grand development. This would be quite the development for its location. We'll keep you posted!