A few months ago, we brought you the "oh good they’re saving it" news that the Metropolitan Building was going to be redeveloped into the Element Hotel. Today we hear from the Roxbury Group that the building has been purchased from the Downtown Development Authority by Metropolitan Hotel Partners, a joint venture between Detroit-based Means Group and Roxbury Group.
The hotel redevelopment is planned for completion in summer 2018.
The group will redevelop the 1925 building, which has been empty for 40 years and faced possible demolition in recent years, into a 110-room eco-friendly, extended-stay hotel. The Element Hotel will also have 2,000 square feet of state-of-the-art meeting space on the second floor mezzanine level, approximately 7,000 square feet of retail on the ground floor and lower level, and an outdoor patio on the 11th floor rear rooftop.
The $32-million redevelopment of the Element Detroit at the Metropolitan Building is supported by financing from Invest Detroit and Develop Michigan, Inc., and will be utilizing new market tax credits, historic tax credits, and incentive support from the State of Michigan’s Community Revitalization Program.
The Roxbury Group was behind the incredible redevelopment of the David Whitney Building.
This is what the Metropolitan Building has looked like recently:
And here’s the rendering of what it could look like in a couple years:
- Metropolitan Building to Become Element Detroit Hotel [Curbed Detroit]
- Metropolitan Building Inches Closer to Demolition [Curbed Detroit]