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New Corktown development, Elton Park, moves forward

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Rentals and lofts!

A few weeks ago, we brought you news that more residential was planned in Corktown, behind Nemo’s and McShane’s. Today we’ve learned in a press release that Soave Enterprises received approval from the Michigan Strategic Fund’s Board of Directors for a $6.9 million Community Revitalization Program investment in the $44 million project. Now we have a name and what it might look like (kind of).

Elton Park is named after the 19th Century park that was located at Elizabeth Street and Eighth Street, until the late 1950s when it was demolished to build the Lodge Freeway. The development will span five blocks on the northeast edge of Corktown. The project is Soave Enterprises’ first major residential project in Detroit and the neighborhood’s first new construction in over 10 years.

This new development is across Trumbull from the old Tigers Stadium site, which is being redeveloped into a new HQ for the Detroit Police Athletic League, plus new residential units on the corner of Michigan and Trumbull.

Elton Park will have six buildings with 151 market-rate rental units totaling 124,000 square feet of residential space and 13,400 square feet of retail. The buildings will offer a diverse selection of living options, and include new construction, as well as the redevelopment of the Checker Cab building into residential lofts. The development will also feature Corktown’s first green alley, to be named Checker Alley.

Work on the project is scheduled to begin in the spring of 2017.

Soave Enterprises purchased the Checker Cab business in 1998, followed by several parcels of land surrounding the building. Today, the area is primarily used for parking for local restaurants and bars, especially for sporting events. With the development of Elton Park, the Checker Cab business will be moved to another location within the city.

According to the release, Soave has been working with the business community and neighborhood throughout this process.

The Elton Park development is wholly owned by Soave Enterprises and supported by the Roxbury Group, which is providing development services; Detroit-based architecture and design firms Quinn Evans Architects and Hamilton Anderson Associates; and Monahan Construction, which is based in Eastpointe and serving as construction manager.