As construction amps up in the areas surrounding the Little Caesars Arena, Olympia has announced plans for over $200 million in new construction and building rehabs. Some of these are new developments, while others previously announced as residential will now be used as office space, marking an interesting move for the area.
2715 Woodward Avenue: This will go between the Little Caesars Arena and the Mike Ilitch School of Business. The $65 million building will have 110,000 square feet of office space and 17,000 square feet of retail.
111 Henry Street: A $20 million new build that was residential, and will now house parking, plus 50,000 square feet of office space and 7,000 square feet of retail.
120 Henry Street (see main image above): This $48 million new build was also going to be residential, and will now have 100,000 square feet of office space along with 20,000 square feet of retail.
It’s worth noting that nearly a year ago, Olympia announced the rehabs of four historic buildings that they own. In the press release today, they say,
Planning, partnership and financing work continues for several previously announced residential historic renovations, including 110 Sproat St. (formerly the Eddystone), 150 Bagley Ave. (formerly the United Artists Building), 408 Temple St. (formerly the American Hotel) and 100 Temple St. (formerly the Alhambra). The District Detroit continues to pursue a 20% affordable housing goal.
Building rehabs announced today will go toward more office space. They also state that they’re pursuing tax incentives for these projects, and architectural and engineering work is underway. They include:
The Detroit Life Building at 2210 Park Avenue. They previously announced that exterior work had started on this long-vacant building. Kramer Design Group is leading the design of this $17 million redevelopment into 32,000 square feet of office and 6,000 square feet of retail.
1922 Cass Avenue: Albert Kahn Associates will redesign this Albert Kahn building with 66,000 square feet of office space and 8,000 square feet of retail. This will be a $23 million redevelopment of a building that once was a carriage and wagon shop and then, a machine and engine shop. This one sits across from the Grand Army of the Republic Building.
2110 Park Avenue: Kramer Design Group will also lead the $25 million renovation of this building, which will have 47,000 square feet of office space and 10,000 square feet of retail space.
Olympia also states that, “The historic Blenheim Building at 2218 Park Ave. is also under early feasibility study for potential redevelopment into residential units over street-level retail space. Feasibility studies are also underway for additional hotel and entertainment developments, several of which will take the place of existing surface parking lots.”
No timelines have been announced on these projects.