The second of two massive developments in Corktown has officially finished. “The Corner,” a 111-unit mixed use structure on the site of the old Tiger Stadium, opened with a ribbon cutting ceremony this week.
The large structure, which has a maroon and gray panelled facade that wraps around Navin Field at Trumbull and Michigan avenues, broke ground in May last year. The total cost was $31 million.
“Working with our partners to transform this site has been incredible, and we are looking forward to continue restoring the energy and excitement throughout the community,” said developer Eric Larson, president and CEO of Larson Realty Group.
The apartments are a mixture of studios, one-bedroom, and two-bedroom units with 20 percent being available for those who make 80 percent of the area median income (around $42,000). According to The Corner’s website, studios are around 450 square feet and rent for a little over $1,000. The largest, a 1,690-square-foot two-bedroom apartment, rents for $3,400. Each unit comes with its own balcony.
There’s also approximately 27,000 square feet of ground-floor retail with 60 percent of the total space being offered at 50 percent of the market rate. The first tenants include BUILD Institute, Plum Health, Skinphorea, and Vivid Space Yoga. There’s still three retail spaces remaining.
The Corner is just one of many recent developments near the old Tiger Stadium, which was demolished in 2008. The Towns @ The Corner added 34 for-sale townhomes to the site, which sell for around $500,000.
Many of the units for both the apartments and townhomes look out to the revamped baseball field, which is run by the Detroit Police Athletic League and hosts a number of youth league games throughout the year.
Across Trumbull, the $150-million, 151-unit Elton Park opened earlier this month. It also includes ground-floor retail and an activated alley.