Construction on a new $50 million apartment building that will be located west of the Fisher Building in Detroit, Michigan’s New Center neighborhood — called Third and Grand — will break ground in the fourth quarter of this year, with leasing expected to begin in mid 2018.
New Center is a prominent commercial and residential historic district in uptown Detroit, adjacent to Midtown, one mile north of the Cultural Center, and approximately three miles north of Downtown.
“I think with the arrival of the M-1 Rail (set to open in early 2017) and with the expansion of Midtown Detroit Inc. in terms of its geography, what you’ve got now are two things that are very significant,” says Peter Cummings, developer of the project and senior principal of the new Detroit-focused development company called The Platform.
“Our company is really dedicated to creating a series of residential and retail opportunities along the Woodward corridor,” he says. “All of the locations we’re looking at and have either under agreement or under contract are within the two to three block walk of a light rail station.”