(CBS DETROIT) – A $75 million transformation is coming to a vacant downtown structure.
An African-American-led development team transforms an 18-story skyscraper into an apartment building.
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“This group of individuals is so talented that if anyone could make it, it’s these guys,” Mayor Mike Duggan said.
The historic United Artists building will soon become Residences @ 150 Bagley.
On Thursday, Mayor Mike Duggan made the announcement along with the Bagley Development Group, the Downtown Development Authority and numerous business leaders.
“It’s a project we started six years ago and it’s a team effect, not an individual effect,” said Emmet Moten of Bagley Development Group.
Residences @ 150 Bagley will house 148 market-priced and affordable apartments.
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The plan is to create one- and two-bedroom units and mixed-use retail and restaurant spaces.
“We celebrate the continued commitment to preserving Detroit’s history and creating new opportunities,” said Christopher Ilitch, President and CEO of Ilitch Holdings, Inc.
The building was built in 1928 and has been vacant for almost 50 years.
“When my dad became mayor, one of his visions was to make sure we had African American participation,” said Detroit City Councilman Coleman Young, Jr.
“There’s a great quote that from the Detroit Women’s Club it’s called lifting while we climb and when my dad was mayor it wasn’t enough for him to be successful he wanted to lift as many people as possible and what these gentlemen have made here represents this achievement, this vision and this legacy for the next generation.
The project is expected to be completed by the end of 2023.
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