Developers anticipate MDOT property development request in New Center
Quote:
Armed with nearly 3.1 acres of property ready for a new intermodal transit center along the M-1 Rail line, the Michigan Department of Transportation is expected to issue a request for proposals or qualifications this quarter that could lead the way for a new mixed-use development in the New Center area.
Local developers have been looking forward to the possibilities offered by the site on the west side of Woodward Avenue between Amsterdam Street to the south and Baltimore Avenue to the north.
In addition to the intermodal transit center, which is expected to replace an existing Amtrak station on the site once it's demolished, developers and MDOT see the potential for new multifamily and retail components on the property, which is bisected by railroad tracks.
MDOT purchased the land from General Motors Co. in 1994 for $889,000, said Michael Frezell, communications manager for the department.
The intermodal transit center would accommodate “both intercity and proposed commuter rail, the M-1 Rail, intercity bus, local transit and future bus rapid transit [[BRT),” Frezell said in an email.There will be air space above the facility. What would the private sector do with that opportunity? The concept would be that they could benefit from the transportation purposes from large numbers of people there and that we can benefit from cost sharing and savings because of the private sector development.”
Didn't see this coming with the right developer this has the potential to be one of the most transformative projects in the greater downtown.
http://www.crainsdetroit.com/article...-in-new-center
