South University Village Phase II

[belleislerunner]

The mintues for next week's WSU Board of Governor's meeting include a section that the RFP for the South University Village Phase II is due out in the next two weeks. Anyone have any details/renderings?

http://bog.wayne.edu/meetings/2013/0...20item%20d.pdf
Over the past 6-9 months, the Office of Economic Development has led a process to determine the feasibility of and direction for the planned second phase of the South University Village project. The first phase was completed in 2008 and was named the Development of the Year by Crain’s Detroit Business. The anticipated second phase was delayed by the deteriorating economic conditions of the time. After significant market study, we are convinced that an RFP will be met with very strong response from the private developer community, and have engaged a consultant to conduct an RFP process. Based on the current timetable, the RFP is expected to be released during the second half of March.

We will pursue a similar model to the first phase, with a developer bearing the financing burden for construction of a mixed use [[residential/office/retail) facility and leasing the site from WSU. In addition to the lease payment, the developer is anticipated to lease parking spaces in structure 8 which was constructed to support this development. There was also a TIF district established on the site that should generate significant revenue for the university upon completion of the project.

[AGinthe313]

The mintues for next week's WSU Board of Governor's meeting include a section that the RFP for the South University Village Phase II is due out in the next two weeks. Anyone have any details/renderings?

Thanks for the info. Do you know which areas [[cross streets) they are considering?

[AGinthe313]

Thanks for the info. Do you know which areas [[cross streets) they are considering?

Answered my own question...[[lol)

From the Wayne State Website:
Phase Two of the South University Village project will add another $20 million of new construction in 2010-2012 with a second five-story apartment or condominium project along Canfield just west of the The Whitney Restaurant. Overall, South University Village represents more than a $50 million investment in the city of Detroit over the next five years.
http://media.wayne.edu/2008/07/22/wa...-grand-opening

[southen]

thats awesome news. between that development, the auburn, and the willis/woodward project you are going to get a nice influx of residents to the area.

[Pcm]

I assume they're referring to this parking lot?

[Zug]

Yes, that's it. If I recall correctly, I think that lot has been closed for a little while. Maybe that explains why?

[French777]

Also, The Midtown Loop Phase II is complete now along West Canfield from John R. to Cass Avenue!