Encouraging news for this architectural beauty from today's Free Press...
Long-vacant Lee Plaza scheduled for makeover
$60M project could start construction work next summer
JC Reindl
Detroit Free Press
A project to redevelop one of Detroit's last vacant high-rises, the 17-story Lee Plaza on West Grand Boulevard, is moving forward and construction work could start next summer.
The initial phase of the roughly $60 million project would rehab nine floors of the historic and long-empty building and create 117 apartments for income-eligible seniors on housing vouchers. A later phase would redo seven more floors for additional housing, with the specific type of housing still to be determined.
The redevelopment is a joint effort by Detroit-based Roxbury Group and Ethos Development Partners and received a key approval this week for $1.5 million in Low-Income Housing Tax Credits from the Michigan State Housing Development Authority. The credits have a $15 million value to the project over 10 years.
https://freep-mi.newsmemory.com?publ...0347c1_134603a
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