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Your guide to metro Detroit development 2022

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The commercial development of Metro Detroit is booming again as the dust on COVID-19 has finally begun to settle. Some shopping malls and office buildings in the area had big plans, many of which were abandoned or underutilized during the peak of the pandemic.

Check out our Summer Development Guide to see what’s available at notable sites such as Fairlane Town Center, United Artist Building, and Oakland Mall.

Redevelopment

Fairlane Town Center Mall may be sold to acquire housing

Dallas-based real estate company Centennial acquired Dearborn’s Fairlane Town Center in May. The company wants to turn vast real estate into multipurpose development, providing shopping, housing and, in some cases, medical services. According to the city of Dearborn, the mall, which opened in 1976, is a three-story building with 125 stores, with a reported occupancy of 83% as of February.

more: A guide to real estate and housing in Metro Detroit this summer

more: 2022 Summer Guide to Dining, Cooking and Beer in Metro Detroit

more: 2022 Guide to Summer Fun in Metro Detroit: Concerts, Festivals, Attractions and more

Abandoned offices, schools and stores converted to Metro Detroit homes

More and more empty or underutilized Metro Detroit office buildings, schools, motels, and even one abandoned department store are being converted into new homes. Southfield has several such projects, including the former Northland Center Mall, John Grace Elementary School, and Hawthorne Suites Hotel.

Rehabilitation of Irich’s United Artist Theater Building in Detroit is underway

The 18-story United Artists Theater Building on 150 Bagley St. will be transformed into a 148-unit residential building called Residences @ 150 Bagley. The $ 75 million project is headed by the Bagley Development Group, a black-led development team based in Detroit. Members of this team include Emmett Moten Jr. and Richard Hosey. The residence is scheduled to open in late 2023.

New owners of Oakland Mall want “anti-mall” with TikTok star

Mario Kiegi, a real estate investor with commercial real estate in Ohio and Michigan, bought a huge 1.5 million square foot trojan shopping mall in March. Kiezi, 31, said he intends to appeal to teens and gradually transform into an “anti-mall” with new, unique and affordable entertainment options for families.

New development

Authorities have begun construction on a 22-acre park on the city’s West Riverfront, which is scheduled to open in 2024.

Ralph C. Wilson Centennial Park is the final piece of the Detroit Riverfront Conservancy’s plans to rejuvenate the 5.5-mile frontage along the Detroit River. The park, with a $ 75 million investment, will be located near the former Joe Louis Arena on the west side of the riverfront and will consist of 22 acres of playground and recreation space.

New rendering released for Hudson’s site project in Detroit

Dan Gilbert’s plan to develop the site for his real estate company Hudson in downtown Detroit consists of two buildings. The 11-story mid-floor has more than 550,000 square feet of office space, exhibition space, and a first-floor retail store. This development, located at 1208 Woodward Ave., began construction in December 2017 and is still under construction.

Construction of a large-scale luxury home development in Detroit finally begins [For subscribers]

As of mid-May, construction of a luxury 318-unit home development at Lafayette Park in Detroit is officially underway. This is one of the city’s largest pandemic-era housing developments. Located on 1401 Rivard St. near I-375, the $ 133 million Lafayette West consists of six five-story buildings with 230 rental apartments and 88 condos for purchase. It is scheduled to open in the spring of 2023.

Joe Louis Arena Sight Tower may be completed in the spring of 2024

The 25-story residential tower in Detroit, currently under construction at the former site of Joe Louis Arena, could be completed as early as spring 2024. Initial foundation work began on the site in February.

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