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Brownfield Redevelopment Projects Get State Money

DETROIT-A low-income multifamily rental complex on Brainard Street between Second and Third avenues and a shopping center at Warren and Conner avenues in the Motor City are the latest recipients of state tax credits for brownfield redevelopment.

By Dan Heaton | Updated on August 09, 2004

DETROIT-Two local projects will move ahead with assistance from state brownfield projects. The Brainard Street Apartments LDHA, LLC will use a $505,000 credit to help redevelop five acres of blighted property located on Brainard Street between Second and Third avenues in the city into a 120-unit low-income apartment community.

The project is expected to spur more than $5 million in private investment. Elswhere in the city, Thor Gallery Warren Conner, LLC will use a $738,600 credit to rehabilitate a 146,000-sf, blighted open-air shopping center at the intersection of Warren and Conner avenues. The project is expected to spur more than $7.3 million in private investment and create 150 new jobs.

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