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.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.