The Detroit Economic Growth Corp. is looking for a qualified team for a commercial redevelopment of a vacant, desirable parcel in Detroit’s Rivertown area.
The property is one block from the Dequindre Cut Greenway and across the street from Chyll Martini Bar, one of the newest entertainment locations on the riverfront. The parcel also is positioned at the center of a variety of recreational amenities including Aretha Franklin Park, Detroit River Walk, and the soon-to-open Atwater Beach.
“Development of 1977 Woodbridge is part of the long-term vision for optimizing the East Riverfront district, says Kenyetta Hairston-Bridges, executive vice president of economic development and investment services for DEGC. “By collaborating with residents, the city, and other partners, we are creating an inclusive urban riverfront with enhanced public access to the Detroit River as well as pedestrian-friendly residential and mixed-use developments.”
The property zoned for mixed-use – a zoning classification developed to facilitate the redevelopment of Detroit’s riverfront. A comprehensive marketing package outlining the specifics of the proposed development project is available at degc.org. The DEGC will conduct due diligence with interested parties over the next two months, including site tours and a Q&A session. Selection of a development team is anticipated for early May.
Hairston-Bridges says the DEGC is looking for a team with proven experience in commercial redevelopment. “A critical element of the project is leveraging the inherent strengths of the site, and seamlessly integrating the development into the surrounding area,” she says.