Olympia Development of Michigan, part of Ilitch Holdings Inc. in Detroit, has selected Four Man Ladder Management to operate an all-new dining concept in the former Eddystone Hotel near the northwest corner of Little Caesars Arena. Four Man Ladder will begin interior construction of the street-level establishment later this year.
The Four Man Ladder team owns and operates Grey Ghost and Second Best, both located on Watson Street, just east of Woodward Avenue, in the Brush Park Historic District. The operation includes Chefs John Vermiglio and Joe Giacomino, along with Will Lee, beverage director, and Michael Gray, director of operations.
“On the heels of the fifth anniversary of (opening) our flagship restaurant Grey Ghost, we are extremely excited to embark on our third venture and to partner with Olympia Development on this special opportunity,” says Vermiglio.
“As we look to continue the expansion of our family of restaurants, the Eddystone concept immediately stood out to us as a great opportunity given the beautiful architecture of the building and the location within The District Detroit. We are looking forward to starting construction and sharing more details as we progress.”
Restoration of the 13-story historic Eddystone, designed in the Italian Renaissance style, includes 92 apartments, with 20 percent set aside as affordable units.
Four Man Ladder and Olympia Development are partnering to build out a 5,000 square foot restaurant on the main level, comprising 85 seats split between the dining room, bar, and lounge.
“We have been very impressed by how the Four Man Ladder team has operated Grey Ghost Detroit and Second Best over the years, and are really happy to have them as partners in this project in The District Detroit,” says Stefan Stration, vice president of development at Olympia Development.
Concept, design, and menu details will be announced later this year, with a projected grand opening of spring of 2022.
Olympia Development of Michigan is a full-service real estate company that is part of Ilitch Holdings Inc., the parent company for numerous businesses such as Little Caesars Enterprises Inc., Detroit Tigers, Detroit Red Wings, the historic Fox Theatre, Little Caesars Arena, and Comerica Park. Chris Ilitch is president and CEO of Ilitch Holdings.
In recent news, Olympia Development announced Hayman Co. in Southfield, a large, privately owned commercial real estate firm, will undertake marketing and outreach to attract and retain tenants, as well as manage the overall building. The Eddystone, which first opened in the 1920s, will begin offering studio, one-bedroom, and two-bedroom units for lease starting later this year.
The Eddystone will offer a private lobby, which will be staffed 24 hours a day, custom artwork, an exercise room as well as a dog wash station for pets.
Later this year, Olympia Development states the former Women’s City Club, located in the Park Avenue Historic District behind the Fox Theatre, is expected to open, and construction is expected to begin shortly at Bagley Development Group’s Residences@150 (former United Artists Theatre at Bagley and Clifford streets).
In addition, pre-development planning continues on the proposed Henry Street redevelopment of seven historic buildings west of Cass Avenue and Little Caesars Arena.
For more information about Four Man Ladder, visit www.fourmanladder.com.
