[airforceguy]

The residential tower will now be 13 stories instead of 18.

UM regents sign off on 40-year lease for new apartment tower in Detroit

The residential building is being developed by Related Cos. and Olympia Development of Michigan at 2205 Cass Ave. at West Columbia St. The property is owned by ODM Parking LLC, according to city records, with is an entity affiliated with Olympia Development.
The new building is expected to have 313 units with a budget of $186 million, both of which are increases from previously released project details, according to a board briefing memo from Tuesday afternoon. Previously, the tower had been described as having 261 units and costing $147 million. A release from the university says the building will be 13 stories, down from 18 stories originally planned.
"The residential component added by this tower is a critical aspect of the center, as it will give our students and faculty the opportunity to immerse themselves in an innovative community, dedicated to opportunity and economic development," said University of Michigan Center for Innovation Director Scott Shireman in a statement. "Programming will take a mixed-model approach that includes both master's degrees and workforce development programs focused on technology and innovation."

https://www.crainsdetroit.com/real-estat...year-lease-new-residential-tower-detroit