DETROIT | Development & Construction: Motown Lowdown

[DetroitMan]

UM plans larger residential tower for downtown Detroit campus

The University of Michigan board is expected to consider a measure related to a new residential tower to be built next to its under-construction Detroit satellite campus, the University of Michigan Center for Innovation.

The Board of Regents meets virtually at 9 a.m. Thursday to consider a 40-year lease for the building that would house UMCI students and faculty. The residential building to be constructed at 2205 Cass Ave. at West Columbia Street 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. Previously, the tower had been described as having 261 units and costing $147 million.

Crain’s has emailed spokespeople for the Ilitch family’s Olympia Development of Michigan real estate company as well as Related Cos., the New York City-based development company founded by Stephen Ross, which is also working on the District Detroit effort. Questions about the project were also sent to spokespeople for the university. The regents document says construction is expected to be complete in the fall of 2028, a year after UMCI — a graduate school-type campus focused on things like AI, robotics, cybersecurity and tech, among other things — opens in the fall of 2027.

Previously, a Related executive had said the UMCI and the residential tower would open at about the same time.

https://www.crainsdetroit.com/real-estate/um-plans-larger-residential-tower-near-umci