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  #41  
Old Posted Oct 3, 2024, 8:50 PM
DetroitMan DetroitMan is offline
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Plans were recently filed for a 14-story hotel. I'm not holding my breath on anything happening though...

Long-delayed development next to Detroit's Whole Foods may be moving forward

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It’s been a difficult slog for The Mid vision, but facing a looming state-imposed deadline for public financing, the development team anticipates beginning site work soon. Construction is expected to start later this fall at the vacant 3.8-acre site on Woodward Avenue north of Mack Avenue near Detroit's Whole Foods Inc. grocery store and the Detroit Medical Center campus.

The city has received recent plans for part of the project, a 14-story hotel, according to public records made available online late last month. “We look forward to sharing much more detail about this important development in the very near future,” Dietrich Knoer, president of Southfield-based Q-Partners LLC, said in an emailed statement.

That entity is connected to Mohammad Qazi, president and CEO of Southfield-based Ciena Healthcare, who paid $15 million for the site in 2018. Knoer has previously been a top executive with Southfield-based Redico LLC, Peter Cummings' The Platform LLC and the Eastern Market Development Corp.

It’s been five and a half years since Qazi and his development team first floated The Mid project, which has encountered buzzsaws ranging from financing challenges to the COVID-19 pandemic.
https://www.crainsdetroit.com/real-estate/developers-file-14-story-hotel-plans-mid-detroit
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  #42  
Old Posted Oct 17, 2024, 10:54 PM
DetroitMan DetroitMan is offline
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Plans scaled back for large mixed-use project near Detroit's Whole Foods

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A presentation forthcoming from the development team behind The Mid project on Woodward Avenue north of Mack Avenue and the Whole Foods Inc. grocery store says a planned Thompson Hotel, part of the Chicago-based Hyatt Hotels Corp. family of hotel flags, should be complete by January 2027.

It is slightly reduced in scale to 216 rooms across 15 floors, down from 225 or so as originally conceived. It’s the first time in years updated plans have been revealed, after first announcing the proposed project in March 2019 and running into the COVID-19 pandemic buzzsaw that pinched financing. The most recent cost projection was $377 million, although the current development cost is not known. "The ensuing disruption to the financial markets resulted in the project’s lenders quickly withdrawing their commitments in March of 2020," the presentation says. "In addition, the subsequent economic downturn and softening in hospitality and residential demand made a large-scale Midtown project all but impossible."

The presentation says the project now has "a clear path to financing."

ther components to be started later, according to City Planning Commission briefing documents to be considered as part of a presentation tonight, include:

A seven-story, 485-space parking deck starting construction in the summer 2026 and wrapping up in the spring 2027;A seven-story, 217-unit multifamily building atop first-floor retail space for eight stories total starting construction in the spring 2027 and completing in the winter 2029; A 13-story, 153-unit apartment building atop the seven-story parking garage for 20 stories total starting in the spring 2029 and completing in the fall 2031; Retail space across all components totaling about 55,300 square feet.
The updated plans are pared back considerably.

The first incarnation of the project from March 2019 included a 25-story hotel and condo building with 225 hotel keys and 60 condos, plus a 30-story, 250-unit residential tower. They would be among the tallest buildings built north of Mack since the 1920s. Also included were a 12-story building with close to 200 co-living units, a 750-space parking garage, and 75,000 to 100,000 square feet of retail.
https://www.crainsdetroit.com/real-estate/plans-mid-development-scaled-back-midtown
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  #43  
Old Posted Oct 18, 2024, 3:17 AM
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animatedmartian animatedmartian is offline
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Plans scaled back for large mixed-use project near Detroit's Whole Foods



Quote:
It is slightly reduced in scale to 216 rooms across 15 floors, down from 225 or so as originally conceived.

Other components to be started later, according to City Planning Commission briefing documents to be considered as part of a presentation tonight, include:

A seven-story, 485-space parking deck starting construction in the summer 2026 and wrapping up in the spring 2027;

A seven-story, 217-unit multifamily building atop first-floor retail space for eight stories total starting construction in the spring 2027 and completing in the winter 2029;

A 13-story, 153-unit apartment building atop the seven-story parking garage for 20 stories total starting in the spring 2029 and completing in the fall 2031;

Retail space across all components totaling about 55,300 square feet.

[...]

“The ensuing disruption to the financial markets resulted in the project’s lenders quickly withdrawing their commitments in March of 2020,” the presentation says. “In addition, the subsequent economic downturn and softening in hospitality and residential demand made a large-scale Midtown project all but impossible.”

The presentation says the project now has “a clear path to financing.”
https://www.crainsdetroit.com/real-estate/plans-mid-development-scaled-back-midtown

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  #44  
Old Posted Oct 19, 2024, 8:51 AM
isoamazing isoamazing is offline
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Quote:
Originally Posted by DetroitMan View Post
Plans scaled back for large mixed-use project near Detroit's Whole Foods


https://www.crainsdetroit.com/real-estate/plans-mid-development-scaled-back-midtown
I just realized they took out my favorite part, the longer glass building that was sitting along Woodward.
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  #45  
Old Posted Oct 21, 2024, 5:36 PM
Michigan48 Michigan48 is offline
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The height for this is now 273 and 166 at 20 and 15 stories per Crains.
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  #46  
Old Posted Oct 21, 2024, 6:11 PM
iheartthed iheartthed is offline
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More than two parking spaces per room seems excessive.
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  #47  
Old Posted Oct 21, 2024, 7:45 PM
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Illithid Dude Illithid Dude is offline
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A decent project but my god they need to think of a better name. The jokes write themselves.
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  #48  
Old Posted Oct 24, 2024, 5:38 PM
Michigan48 Michigan48 is offline
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Originally Posted by iheartthed View Post
More than two parking spaces per room seems excessive.
Its 485 spaces for over 400 residential units and the over 200 hotel rooms.
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