Developer Greatwater Opportunity Capitol shared their plan for a mixed-use development in Detroit’s Midtown district.
This $14 million project at 3740 Second Ave. is the first new construction project for the development firm. The building will replace two raised multi-panel solar panels on an otherwise empty fenced lot.
The nearly 40,000 square foot development that corners Brainard Street will include 33 studios and 24 one-bedroom apartment units. The building will also feature a first floor commercial space, secured parking and a bike room.
“Midtown is one of the strongest, most walkable communities in Detroit and we’re excited about bringing much-needed additional housing to the neighborhood,” Greatwater co-founder Jed Howbert said in a statement. “Our work is about much more than renovation and building structures — it’s about doing our part to build neighborhoods that can thrive for generations to come.”
Twenty percent of the units will be at affordable rent levels for residents earning 80% of the area median income.
Construction is underway and is expected to be completed in spring 2025.
Other headlines for Sept. 14, 2023:
- GM makes new contract offer to UAW as strike deadline looms
- Detroit Mayor Duggan presents tax reform plan to Michigan Legislature
- Pewabic is celebrating 120 years of Detroit pottery this weekend
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