Here are a few of the stories we've been following in Detroit over the last couple weeks.
Westin Book Cadillac heading to foreclosure
The owner of the Westin Book Cadillac, John Ferchill, told Crain's this week that the hotel is heading to foreclosure. The property is currently $77 million in debt. Ferchill says they've tried to work with the lender, and that the COVID restrictions led to the sharp decrease in revenue. The Book Cadillac went through a major renovation in 2008 - the first in a long time in downtown Detroit.
Woodward road diet in Oakland County
Bike lanes and parking spots could be coming to a stretch of Woodward Avenue in Ferndale and Pleasant Ridge. The Pleasant Ridge City Commission and Ferndale City Council approved a grant application for a Woodward Road Diet, which would happen in 2022. One lane of traffic each way would be turned into a protected bike lane and parking spots. This would cut down on the length of street pedestrians have to walk across by 8-10 feet. There would also be improvements at certain sidewalks and transit stops. The work coincides with MDOT's plan to resurface Woodward Avenue in 2022.
New residential in the works near the DIA
American Community Partners is working on a new mixed-income development a few blocks north of the DIA, according to Crain's. The group is planning to build a 250-unit residential development on two acres of land, which is currently owned by the Detroit Land Bank. Construction would start next year. American Community Partners are working on a few developments around Detroit, including Brush + Watson. There hasn't been a lot of activity in this particular area near I-94, but surrounding areas including Midtown, Milwaukee Junction, and New Center have seen a surge of development in the past six years.
The State Fair's bandshell will find a new home
Instead of demolition, the bandshell at the State Fairground will be moved to another park, according to the city. The new home will likely be nearby Palmer Park. Amazon is building warehouses at the site, and it's still unclear whether other buildings will be demolished, kept, or moved.
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