A new affordable housing development could break ground on a vacant lot in the Cass Corridor in late 2022. Representatives from the Platform and Related Affordable presented preliminary plans to community members on Tuesday evening.
The development will be located at the corner of 3rd and Charlotte, close to the Masonic Temple, the new Temple Hotel, the District Detroit, and Cass Tech. It would include 83 residential units offered at 60% Area Median Income, which is currently about $34,000 for one person and $48,000 for a family of four.
A preliminary rendering presents the three-story building as an L-shape at the corner of 3rd and Charlotte, with parking behind the building and connecting to an existing alleyway. The first floor could have a glass front. The development would have a mix of studios, one-bedroom, and two-bedroom apartments. Amenities could include a fitness room, bike storage, and meeting rooms for residents. Reps noted that design is still in process and this is not the final design.
Developers will be applying for MSHDA Low-Income Housing Tax Credit financing in spring of 2022, with approvals expected in early summer.
Alison Carey from Related Affordable said that the New York-based group is excited for the project for its close proximity to area institutions, employers and transit, and that it protects affordability for Detroiters. They also want to ensure energy and water efficiency in the design and features in the building.
Related was founded by Stephen Ross, who made a huge announcement last week as its Detroit Center for Innovation, a partnership with the University of Michigan, will be located in the District Detroit.
The Platform has led numerous developments in New Center and Milwaukee Junction. They're also partnering on Woodward West, which will bring retail and over 200 apartments along Woodward Avenue across from Brush Park.