Here are a few of the stories we're watching this week.
Permits at former Joe Louis site
Work has been quietly moving along at what could be one of the most visible new developments in the city. Building permits have been issued at the former Joe Louis Arena site along the riverfront. The nine-acre site will see a 25-story high-rise with as many as 500 apartments. The development is also likely to have a hospitality component with hundreds of hotel rooms, as well as office space in a 20-story high-rise. Sterling Group now owns the land after a complex series of deals dating back to Detroit's bankruptcy. Crain's Detroit Business
Rihanna's Savage x Fenty coming to downtown Detroit
In really good retail news, Savage x Fenty announced last week that the company is opening retail locations in six cities across the U.S., including Detroit. Rihanna's lingerie brand announced the news on its Facebook page. Although not confirmed by Bedrock, it looks like the store will be coming to lower Woodward near Cornerstone Barrel House. Multiple retailers have opened (and closed) downtown in the past six years, and a Gucci store is expected to open downtown. Detroit News
Business support along Grand River
A new business alliance is developing on Grand River Avenue, from downtown through Grandmont Rosedale to Five Points. The alliance is intended to help small businesses access resources, align on beautification efforts, and network. The Grand River Business Association will co-host a block party that will coincide with Juneteenth. Model D
Fairlane Town Center under new ownership
Malls across metro Detroit are adapting to the times; Eastland is being demolished for industrial and warehouse space, Oakland will rebrand under a new, young owner, and Fairlane could also see some significant changes in the near future. Dallas-based Centennial has confirmed the purchase of the mall, and plans include a more mixed-use approach, with housing options and possible medical tenants. Detroit Free Press
