A new development far outside of the city's downtown core has broken ground. On East Warren, the Ribbon will bring 18 affordable apartments to the East English Village and Morningside neighborhoods.
The $8.2 million development is led by Flux City Development. It's part of the city's Strategic Neighborhood Fund, which helps neighborhoods around the city with development, streetscaping, and other improvements. It also received funding from the Detroit Housing for the Future Fund (DHFF), Capital Impact Partners, and the Michigan Economic Development Corporation, as well as a DHFF Developers of Color Matching Grant.
“I can’t think of a better first project for Flux City.” said Edward Carrington of Flux City Development. “I am grateful for the support of both the Detroit Housing for the Future Fund and the Strategic Neighborhood Fund and other partners that helped make this a reality. I’m also thankful for the support of my new neighbors along the East Warren corridor. This is going to be the place to be in Detroit.”
14 of the apartments will be listed for those making up to 80% Area Median Income (AMI), while the other four will be at 60% AMI.
A bank building was razed for the construction. The development will also include retail on the main floor, with a location for Gajiza Dumplings.
“This is one of the most significant changes to the landscape here in decades” said Joe Rashid, executive director of the East Warren Development Corporation. “We already are seeing renewed interest in commercial leasing due to the streetscape improvements. The Ribbon will add a lot of new neighbors and more excitement to the area, and those of us in East English Village and Morningside can’t wait to welcome them.”
The development is expected to be completed in fall of 2024.
