For months, the city of Detroit had identified parcels on Bagley Street behind Michigan Central Station as prime real estate for development. Not only is the long-abandoned train station being redeveloped by Ford, but the vacant land sits across from Honey Bee Market on a well-trafficked street.
Yesterday, it was announced that Detroit-based Woodburn Partners will develop the site and turn it into 60 apartment units and 5,000 square feet of retail. The project will cost around $16 million and is slated for completion in late 2020…Continue Reading or Check Out Our Exclusive, Off-Market Real Estate Investing Opportunities!
