When Little Caesars Arena was announced and received $300 million in public subsidies, in turn, Olympia Development guaranteed millions of dollars in spinoff development. One of those promises was the Eddystone Hotel, an abandoned hotel near Woodward Avenue built in 1924. Plans called for the 13-story building to be converted into 96 apartment units, 20 percent of which would be designated as “affordable.”…Continue Reading or Check Out Our Exclusive, Off-Market Real Estate Investing Opportunities!
