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The
historic
building
will
retake
its
rightful
place as
a gem of
Detroit's
skyline.
(Credit:
Hobbs +
Black) |
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Detroit-based,
African
American-led
development
team
turning
historic
skyscraper
into 148
market-rate
and
affordable
apartments
DETROIT
–
Leaders
from
Bagley
Development
Group,
Olympia
Development,
and the
U.S.
Department
of
Housing
& Urban
Development
kick off
the
transformation
of a
long-vacant
skyscraper
that
will
bring
attractive
market
rates
and
affordable
housing
along
Detroit's
Grand
Circus
Park.
The $75
million
project
will
turn the
former
United
Artists
Building
into the
Residences
@ 150
Bagley.
The
project
is led
by the
Detroit-based,
African
American-led
development
team of
Bagley
Development
Group,
revamping
the
nearly
100-year-old
building
at 150
Bagley
St. into
148
apartments,
of which
20
percent
will be
reserved
as
affordable
housing
at 80
percent
area
median
income.
In
addition
to
market-rate
and
affordable
apartments,
the
renovated
building
will
feature
about
10,000
square
feet of
street-level
retail
and
dining
space
along
Bagley
Street.
(Credit:
Hobbs +
Black)
The one-
and
two-bedroom
units
will be
up to
1,300
square
feet,
along
with
approximately
10,000
square
feet of
retail
and
dining
space
along
with the
street
level,
adding
to the
growing
number
of
shopping
and
dining
options
downtown.
The
building
is
slated
to open
in late
2023.
Bagley
Development
Group is
comprised
of
Emmett
Moten,
Scott
Allen,
Larry
Brinker
Sr., Tom
Goss,
Richard
Hosey,
Roy
Roberts,
and Jim
Thrower.
They
combined
have
decades
of
development
experience
in
Detroit
and have
helped
save a
number
of the
city's
vacant
historic
buildings,
including
the Fort
Shelby
Hotel,
Farwell
and
Capitol
Park
buildings,
and
soon,
the
Fisher
Body 21
plant.
"My
partners
and I
are
honored
to
develop
Residences
@150
Bagley
in such
a
vibrant,
downtown
community,"
said
Moten,
the
group's
managing
partner.
"Residences
@ 150
Bagley
represents
the
perfect
model
for
urban
development,
with the
public
and
private
sectors
working
collectively
to
benefit
the
community.
(Photo
by HB
Meeks/Tell
Us
Detroit)
"Residences
@ 150
Bagley
will
become a
flagship,
residential
development
in The
District
Detroit
as it
will
honor
the past
while
creating
the next
step in
downtown's
exciting
future."
The
historic
building
will
retake
its
rightful
place as
a gem of
Detroit’s
skyline.
Credit:
Hobbs +
Black
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