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. (Photo by HB Meeks/Tell Us Detroit)
   

 

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The historic building will retake its rightful place as a gem of Detroit's skyline. (Credit: Hobbs + Black)

  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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