The revitalization of Detroit’s historic Corktown neighborhood took another step forward Tuesday with groundbreaking for “The Corner,” a $30-million mixed-use project that will fill in the final piece of the old Tiger Stadium site.
Headed by developer Eric Larson of Larson Realty Group, the mid-rise project will feature 111 rental apartments, including studio, one- and two-bedroom units, and about 26,000 square-feet of retail fronting Michigan Avenue at Trumbull.
To comply with city wishes to keep Detroit affordable for longtime residents, plans call for 20% of the apartments to be leased at rates geared to renters whose incomes are no more than 80% of area median income. And 60% of the retail space will be leased at half the going market rate to small local retailers.
Corktown, of course, remains one of Detroit’s most historic neighborhoods, and its rapidly evolving character captures something about the state of the city today, poised between past and future.
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