City of Detroit issued the following announcement on Mar 7.
The long-vacant Fisher Body 21 plant is getting a makeover!
Today Mayor Mike Duggan and Detroit City Council President Mary Sheffield joined Detroit-based developers Gregory Jackson and Richard Hosey to announce a plan to redevelop the abandoned Fisher Body 21 plant into hundreds of new apartment units and a public market.
The 600,000 sq. ft. structure in the Medbury Park neighborhood has been one of the city's largest and most notorious abandoned former auto industry plants for 25 years. The building will be redeveloped as 433 apartment units, 20% of which will be affordable housing. The project is expected to pave the way for more developments in the area by creating affordable housing and a new shopping hub.
"For almost 30 years, Fisher Body 21 has loomed over the I-94 and I-75 interchange as an international poster child for blight and abandonment in our city,” Mayor Mike Duggan said. “For much of that time, demolition seemed like the likely outcome because the idea of finding a developer willing to renovate and reuse it seemed impossible. But it's a new day in Detroit, and we have a team of outstanding developers led by two Detroiters — Greg Jackson and Richard Hosey — who are going to transform this vacant eyesore from a source of blight to a source of beauty and opportunity, bringing new housing for Detroiters of all income levels."
This $130 million project, overseen by Jackson Asset Management and Hosey Development, is believed to be the largest in Detroit to be led by Black developers in the city's history. Following City Council approval, construction is expected to begin later this year.
Original source can be found here.
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