City of Detroit RFP: Prime Eastern Market Development Opportunity

Vacant Land for Sale
Sale Pending
Catylist Listing ID: 30646002
Property Subtypes: Multi-Family
Status: Pending
Gross Land Area: 41,948 SF
Sale Price: See Agent
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/2/2022

Overview / Comments

(NOTE: See attached RFP for further details)

KEY DATES:
- Release Date: Monday, August 31, 2020
- Pre-Submission Conference: Wednesday, September 9, 2020 at 10:00 am Zoom Webinar - https://cityofdetroit.zoom.us/j/97903311476
- Proposal Submission Deadline: Friday, October 30, 2020 by 5:00 pm

In partnership with the Detroit Building Authority (DBA), the City of Detroit’s Housing and Revitalization Department (HRD) and Planning and Development Department (P&DD) seek responses from qualified development teams to construct a new mixed-use, mixed-income housing development in the Eastern Market area. The development site (“Property”; “1923 Division”) is located at the northeast corner of Division and the Dequindre Cut Greenway in Detroit, MI. The Property is comprised of one parcel (1923 Division) and measures approximately 0.963 acres (41,948 square feet).

The development of this site will create a model for future private development along the Dequindre Cut Greenway, therefore the City of Detroit will consider submissions for a catalytic project that:

1. Includes sustainable design principles,
2. Incorporates ground floor commercial space
3. Provides mixed-income residential opportunities (approx. 124,369 GSF proposed), and
4. Creates publicly accessible frontage at the Dequindre Cut level that extends the Dequindre Cut’s public space via courtyard and/or setback.

Attachments & Media

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Wayne
Submarket/Township: Detroit E of Woodward
Taxing Authority: City of Detroit
Tax ID/APN: 09001358.
Zoning: M3
Property Visibility: Excellent
Legal Description: N DIVISION LOTS 13 THRU 15 MRS MARY VELLGERS RE-SUB L4 P37 PLATS, W C R 9/209 16 1 THRU 4 W 2 FT 5 AND VAC ALLEY ADJ PLAT OF PT OF WITHERELL FARM L41 P450 DEEDS, W C R 9/53 41,945 SQ FT
Area Description: The Property is a prime location for mixed-use development, and sits within the Eastern Market neighborhood. Centrally located near Lafayette Park and Downtown Detroit, Eastern Market, houses a working food market and has a rich food manufacturing and retail history. The property offers close proximity to the public market and the Dequindre Cut Greenway, two of the City’s hottest assets. The Property is adjacent to many new businesses and would provide the ideal setting for a new housing development. The Property is generally bounded by Alfred to the north, Division to the south, Dequindre Cut Greenway to the west, and St. Aubin to the east. The Property is close to I75 and I-375 and is two blocks from Gratiot Avenue. The Eastern Market area has been studied and a Framework Plan developed to create strategies for community and economic development. The plan focuses on area history, current conditions and includes valuable insights for those considering development in the area. Through the framework planning process, The City of Detroit and community stakeholders identified the need for development products that address gaps in the housing stock in and near Eastern Market. The subject Property emerged as a top development priority for the City of Detroit given its visibility and proximity to the Dequindre Cut Greenway and ability to serve as a model for future development.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,346 111,536 310,910
Median Age: 41.57 38.92 35.14
Households: 9,856 51,041 120,430
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