Roxbury is in the predevelopment phase of an approximately $21 million redevelopment of the former Professional Plaza building in Midtown Detroit. Plans call for the conversion of the 100,000 square foot medical office building into 72 market rate residential units and 2000 square feet of first floor retail. The project finance will include utilization of brownfield tax credits, federal historic tax credits and state lending support through the Michigan Strategic fund. Current plans call for completion of design development and financing by the end of 2015, with construction completion by the end of 2017.
Copyright 2014 The Roxbury Group. All rights reserved, except when otherwise noted.