The Plaza is a $24 million redevelopment of the former Professional Plaza building in Midtown Detroit. Originally constructed in 1966 as the first phase of a medical center office master plan and later dubbed the “Hammer & Nail” Building for the iconic neon sign that once lit the building's top, the restored Plaza includes 72 residential units and 2000 square feet of first floor retail. Financing included the utilization of brownfield tax credits, federal historic tax credits and lending support through Capital Impact Partners and the Michigan Strategic fund.