Both Crain’s Detroit Business’s Kirk Pinho and WDIV Local 4’s Ken Haddad report that Olympia Development has announced the “next phase” of their District Detroit project:
Olympia Development has announced plans for the second phase of their District Detroit development.
Olympia announced six projects including the restoration of three vacant historic buildings and the construction of three new mixed-use buildings near Little Caesars Arena in Downtown Detroit.
The $200 million investment will create more than 400,00 square feet of office space and nearly 70,000 square feet of street-level retail space.
“We are enthusiastically building on the incredible success of Little Caesars Arena and the upcoming opening of the new Little Caesars world headquarters campus expansion, the Mike Ilitch School of Business at Wayne State University and the launch of the Columbia Street shopping and dining destination,” said Christopher Ilitch, President and CEO of Ilitch Holdings, Inc. “This new investment puts the focus on the redevelopment of historic buildings while bringing high-demand retail and office space that will contribute to Detroit’s economy.”