The state is providing money through brownfield tax credits, which are used by the state to help redevelop blighted properties. The projects also earned local incentive dollars. The Detroit projects include:

* The College for Creative Studies will use $22.2 million to turn the Argonaut Building, at 485 W. Milwaukee Ave. in Detroit's New Center, into a mixed-use campus for art and design education. General Motors is donating the building to the college for the $120 million project, which will include retail and office space.

* A developer, FRBD LLC, will take a $1.3 million tax credit to convert the Federal Reserve Building at 160 W. Fort St. into 84 one and two-bedroom apartments with retail and commercial space for $20.2 million.

* About $4 million in tax credits will help Norstar Development USA put together a mixed-use redevelopment of Herman Gardens Public Housing Complex at Joy Road and the Southfield Freeway. A total of 186 units will be completed in three phases in the next five years. This is part of a $227 million Detroit Housing Commission project to renovate and develop 920 mixed-use housing units and the NFL Boys and Girls Club.

* The former Studebaker Manufacturing Facility and the Detroit Artillery Armory on Piquette Street will be redeveloped with a new four-story building with 150 housing units for homeless veterans, and retail and commercial space. The project by Southwest Housing Solutions is expected to cost $20 million.

* Tireman & Epworth Properties are using almost $1 million in cleanup funds to redevelop 7.3 acres at Tireman and Epworth streets to support Parts Galore, an auto parts salvage business and towing company, for $2 million.

* Urban Development Co. LLC will take $1.5 million in tax credits to transform the former Globe Trading Building and Detroit Dry Docks Engine Works on Atwater Street into a mixed-use development with 64 loft condos, 28 loft apartments, retail space and indoor parking. The $17-million project will go up next to a planned Department of Natural Resources park along the Detroit River.

* A state brownfield tax credit valued at $2.2 million will help North Woodward Garden Block Development in its restoration of the Garden Theatre and the Blue Moon Building at Mack and Warren avenues. A new, three-story building will be constructed for $29 million, with retail and commercial space.

Also, more than $55 million of state and local funds will support a multi-phased, mixed-use development across 12 sites along Michigan Avenue between Howard and Military Streets in Dearborn. The $125 million project by Dearborn Village Partners will include two 10-story condos and retail.

Instant Insights /

Mich. State Approves Funds for $560M in Projects

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