(Read more on the multifamily market.)
DETROIT-A major announcement has been made regarding developmentin the Downtown--the Northern Group Inc., a New York City-basedowner of a few Detroit landmark buildings, has said it will buildtwo 24-story towers that will hold 84 apartments and more than142,000 sf of retail. The $150-million Cadillac Centre will occupythe entire Monroe Block Downtown, between the Compuware WorldHeadquarters and the Cadillac Square Park, in the redevelopedCampus Martius neighborhood.
The project will include the 24-story Skyloft Towers, which willhold 48 of the apartments; a 30,000-sf market, a cinema, more than100,000 sf of retail space, a 14,400-sf health club and spa, 25,000sf of boutique and specialty shops and a 40,000-sf public park. Thetop of the building will feature a 22,000-sf living roof, whichwill collect and filter rainwater and help control energyconsumption, said Northern executives in a press release on thedevelopment.
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