The city has recently approved plans for the mixed-use development, which is expected to start construction in the spring. The city has also OK'ed a plan by developer Hakim Fakhoury of Dearborn to build "Gateway Plaza," a mixed-use development with eight storefronts at ground level and eight 1,500-sf lofts along Michigan Avenue in the city.
Fakhoury says 52 applicants already have applied for the lofts that will rent for $1,500 and $1,600 a month. "Economics is a factor, obviously," Fakhoury says. "My biggest concern was the anchors." All of the storefronts along the Michigan side of Gateway Plaza have already been leased.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more information visit Asset & Logo Licensing.
