X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DETROIT-A long delayed project in Detroit’s Mexicantown area may see construction activity this summer. A project to develop a state Welcome Center in Mexicantown in southeast Detroit, within sight of the Ambassador Bridge that connects Detroit to Windsor, Ontario, Canada, has been approved for a state tax credit to help spur it along.

The project calls for a private development company, Mexicantown Commercial Properties, to redevelop a vacant, partially tax-reverted property into a new visitor center for the state and a connected retail center that will feature goods and restaurants in keeping with Mexicantown’s heritage.

Located about 500 feet from the US-Canadian border, the Mexicantown International Welcome Center will have a projected 1.8 million visitors a year upon completion. State and local tax capture valued at more than $1.3 million will help prepare the property for development.

Located next to the Welcome Center, in a separate building, will be Mercado, the retail center. The total cost of the two-building development is pegged at $14 million. Construction is hoped to begin in June, according to the Mexicantown CommunityDevelopment Corp. A completion date has not yet been set.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.