Up to $19 million in Detroit Brownfield Redevelopment Authority tax-increment financing incentives has been approved by Detroit City Council for four projects totaling $155 million in investment.
The projects approved are:
• The new 195,000-square-foot Wayne State University Physician Group medical office building at 3800 Woodward Ave. in Midtown. The $73 million development will receive up to $8 million in tax incentives. It will also include a 624-space parking deck. The building would also include retail space.
• The $33 million mixed-use project by Detroit-based Queen Lillian II LLC at 3455 Woodward Ave. and 13 Stimson St. that will include 25,000 square feet of retail space, 68 one- and two-bedroom apartments and a 230-space parking deck. The developer received up to $5 million in tax incentives. Developer Chris Jackson is the principal of Queen Lillian.
• The $30 million three-building DuCharme Place development at 1544 E. Lafayette St. between Rivard and Orleans streets that will include 185 one- and two-bedroom apartments and 267 parking spaces. The developer, DuCharme Place LLC, received up to $5 million in tax incentives. DuCharme Place is registered to Walter Cohen, who along with Chicago-based Aparium Hotel Group is redeveloping the former Detroit Fire Department headquarters across from Cobo Hall into a $28 million boutique hotel.
• The $19 million, 365,000-square-foot Comprehensive Logistics Co. distribution warehouse and office building redevelopment at 9400 McGraw St., near Ford Road and Wyoming Street, received up to $1 million in tax incentives. The Detroit-based company also received an $800,000 performance-based grant from the state from the Michigan Strategic Fund for the project in October.
The Brownfield Redevelopment Financing Act allows tax-increment financing to be used to redevelop contaminated, blighted, obsolete or historic properties.
