Historic Factory In Detroit Will Be Converted To Mixed-Income Housing Units
Detroit’s historic factory Fisher Body Plant 21 will now become mixed-income housing units.
According to The Detroit News, on March 7 city officials announced the abandoned factory will include 400 units with an investment of $134 million. Mayor Mike Duggan said in a press conference, "It is very exciting to be able to save this historic landmark and put it to work for the residents of this city for decades to come.”
The construction will be one of the first Black-led projects in the city’s history. Developers Gregory Jackson of Jackson Asset Management and Richard Hosey of Hosey Development will manage the project.
The Detroit News reports 20% of the units, which includes studios, one- and two-bedroom apartments, will be at or below 80% of the area median income. The city's Planning & Development Department will meet with residents next month.
Construction for the 600,000-square-foot building will begin next year and is expected to be completed in 2025.
