When first annouced earlier this year, it was hoped that the Cadillac Centre would provide a new center of culture in Downtown Detroit.
Detroit’s Downtown Development Authority approved a development agreement Wednesday with New York-based Northern Group Inc. to be ready within 18 months to build a $150 million entertainment, retail and apartment complex, called Cadillac Centre, on the Monroe Block near Campus Martius.
Campus Martuis is in a prime location downtown, and the plan was to build two all-glass towers over 20 stories tall with apartments and condos, and retail on the first floor.
But it doesn’t look like that will happen anymore.
Instead of a $150-million project with housing, entertainment, restaurants and more, New York-based Northern Group Inc. is now proposing to build a “dressed-up parking garage” for $40 million and nothing more, Jackson said.Unless Northern Group agrees to build what it originally promised, the deal appears dead, Jackson said.
Two new downtown highrises like we are always seeing in New York and Chicago and even Madison? It sounded too good to be true.
I’m trying to find more background information on why this is happening–besides the obvious “it’s detroit” answer. Stay tuned…
