Detroit’s former Fisher Body plant to become mixed-income housing

Detroit – The Fisher Body Plant 21, a historic factory and a symbol of blight for the last 25 years, is poised for redevelopment.

Mayor Mike Duggan joined developers and city officials Monday to announce plans to turn the abandoned manufacturing facility into 400 mixed-income housing units.

The $ 134 million project, dubbed the Fisher 21 Lofts, is believed by city officials to be the largest African American-led project in Detroit’s history.

“It’s 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,” Duggan said Monday, standing with developers Gregory Jackson of Jackson Asset Management and Richard Hosey of Hosey Development.

The building, along the heavily traveled intersection of Interstates 94 and 75, will be reborn into 433 apartments with a new retail district, according to city officials.

Construction could begin as early as 2023, officials said. The project is pending City Council approval of the sale.

The project triggers the city’s community benefits ordinance, which requires developers to work out a benefits package for the community. The city’s Planning & Development Department plans to begin meetings with residents next month.

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