07/23/2013 12:30 pm ET

$60M East Riverfront Development In Detroit To Bring Housing, Streetscape | Detroit Free Press

A national developer plans to build five blocks’ worth of apartments, town houses and small-scale retail on Detroit’s east riverfront, one of the biggest such projects since the recession and a bet by the company that urban living in Detroit will remain popular with some young professionals.

The $60-million project would fill mostly vacant land east of the Renaissance Center, north of Atwater Street and just west of the popular Dequindre Cut Greenway. The proposed mix of three- to four-story town houses and apartment buildings could offer monthly rental rates of about $850 up to $1,700.

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