Olympia unveils $200M redevelopment over six projects in District Detroit

DETROIT (WJBK) - Olympia Development announced on Monday six new projects proposed for the District Detroit development surrounding Little Caesars Arena.

Olympia announced the six projects, which includes the restoration of three vacant historic buildings and the construction of three new mixed-use buildings near the arena. The project will launch phase two of the development and create hundreds of jobs, according to a press release from Olympia.

The investment of nearly $200 million will bring more than 400,000 square feet of office space and nearly 70,000 square feet of street-level retail space to The District Detroit. 

“We are enthusiastically building on the incredible success of Little Caesars Arena and the upcoming opening of the new Little Caesars world headquarters campus expansion, the Mike Ilitch School of Business at Wayne State University and the launch of the Columbia Street shopping and dining destination,” said Christopher Ilitch, President and CEO of Ilitch Holdings, Inc. “This new investment puts the focus on the redevelopment of historic buildings while bringing high-demand retail and office space that will contribute to Detroit’s economy.”  

Construction of the District Detroit has already created over 20,000 construction and construction-related jobs and more than 3,000 permanent jobs.

Here are the buildings that will be either developed or built:

2210 Park Ave. - The former Detroit Life Building, a 10-story historic office building built in 1922, would be transformed into 32,000 square feet of office space and 6,000 square feet of streetlevel retail space just north of Columbia Street. Detroit-based Kraemer Design Group has been selected to design this $17 million renovation. 

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1922 Cass Ave. - This six-story, Albert Kahn-designed historic building would be renovated into 66,000 square feet of office space and 8,000 square feet of street-level retail space. With roots dating back more than 100 years, the site once included a carriage and wagon shop and later, a machine and engine shop. Detroitbased Albert Kahn Associates has been selected to design this $23 million renovation. 

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2110 Park Ave. - The interior of this six-story historic building would be renovated into 47,000 square feet of office space and 10,000 square feet of street-level retail space.  Detroit-based Kraemer Design Group has been selected to design this $25 million renovation.   

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NEW CONSTRUCTION

2715 Woodward Ave. - This proposed $65 million development between Little Caesars Arena and Mike Ilitch School of Business at Wayne State University would include 110,000 square feet of office space and 17,000 square feet of street-level retail space.  

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111 Henry St. - This proposed $20 million mixed-use office, retail and parking development would be completed with 50,000 square feet of office space and 7,000 square feet of street-level retail space. It would continue to build on the success of Henry Street’s popular retail and restaurants. Previously designated as residential, this property is now envisioned as office space to meet surging demand for Class A office space in Detroit.   

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120 Henry St. - This proposed $48 million project would be developed adjacent to Chevrolet Plaza at the new Little Caesars Arena. The development includes 100,000 square feet of office space and 20,000 square feet of street-level retail space. Previously designated as residential, this property is now envisioned as office space to meet surging demand for Class A office space in Detroit. 

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