Revitalizing Lee Plaza: A New Chapter for Detroit
DETROIT (WXYZ) — The **redevelopment** of the iconic **Lee Plaza** in Detroit has officially begun, marking a significant milestone in the city’s ongoing transformation. This initiative aims to breathe new life into a building that has been vacant for nearly three decades.
Groundbreaking Celebration Marks New Beginnings
On a sunny Tuesday, community leaders and project partners gathered at the **vacant high-rise**, located on W. Grand Boulevard, to celebrate the **groundbreaking** of a long-planned project. The restoration of this **Art Deco-style** building is expected to provide **affordable housing** for seniors, addressing a critical need in the region.
City of Detroit
A Look Back: The Historic Lee Plaza
Lee Plaza, originally opened in **1929** as a luxury residential hotel, was developed by Ralph T. Lee. The structure has stood as a symbol of elegance and style in Detroit, yet it has fallen into a state of disrepair over the past **30 years**. The redevelopment project aims to restore this architectural gem to its former glory.
The building will ultimately feature **117 units**, specifically designed for seniors earning at or below **50% of the area median income**. According to the city, residents will not pay more than **30%** of their income on rent, ensuring **affordability** for at least **45 years**. This commitment to affordable living is especially crucial given the rising housing costs across the country.
City of Detroit
Complex Financing Ready for Renovation
A **complex financing package** was secured last week, enabling the developers to commence restoration work shortly thereafter. This careful financial planning demonstrates the **commitment** to seeing this project through to completion. Phase one will focus on rejuvenating the existing structure, while a second phase promises to introduce an additional **65 units** on the upper five floors.
Mayor **Mike Duggan** emphasized the historical and community significance of Lee Plaza in a recent statement: “Lee Plaza is one of the most beloved buildings in our city, not only because of its architectural beauty, but because it’s in a neighborhood.” Other partners, including Roxbury and housing authorities, have played vital roles in bringing this project to fruition.
City of Detroit
Job Creation and Economic Impact
The redevelopment project is expected to create over **200 construction** and **permanent jobs**, significantly contributing to the local economy. This influx of employment opportunities will not only benefit the immediate community but also bolster Detroit’s overall economic recovery.
A Vision for the Future
Set to be completed by late **2026**, the restoration of Lee Plaza represents much more than just a new housing complex. It encapsulates a broader vision for urban revitalization in Detroit, aiming to enhance the quality of life for its residents.
For those interested in learning more about the fascinating history and future of Lee Plaza, additional information can be found by **visiting historicdetroit.org**.