Woodward West is a $60.4 million-dollar development of a 1.85-acre parcel in Midtown Detroit and qualifies as an Opportunity Zone investment.  The development

The devlopment is well-positioned in the heart of Detroit’s activity, walking distance to the Sports & Entertainment District – home to the

Detroit Pistons and Red Wings, Wayne State University, Midtown’s cultural institutions, a host of restaurants and other neighborhood amenities.

Featuring 204 residential units and ~25,000 sf of retail over its five floors, Woodward West is a true class-A offering in amarket sorely lacking that level of quality and finish.   With submarket residential occupancy of 98%, Woodward West

responds to the strong market demand for high quality rental apartments near jobs, higher education, and amenities.

This development benefits from strong local and state government support. The City of Detroit is selling the land at a

below-market basis and the project benefits from both tax abatements and Brownfield Tax Increment Financing. In addition,

the capital stack includes $7.5 million in the form of a low-interest (3%) subordinated loan from the Michigan Economic

Development Corporation and the City of Detroit.

This is another project of The Platform, once of Detroit premier developers.

https://www.theplatform.city