US: Investors have made a $1.5 million offer to buy a piece of city-owned land to build a 118-room boutique hotel, a 700-space car park and a high-rise residential complex.
The site, on Washington Boulevard across from Grand Circus Park, was formerly home to the Statler Hotel, which was demolished in 2005. The new hotel will carry the Joie de Vivre flag, part of Commune Hotels & Resorts.
The vacant site is part of the 45-block entertainment district that will be anchored by the new home arena for the Detroit Red Wings.
One of the investors, Derek Brown, founder and president of Detroit developer Quorom Commercial said: “We hope this energises immediate meetings, because we are ready.”
The other investors are William McCrary, and James Miller, owner of Detroit’s Miller Parking Services. They have formed the Downtown Detroit Executive Hotel Complex LLC for the project, which they have named the Fitzgerald Place complex. They say they have gained exclusive rights to the Detroit market of the Commune hotel brands.
“We’ve been working on this plan for four years and we are excited to see that investors are looking at Detroit as a good opportunity,” said McCrary.
An Aloft property is also planned for nearby Grand Circus Park.