Developer proposes 350 apartments across from Midtown Whole Foods
Jonathan Holtzman, the co-founder and CEO of Farmington Hills-based City Club Apartments LLC, is proposing the three-building project as part of a broader 7-acre site at the southeast corner of Woodward Avenue and Mack Avenue.
The project, currently dubbed City Club Apartments Midtown, would also include 41,500 square feet of restaurant, cafe, bank and retail space plus 186 underground parking spaces, according to a Tuesday evening presentation to the Brush Park Community Development Corp. that was obtained by Crain’s.
Robert Platt, chief investment officer for City Club Apartments, hinted at the project last summer when he was profiled as a Crain’s 40 Under 40 honoree.
The City Club Apartments Midtown development is one of three known projects Holtzman’s company is working on.
The first, the redevelopment of the former Statler Hotel site on Grand Circus Park, is a 288-unit ground-up development that began in 2017 at 313 Park Ave.
The second is a $25 million renovation of the Elmwood Park Plaza tower at 750 Chene St., which is being renamed City Club Apartments Lafayette Park.
City Club Apartments formed in 2016 after Holtzman and his former company, Village Green Cos., which is now based in Southfield, parted ways.
Holtzman and Canadian investor Alan Greenberg are partners on City Club Apartments, which has developments in the pipeline in Detroit and a half-dozen other Midwestern cities.
City Club Apartments also owns Renaissance City Club Apartments at 555 Brush St. and Detroit City Club Apartments at 1431 Washington Blvd.
Farmington Hills-based Howard Schwartz Commercial Real Estate LLC is handling South of Mack Avenue parking deck retail leasing while Farmington Hills-based Friedman Real Estate is working on the City Club Apartments retail leasing.
Also included in the project are a parking garage with retail space designed by Neumann/Smith Architecture, which is under construction on the southern portion of the site, and a $46 million AC Hotel, part of the Marriott International hotel chain, developed by Detroit-based Roxbury Group.
Immediately north of the Whole Foods, a development group spearheaded by Ciena Healthcare CEO Mohammad Qazi proposed a pair of high-rise residential and hotel buildings plus retail space, although that project — announced in March 2019 — has yet to get out of the ground.
A previously planned condominium component has been scrapped since the project was unveiled.
“It’s a great anchor for that part of Midtown,” said David Di Rita, principal of Roxbury Group.
“My view has been for some time that Mack and Woodward is going to emerge as the downtown Midtown, if you will, and I think that will become really clear with the development we’re doing, Jonathan’s doing and that Peter Cummings and Chris Jackson are doing. If you think about that, it’s really building on the great work that Peter’s organization did a decade or more ago in developing the (Max M. and Marjorie S. Fisher Music Center), the Ellington, and with the wave of projects we are hopeful will come to fruition the next year or two, people will see the strength of that.”
Posted By: Crain’s Detroit Business on July 22, 2020. For more information, please click here to read the source article.
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