St. Louis-based developer McCormack Baron Salazar is planning a five-block riverfront project near the to-be-redeveloped Globe Building, east of the Renaissance Center, that envisions a neighborhood-style mix of three-to-four story townhouse and apartment buildings.
Freep: The $60-million project would fill mostly vacant land east of the Renaissance Center, north of Atwater Street and just west of the popular Dequindre Cut Greenway. The proposed mix of three- to four-story town houses and apartment buildings could offer monthly rental rates of about $850 up to $1,700.
The St. Louis-based developer, McCormack Baron Salazar, specializes in urban market revitalization. Its chairman and CEO, Richard Baron, is a Detroit native.
Baron is expected to present his proposal to the Economic Development Corporation of Detroit, a public body staffed by the Detroit Economic Growth Corporation, which owns much of the land needed for the project.
