Real Estate Insider: Construction is back, but landscape has changed
June 9th, 2020
Brandon Hodges, senior development and affordable housing manager for The Platform, said the 13,000-square-foot project is financed with $530,000 in owner equity, a $1.23 million Horizon Bank loan, $750,000 from the Southfield-based Max M. & Marjorie S. Fisher Foundation, $750,000 from the Michigan Economic Development Corp. and $750,000 from Detroit’s Strategic Neighborhood Fund. Construction began in November and is expected to wrap up in late August with four affordable housing units on the top level and about 9,000 square feet of commercial space on the bottom.
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How a Detroit Landmark Built a Space for Creative, Minority-Owned Businesses
June 4th, 2020
The Fisher Building is known as “Detroit’s largest art object.” The office skyscraper, which opened in 1928, boasts a grand lobby decked out with marble, mosaics, painted ceilings and ornate detailing in brass and bronze. Real estate developer The Platform purchased the landmark in 2015, spending over $10 million in rehabilitation and renovation. But the company was stuck on what to do with the fourth floor, broken into small offices by design for doctors and dentists.
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