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Our News

Summer 2023

The Platform Brings Six New Retailers to Detroit

September 8th, 2023

Six new retailers have opened or soon will open their doors at Platform properties in Detroit’s Midtown and New Center neighborhoods. New retailers include a restaurant, bridal salon, waxing studio, and gelateria at Woodward West. A new fitness studio will open at The Ellington, while a new hair salon recently opened in the historic Fisher Building.

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Spring 2023

MSU president on Fisher Building deal: ‘Stay tuned’ for more Detroit moves

June 16th, 2023

Michigan State University is hoping for spin-off development and additional investment in Detroit’s New Center area following its endowment’s purchase of majority ownership of the iconic Fisher Building and more real estate in the neighborhood north of downtown. How precisely that plays out is anybody’s guess.

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MSU bid to control Fisher Building expands Detroit footprint

June 13th, 2023

Michigan State University is expanding its footprint in Detroit with an agreement to acquire a majority stake in the iconic Fisher Building, Sparty’s latest move to bolster its presence in the city as its Ann Arbor rival plans an innovation center nearby.

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MSU buys majority stake in Fisher Building in Detroit

June 13th, 2023

Michigan State University has bought a majority stake in the Fisher Building in Detroit and will illuminate the iconic art deco building in green light each night this week to celebrate.

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Michigan State endowment buys majority stake in Fisher Building

June 13th, 2023

Michigan State University’s endowment has purchased a majority interest in the historic Fisher Building in Detroit’s New Center area. In addition to buying the Albert Kahn-designed tower affectionately referred to as “Detroit’s largest art object,” the endowment has purchased two surface parking lots adjacent to the 441-foot tower as well as the Baltimore Garage previously controlled by Detroit-based developer and landlord The Platform LLC.

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The Platform begins work on $38.2 million Piquette Flats project

May 2nd, 2023

Detroit-based developer the Platform said Tuesday that work has begun on its $38.2 million project to redevelop the former Studebaker building in Detroit into a 161-unit affordable housing apartment complex.

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Fall 2022

Detroit-Based Developers Celebrate Grand Opening of Woodward West in Midtown

September 29th, 2022

Detroit-led and Black-developer backed, Midtown’s latest apartment development building has a lot to celebrate its opening with a ribbon-cutting ceremony in late September with Mayor Duggan and other city officials, including City Council President Mary Sheffield (D-5) and Councilman James Tate (D-1).

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Developers, officials celebrate Midtown Detroit apartment-retail complex

September 28th, 2022

A decade ago, developers set out with plans to construct an office building on the corner of Woodward and Stinson in Midtown. After they scrapped those plans and pivoted to residential, Woodward West welcomed its first tenants during the summer.

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Michigan Strategic Fund OKs $5M loan for old Studebaker site

September 27th, 2022

The Michigan Strategic Fund approved Tuesday a $5 million state program loan for the redevelopment of a former Studebaker building in Detroit into a 161-unit apartment complex. The board also approved the City of Detroit brownfield redevelopment authority’s request for $882,821 in state brownfield tax incentive reimbursement for the project.

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Summer 2022

Woodward West opens for residents

July 7th, 2022

A new apartment building is now open in Midtown, welcoming its first batch of residents for move-in last week. Woodward West, a $60 million joint venture between the Platform and Queen Lilian, is currently 72 percent leased for its 204 apartments.

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