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Obama News Articles

Spring 2022

DawanaFit Opens in Obama Building Through Motor City Match

March 30th, 2022

City officials and community members celebrated the grand opening of a new woman-centered fitness studio in the burgeoning Old Redford neighborhood today. Dawana Vickers, a Black woman, Detroiter and military veteran opened her new studio, thanks in large part to assistance received through Round 11 of the Motor City Match (MCM) program.

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New retail complex is helping black women drive economic recovery

February 9th, 2022

Built 104 years ago in Northwest Detroit’s Old Redford district and renovated in the depths of the pandemic, The Obama Building is already emerging as a hub for the city’s equitable economic recovery, driven by black women-owned businesses.

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Detroit’s 104-year-old Obama Building reopens as home to businesses, affordable apartments

September 25th, 2021

Excitement was as bountiful as the sunshine that peeked through the skies Saturday while residents, business owners and others attended the dedication of The Obama Building in the Old Redford neighborhood on the city’s west side. City and state officials along with about 250 others attended ceremonies to mark the opening of the 104-year-old building on Grand River and Lahser, which was once a bank and will now house businesses and four affordable apartments.

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Detroit’s new Obama Building is an experiment in developing for the community

November 18th, 2020

Many Detroiters want new development — but they also want impactful, mission-driven projects that address their personal and neighborhoods’ needs. That often doesn’t happen. But it can: just look at a recent redevelopment in Detroit’s Old Redford neighborhood. Developers of the Obama Building took a unique approach to ensure it would serve residents, and in the process, baked in more community benefits than many projects in the city.

 

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Old Redford project revives historic bank building

November 12th, 2020

The corner of Grand River Avenue and Lahser Road on Detroit’s west side has a new look that includes a restored 103-year-old building. The historic bank building was renovated into an apartment with housing units and 8,800 square feet of retail space and is open for tenants. The $3.6 million renovations come thanks to Mayor Mike Duggan’s Strategic  Neighborhood Fund, an initiative that’s renovating neighborhoods across the city.

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Detroit artist Chazz Miller working on new exhibit to help revitalize Old Redford neighborhood

October 31st, 2020

You might be familiar with Chazz Miller. If you don’t know him by name you likely know his work in The neighborhood itself has finally attracted millions of dollars in investments, like for the long-abandoned bank nicknamed the Obama Building because of Chazz’s portrait on the outside. The Obama Building is now being completely renovated to the tune of more than $3 million for restaurant and retail space down below and lofts up above, as well as a gallery where Chazz’s Obama portrait and others will be displayed.

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Spring 2020

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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Detroit investors ready to restore 5 blighted storefronts on Grand River

October 21st, 2016

The Platform development group – owners of the iconic Fisher Building in the New Center Area – says it’s time to elevate the corners of the distinctive block known as the hub of Old Redford, home to the historic Redford Theater.

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New Details on The Platform’s Investment near Brightmoor

May 27th, 2016

Earlier this week, we told you that developer Peter Cummings is creating a new development group, called the Platform, that plans on building 1,000 apartments in the TechTown/New Center area near the M-1 rail. The group is also investing in Islandview, the University District, and Brightmoor. Now we have a few more details.

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