- African American-led development team to bring 148 additional residences to The District Detroit
- 20 percent of new units will be designated as affordable housing
Work that will redevelop Detroit’s historic former United Artists Building into the Residences @ 150 Bagley is now underway in The District Detroit. The African American-led development team at Bagley Development Group, LLC is transforming the nearly 100-year-old building at 150 Bagley St. into 148 apartments, 20 percent of which will be designated as affordable housing.
“On behalf of the Bagley Development Group partners Scott Allen, Larry Brinker, Sr., Tom Goss, Richard Hosey, Roy Roberts, Jim Thrower and me, we are honored to develop Residences@150 Bagley in such a vibrant community,” said Emmett Moten, managing partner. “Residences@150 Bagley represents the perfect model for urban development, with the public and private sectors working collectively to benefit the community.”
The Residences @ 150 Bagley is a distinctive project that will bring hundreds of construction and permanent jobs to Detroit, as well as new residents and businesses to the vibrant neighborhood around Grand Circus Park. The building is within the Grand Circus Park Historic District listed in the National Register of Historic Places.
The 18-story building was designed by C. Howard Crane opened in 1928. In addition to 1- and 2-bedroom units up to 1,300 square feet, the restoration will also activate approximately 10,000 square feet of retail and dining space. HPM is Owner’s Representative for the project and Detroit-based Brinker/Christman is construction manager. Michigan-based Hobbs + Black is the architect.
Olympia Development of Michigan’s Keith Bradford recognized Bagley Development Group’s dedication to this project and the city.
“The Bagley Development Group team has done great work to begin bringing our community new market-rate and affordable housing, historic renovation and the associated jobs in The District Detroit,” said Keith Bradford, Senior Vice President of Olympia Development. “The Residences@150 Bagley, the Eddystone Residences and the Henry Street redevelopment proposal are key examples of our steady and balanced progress on residential development in The District Detroit. This only builds on the exciting momentum from our recent announcement with Related Companies and The University of Michigan that the Detroit Center for Innovation will be built nearby.”
The Residences @ 150 Bagley will be close to several public transit options and a wealth of work, live and play options in The District Detroit, including Comerica Park, Little Caesars Arena, the historic Fox Theatre and the pedestrian-friendly Columbia Street.
“”We are truly appreciative of the cooperation and trust of HUD, DDA, MEDC, Mayor Duggan and the city’s administration, Detroit City Council and others for believing in our vision,” continued Moten. “Kudos to our stellar financial team consisting of AFL-CIO Housing Trust, Gershman Mortgage, Bernard Financial, Stonehenge Capital, Capital Impact, and Liberty Bank for managing our mortgage, tax credit and other finance requirements. More importantly, we applaud Olympia Development of Michigan for their unwavering support and this great opportunity. Upon completion, Residences@150 Bagley, will become a flagship, residential development in The District Detroit. Residences@150 Bagley located in the heartbeat of downtown Detroit, will enhance the existing historic appointments, while augmenting the future for the next generation.”