Hosey Development News Today

The proposal, called a land value tax, would triple taxes on land in the city, while eliminating the Detroit operating tax of 20 mills on all structures.

Detroit continues its push to remediate commercial blight, as the demolition department ramps up tackling neighborhood and well-known sites.

Since returning to his hometown of Detroit in 2008, Richard Hosey has been among the most active developers – and public servants – in the city.

Fisher Body was an automobile coachbuilder founded in 1908. Its 21st plant, a six-story 600,000-sf factory in Detroit that produced car chassis, was said to be one of Motor City’s first poured-concrete buildings. General Motors purchased the plant in 1926 and made Cadillacs and Buicks there through 1984. The plant then went from being occupied by paint manufacturers for nearly a decade, to abandonment until the city of Detroit took ownership of the graffiti-strewn structure in 2000. A Detroit ...

After 25 years of ruins, the Fisher Body Plant 21 will be redeveloped by Asset Management and Hosey Development.

Construction will begin next year.

The massive Fisher Body 21 factory, which the city says has been a symbol of blight for 25 years, will be turned into a mixed-use space with affordable and market rate housing and a retail district.

The hulking, abandoned Fisher Body No. 21 plant in Detroit has long been a symbol of the city’s industrial decline. If all goes as planned,...

The historic Fisher Body 21 factory will be redeveloped into affordable and market rate housing, as well as a new destination retail district.

A development team is on tap to turn one of Detroit's most visible dilapidated buildings into new housing and retail space. The estimated $134 million conversion of the Fisher Body No. 21 plant near the I-75/I-94 interchange, as currently envisioned, would create 433 apartments as well as retail…