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Real Estate Insider: With city's teeth bared, Ilitches meeting Hotel Eddystone redevelopment deadlines


Real Estate Insider: With city's teeth bared, Ilitches meeting Hotel Eddystone redevelopment deadlines
New Detroit development with 81 apartments, 38,000 square feet of commercial space gearing up
Kirk Pinho/Crain's Detroit Business
The Hotel Eddystone at 110 Sproat St. in Detroit under renovation in February 2020.
At risk of losing control of one of their key projects under terms of a development agreement with teeth, the Ilitch family has met all of the redevelopment milestones the city has required of them for the Hotel Eddystone so far.
The Detroit Economic Growth Corp. says the remaining milestone — the issuance of a certificate of occupancy — is required by Dec. 23, which was extended by 45 days because of state orders halting commercial construction last year due to the COVID-19 pandemic.

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