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It's the first investment in Detroit of this kind for MSU, which is working with Pistons owner Tom Gores and Henry Ford Health on a nearby hospital campus.
The MSF board signed off Tuesday on an increase from $5 million to $7.045 million on a Michigan Community Revitalization Program loan to an affiliate of Detroit-based developer and landlord The Platform LLC, which is proposing to turn the former Studebaker Sales and Service Building into 162 workforce apartments at 411 Piquette.
An entity tied to Detroit-based developer The Platform LLC has received a $5 million loan for its redevelopment of the former Studebaker Sales and Service Building it owns in the city's Milwaukee Junction neighborhood into more than 160 workforce apartments.
An entity tied to Detroit-based developer The Platform LLC has received a $5 million loan for its redevelopment of the former Studebaker Sales and Service Building it owns in the city's Milwaukee Junction neighborhood into more than 160 workforce apartments.
Detroit-based developer The Platform LLC is proposing to turn the former Studebaker Sales and Service Building it owns in the city's Milwaukee Junction neighborhood into 162 workforce apartments.