The Downtown Development Authority (DDA) has approved a development agreement with Metropolitan Development Partners, LLC, to renovate the historic Metropolitan Building at 33 John R in Downtown.
Built in 1925, the Metropolitan Building was the home of jewelry businesses for many years. In 2014 Metropolitan Development Partners reached an agreement with the DDA to stabilize the historic but deteriorating façade of the building.
Under the newly announced plan, Metropolitan Development Partners will create 71 market-rate residential units with approximately 2,500 sq. ft. of retail/commercial use in the historic renovation.
“The pulse of metropolitan Detroit is stronger than ever and we are excited to embark on this journey of restoring this iconic building, “ said Eric Means, CEO, Means Group, one of the development partners. “The Metropolitan Building will play a vital role in linking the theatre district and historic Paradise Valley on the east with Woodward Avenue and the newly revitalized Capital Park on the west.”