Olympia Development recently announced the development of a block-long pedestrian-friendly zone on Columbia Street between the Fox Theatre and the under-construction Little Caesars headquarters, part of the larger The District Detroit planned developments in the Greater Downtown Detroit area. Columbia Street is set to become a European-style retail passage with “Cobblestone paving, festoon lights and al fresco dining space” featuring over 40,000 square feet of retail space and ten new storefronts.
Six new stores will occupy 16,700 square feet on the Fox Theatre side of the street, while the remaining four shops will take up 26,000 square feet on the ground floor of the new, nine-story Little Caesars headquarters. Olympia Development spokesmen Ed Saenz has said the first shops are expected to open in the summer but the names of the incoming retailers and restaurants haven’t yet been revealed.
The Columbia Street retail promenade is one of many Olympia Development projects announced recently, along with a proposed widening of the I-75 overpass on Woodward Avenue incorporating 9,000 square feet of new pedestrian-friendly retail space. Funding is still being plotted out by Olympia but the overpass project could be key in bridging the development along Woodward Avenue in Downtown and Midtown.
By Jared Hoffman
Research Associate, JMJ Phillip Group