A 3.78-acre lot just north of the Whole Foods in Midtown Detroit reportedly sold in September to a limited-liability company registered to Mohammad Qaz, CEO of Southfield-based Ciena Healthcare Management Inc. Crain’s Detroit reported this morning that the site sold for $15 million, or $3.97 million per acre. Ciena Healthcare operates and maintains 45 nursing facilities and rehab centers in Michigan, but it appears that the Midtown purchase will not necessarily contain a healthcare element.
During a Crain’s phone call with Qaz, the CEO stated that the development will “be one of the most exciting projects to take place in Detroit. It’s going to be a mixed-use development, upscale.” Not much more is known about the plans for the lot at 3750 Woodward Avenue, but more information is expected in the next few months along with a spring groundbreaking.
Grand Rapid’s Rockford Construction will be leading the development, and the team has already started preliminary work on the Midtown site. Shane Napper, the president of Rockford Construction, told Crain’s that the development will “meet several market needs in the community.”
The area surrounding the lot speaks to the city of Detroit’s more recent revival, especially in the Midtown district. The Plaza, formerly known as the Hammer and Nail Building, has undergone a $24 million redevelopment and now houses 72 apartments and 2,000 square feet of retail just north of the lot. Big developments are still in the works a block south, including the West Elm Hotel, the South of Mack Avenue (SOMA) project, and the Woodward @ Midtown mixed-use project.