After seeking for new development proposals last year, the abandoned Lee Plaza Hotel has been teased with a multitude of building plans that toyed with ideas of a remodel. The eyesore of a building, vacant since 1997, is now front and center for potential redevelopment plans that will cost roughly around $50 million dollars due to the significant amount of deterioration over the last two decades.
The Roxbury Group, a veteran in restoring historic buildings such as the David Whitney Building, is currently first in line with plans for redevelopment with help from Ethos Development partners. The $350,000, 15 story apartment building located on West Grand Boulevard is rumored to receive 180 new residential units with 50% of the units readily available for lower income families.
The city of Detroit hasn’t made this undertaking an easy one either. Due to its historic nature, opening its doors in 1928, was registered as such in 1981. Over the course of the year, city council has already rejected three bids as a consequence of major reestablishment required for completion. Hoping to preserve the historic nature of the building, the desecrated location is receiving stabilization relief in anticipation of a prospective project. As to date, the property is currently receiving plexiglass window boarding and a detailed removal of asbestos and lead.