In 2014, Olympia Development released the first official renderings of what would come to be claimed as “The District Detroit”. Hoping to bring back the entertainment, community, and luxury to the heart of the city, the project has been estimated at a sky-high expectancy of 1.2 billion dollars to complete. In return of the investment in The District Detroit, Olympia Development believes that the new 50 block plan surrounding the Little Caesars Arena will have an economic impact of more than $2 billion dollars by 2020.
Intending to bring rehabilitation to a rough estimate of 700 apartments to the city north of downtown, the progressive plans included an additional 4 new sectors.
Woodward Square– surrounding the area directly behind the arena itself is set to become the home of new offices in addition to the expansion of a new parking deck.
Columbia Street– located between the Fox Theatre and Little Caesars World Headquarters, is underway for a European-style promenade with festoon lights and al fresco dining space with storefronts lining the cobblestone paving.
Columbia Park– to be located directly behind the Fox Theatre, will have new offices, retail specialty shops, and loft-style condos surrounded by manicured gardens that offer opportunities to connect, interact, and relax.
Cass Park Village– moving away from the downtown area to bride the connection to Midtown, will be home to independent shops, local markets, and galleries with a more relaxed and free-spirited atmosphere in comparison to the flashy downtown undertone.
Originally hoping for completion before 2020, it seems that the project has been taking a bit longer than expected and make take longer than expected before coming to full completion. Though the new Little Caesars Arena has brought 4 million guests in addition to the Detroit Pistons back to the area, the full development of the project is expected to bring in additional jobs spanning from 8,300 construction positions and 1,100 permanent positions to the area. After it’s completion, Olympia believes that with the increase of residents, students, shoppers, and those looking for a dining experience in the heart of Detroit will allow the project to bring in $1.8 billion dollars to surrounding cities, region, and state.