A 13,000-square-foot vacant building lying at the corner of 3rd Avenue and Brainard Street in Midtown is expected to open next year with apartments, sliders, and a retailer. Crain’s Detroit is reporting that Jonathan Hartzell, founder and CEO of Detroit Rising Development, the firm behind Detroit Shipping Co., is teaming up with two unnamed partners to bring a $2.4 million mixed-use redevelopment to Midtown.
The building at 3700 3rd Avenue will contain 10 apartment units on the second floor. Hartzell confirmed that the units will go for around the market rate. The ground floor will feature slider restaurant Slyde Detroit and an unnamed retailer spanning the floor’s 6,500 square feet.
Detroit Five and Dime LLC, the building’s ownership group, bought the building for $825,000 in October 2016. Hartzell explained, “We bought two years ahead knowing development was coming south block by block, then the hockey arena started development north from downtown.”
Slyde Detroit originally planned to open on the Avenue of Fashion in 2016, but a myriad of building redevelopment and ownership changes prompted the restaurant to look elsewhere. Owner L.J. Nelson received a $45,000 Motor City Match grant to open in the original location. Although the business plan remains the same, he’s adding a bar to the Midtown development. The slider joint is hoping to open in spring 2019, and their Facebook page promises to provide “healthy food with the best locally sourced ingredients.”
Hartzell believes redevelopment work on the building will begin in about a month and a half. The building will be ready for Slyde and retail openings next spring.