$20 Million Project To Convert Recycling Center Into Artist Community – CBS Detroit
(CBS Detroit) – It has been announced that an old auto plant recycling center will be converted into a community for artists.
This development is a $ 20 million project called Dreamtroit that will transform the area into affordable housing and 38,000 square feet of retail and commercial space for a market, restaurants, and more. The former factory and buildings at 1331 Holden Street in Detroit will be converted into 81 units, with 58 of the 81 units being used for affordable housing.
CONTINUE READING: Local leaders respond to Chauvin’s guilty verdict
Seventeen of the affordable housing units will be reserved for households with a median area income of 50 percent or less, 41 housing units with an AMI of 80 percent and the remaining housing units with an AMI of 120 percent.
The apartments have 13-foot ceilings, huge industrial windows, flexible space, and an innovative design to maximize floor space. They are offered in various loft units, including one bedroom, two bedroom, studios and studios with shared kitchens. Additional amenities include an indoor event room, workshop and café, as well as ample on-site parking.
Rent continues to rise in the city of Detroit, and Matt Naimi and Oren Goldenberg saw the opportunity to create a space where artists can live and create at an affordable price.
“We believe that it is the people and the culture that propel our city into the future,” said Naimi, founder of Recycle Here. “For the past 12 years we have brought people together through public programs, public space, environmental protection and the arts. We ensure that the working class, artists, and innovators continue to have a home and platform to build the next generation of Detroit’s cultural and technological revolution while providing affordable housing to those who make Detroit a unique and creative place. “
Artists add to the character and spirit of the city, so Naimi and Goldenberg wanted to help support their community.
“We believe we should be able to live cheaply in the city of Detroit and be rooted in our city’s amazing culture,” said Goldenberg. “This project is about redefining old structures in new ways and helping Detroit reinvent itself and its icons.”
The popular Lincoln Street Art Park will continue to play an important role after construction is completed and will continue to host art and social events.
Make Art Work, the non-profit organization that operates and programs the art park, will continue to perform this role and will also be responsible for the interactivity and beautification of the entire property during the course of the Dreamtroit project. Make Art Work provides a foundation for maintaining and expanding Detroit as a place for artists to explore the future, create the avant-garde, and build a strong, long-lasting community. It offers artist support programs, such as physical space for artists and environmentalists to experiment, take risks, overcome fears, and “share their candy”.
CONTINUE READING: The Oakland County Attorney’s Office dedicates a tree to commemorate Crime Victims’ Rights Week
“For anyone concerned that this may change what can happen here, we aim to keep things ‘weird’,” said Goldenberg, who is also a filmmaker. “We’ve spent countless hours figuring out how to preserve the culture we and Detroit love as we transform these buildings into safe, high-quality places to live and create.”
Dreamtroit is an ideal location for artists as it is within walking distance of the Fisher Building and the bars, restaurants and more in the New Center area. It is also within walking distance of Wayne State University and just four miles north of downtown.
As part of the redevelopment, Recycle Here !, Detroit’s 15-year recycling destination was moved to the Lincoln Street side of the property. It will offer improved facilities and new programming and educational opportunities.
In late February, the Detroit Housing for the Future Fund (DHFF) closed $ 2.26 million in funding for the Dreamtroit project. DHFF, a mutual fund providing $ 75 million in capital for affordable housing in Detroit, was launched in October with an initial capitalization of $ 48 million supported by a commitment from JPMorgan Chase of $ 15 million and a $ 10 million guarantee was anchored by The Kresge Foundation.
DHFF is managed by LISC Detroit and is part of the larger Affordable Housing Leverage Fund, a partnership with the Housing & Revitalization Department of the City of Detroit. Dreamtroit is the third project announced since the fund was launched last fall.
“Creating affordable housing for all in Detroit is a prerequisite for ensuring safe, healthy places to thrive and grow,” said Tahirih Ziegler, vice president of the LISC Midwest program. “The Dreamtroit project will create high quality, affordable housing for artists and others, and continue the city’s role as a home for visionary creatives. We pride ourselves on supporting them in their mission. “
The transformation of the Dreamtroit project is expected to be completed in early 2022.
MORE NEWS: Michigan reports 5,584 new COVID-19 cases, 45 deaths on Wednesday
© 2021 CBS Broadcasting Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.