{"id":1004143254,"date":"2016-05-04T01:56:56","date_gmt":"2016-05-04T09:56:56","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004143254"},"modified":"2022-12-08T22:10:42","modified_gmt":"2022-12-09T06:10:42","slug":"iconic-hudson-site-to-be-transformed-into-mixed-use-complex","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/iconic-hudson-site-to-be-transformed-into-mixed-use-complex\/","title":{"rendered":"Iconic Hudson Site to Be Transformed into Mixed-Use Complex"},"content":{"rendered":"<p><em>By Alexandra Pacurar, Associate Edito<\/em>r<\/p>\n<div id=\"attachment_1004143256\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/05\/hudson-detroit.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004143256\" data-attachment-id=\"1004143256\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/iconic-hudson-site-to-be-transformed-into-mixed-use-complex\/hudson-detroit\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/05\/hudson-detroit.jpg\" data-orig-size=\"534,388\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"hudson-detroit\" data-image-description=\"&lt;p&gt;Rendering of the development proposal for 1206 Woodward Ave., Detroit &lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Rendering of the development proposal for 1206 Woodward Ave., Detroit &lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/05\/hudson-detroit.jpg?w=534\" class=\"wp-image-1004143256 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/05\/hudson-detroit.jpg\" alt=\"Development proposal for 1206 Woodward Ave., Detroit \" width=\"300\" height=\"218\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/05\/hudson-detroit.jpg 534w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/05\/hudson-detroit.jpg?resize=300,218 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004143256\" class=\"wp-caption-text\">Development proposal for 1206 Woodward Ave., Detroit<\/p><\/div>\n<p><strong>Detroit<\/strong>\u2014The Detroit Downtown Development Authority (DDA) approved the construction of a <a href=\"https:\/\/www.commercialsearch.com\/news\/mixed-use\/\" target=\"_blank\" rel=\"noopener\">mixed-use<\/a>, high-rise project on the iconic Hudson block at 1206 Woodward Ave. The plan includes creating 250 housing units and 225,000 square feet of retail and commercial space by B<a href=\"https:\/\/www.bedrockmgt.com\/\" rel=\"nofollow noopener\" target=\"_blank\">edrock Real Estate Services<\/a>, a full-service real estate firm which signed an agreement with the DDA for the investment.<\/p>\n<p>\u201cThis is the Hudson\u2019s block development Detroiters have waited three decades to see happen. Its impact will be felt far beyond downtown into our neighborhoods for years to come through the construction jobs, fulltime jobs and countless other opportunities that will be created as a result\u201d, said Mayor Mike Duggan, who chaired the DDA.<\/p>\n<p>Bedrock signed on hiring Detroit residents for the construction, as part of the arrangement with City officials. The company will also purchase Premier Garage, the underground parking at Hudson, for $15 million. The flagship department store at Hudson closed in 1983 and was demolished 18 years ago. Since then, the City of Detroit has been using it as parking space.<\/p>\n<p>\u201cThe Hudson\u2019s project is a unique, once-in-a-generation opportunity that we hope will transform the landscape of downtown <a href=\"https:\/\/www.commercialsearch.com\/news\/news\/detroit\/\" target=\"_blank\" rel=\"noopener\">Detroit<\/a>. Our vision is to create an iconic structure that all Detroiters can enjoy, while also providing additional retail, housing and commercial space that the city needs to continue its transformation\u201d, said Jeff Cohen, CEO of <a href=\"https:\/\/www.rockcompanies.com\/\" rel=\"nofollow noopener\" target=\"_blank\">Rock Companies<\/a>.<\/p>\n<p>Following the  sale of the Hudson property, Bedrock is considering a new agreement with the City of Detroit\u2014this time for  a new project that will feature affordable housing units. Specifically, 20 percent of the next 1,350 rental units constructed by Bedrock throughout its Greater Downtown and Brush Park projects are going to be low cost units.<\/p>\n<p>The next step is submitting both the land transfer and affordable housing agreements to review and approval by the City Council within the next three weeks. A budgetary approval will also be required from the Financial Review Commission. Construction is expected to break ground in April 2017.<\/p>\n<p><em>Image courtesy of <a href=\"https:\/\/www.rockventures.com\/\" rel=\"nofollow noopener\" target=\"_blank\">Rock Ventures<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The construction project meant to replace the former Hudson department store in downtown Detroit, once the tallest in the world, will bring 250 housing units and new retail spaces in the city, after the site was empty for 33 years.<\/p>\n","protected":false},"author":236,"featured_media":1004143256,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1495,21782,13,21752,21742],"tags":[],"class_list":["post-1004143254","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-detroit","category-development","category-midwest","category-mixed-use","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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