Bedrock to buy site of former housing project in Detroit
DETROIT (AP) — A real estate firm plans to develop more than 700 rental and for-sale housing units on the 18-acre (7.3-hectare) site of a former housing project north of downtown Detroit.
The city’s housing commission says Tuesday that it is selling the land to Bedrock for $23 million. More than 20 percent of the units will be affordable housing.
Bedrock is among the companies run by Quicken Loans founder Dan Gilbert. The deal is expected to close next year and has to be approved by the U.S. Department of Housing and Urban Development.
The former Frederick Douglass Homes had been empty for years when the last buildings were demolished in 2014.
Diana Ross, Florence Ballard and Mary Wilson lived in the complex before signing with Motown Records.