Two important developments at Wayne State University are making the news. One is the new student residential complex and the other is the Mike Ilitch School of Business in downtown Detroit.
The 395,000 square foot housing complex will have a south wing comprising six stories, a north wing consisting of eight stories, and a central tower with eleven stories. It will be the biggest in the Midtown campus – with 9,700 square feet being allocated to a student health center and 17,000 square feet to a dedicated retail space. A total of 575 units – which include studios and four-bedroom residences- will house 841 students. Leasing of 407 beds starts in fall 2018, and the rest will be offered next fall.
The university is working with integrated development, construction and property management company Corvias. Construction of the complex has been contracted to Gilbane Building Co. Ownership of the land and facilities will stay with Wayne State University.
Of the $300 million investment pumped into the development, $102 million will cover the outstanding housing fund debt, renovation of Chatsworth Apartments, demolition of Helen L.DeRoy Apartments, and construction of Anthony Wayne Apartments. As part of the partnership, the university will be able to get debt off its balance sheet, and the responsibility for repair, maintenance and renovations will fall on Corvias.
The Mike Ilitch School of Business is a $50 million development coming up at the corner of Woodward Avenue and Temple Street. The project is being led by the joint venture between Brinker Group LLC and management services company Christman Co.
The school will be located to the south of the university’s main campus in proximity to the new 21,000 seat multi-purpose Little Caesars Arena, which will open on September 12 this year (concerts by Ed Sheeran, Paul McCartney, Kid Rock, Halsey and Lady Gaga have already been announced).
Architectural features of the school include:
- A massive glass facade
- Twenty-four classrooms
- A trading and data analytics laboratory
- A conference center
- A 300-seat auditorium
- A space for community gatherings and collaboration
It is estimated that the school will be up and functional in April next year.