A US$ 134M Fisher Body Plant Redevelopment Project in Detroit has been announced. The project involves the redevelopment of the six-story, 600,000-square-foot abandoned Fisher Body Plant 21 into a mixed-use complex dubbed Fisher 21 Lofts.
The proposed complex, the preliminary site construction of which may begin this spring with a 2025 completion date, will comprise a total of 433 apartments as well as retail, commercial, and coworking space. 20% of the apartments will be set aside as affordable, with the remainder set aside as market rate.
Designed by McIntosh Poris Associates, the project is set to have features and amenities such as three atriums that provide outdoor vistas and natural light to internal rooms, on the third through sixth floors. A quarter-mile walking track, a lounge, dog facilities, and other amenities will also be included on the 2-acre roof.
Furthermore, there will be 700 parking places available, including 130 sheltered on the ground floor, and bike storage and parking space as well.
Fisher 21 Lofts Developer
Gregory Jackson and Richard Hosey, both black developers, are directing the development of the Fisher 21 Lofts with the assistance of Kevin Lewand of Lewand Development. The team has made a US$ 15M investment in the project which will also seek abatements under the Neighborhood Enterprise Zone (NEZ) and the Property Rehabilitation Act (OPRA), as well as Brownfield Tax Increment Financing, Historic Tax Credits, and extra finance.
Commenting on the project, Greg Jackson, co-founder of Jackson Asset Management with Anika Jackson Odegbo said, “We are honored to become stewards of this forgotten piece of the city’s storied past and turn it into a key piece of its future, bringing catalytic investment, quality housing, and destination retail to this proud neighborhood.”
The Fisher Body 21 was built directly down the street from the Piquette Plant back in 1919. In the 1920s, it mostly produced Buick and Cadillac bodywork. During World War II, it was converted for the production of military components for vehicles. After the war, it produced parts for a variety of vehicles until it was permanently shuttered in 1984.