DETROIT (AP) — A building that featured a former movie theater on the outskirts of downtown Detroit will be redeveloped into affordable housing.
The $75 million project at the United Artists Building was announced Thursday by Mayor Mike Duggan and other city leaders.
The nearly 100-year-old building will have 148 apartments and retail and dining space when it opens late next year, the city said.
The 18-story building was designed by Detroit architect C. Howard Crane and opened in 1928. It has been largely vacant for nearly five decades.
Its redevelopment follows a number of other projects where once vacant structures in Detroit are being reinvented for other uses.
“For nearly half a century, the United Artists Building has been one of the iconic images of our city of desolation and abandonment,” Duggan said. “Today, just as we do with Michigan Central Station, Fisher Body 21, Lee Plaza and others, we are bringing new life to the United Artists Building and turning blight into beauty.”
The project received a $43 million multifamily housing loan from Housing and Urban Development, $8.5 million from the Downtown Development Authority, $7 million from the Michigan Strategic Fund and $3 million in federal grants for community development, according to the city.
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