New rendering drops for 500-unit apartment tower coming to former Joe Louis Arena site

JC Reindl, Detroit Free Press
2 min read
2

A new rendering for the 25-story, 500-unit apartment tower under construction at the site of former Joe Louis Arena in downtown Detroit has emerged.

The rendering, which depicts the tower as a large glass cube next to trees, lawn and the Detroit People Mover, recently posted on the website 600associates.com.

600 Associates is the name of the limited liability corporation that the project's developer, Detroit-based Sterling Group, has given to the high-profile development.

Cranes become part of the skyline as they stand over the construction site at the former Joe Louis Arena near the riverfront in Detroit on July 21, 2022.
Cranes become part of the skyline as they stand over the construction site at the former Joe Louis Arena near the riverfront in Detroit on July 21, 2022.

The Sterling Group has shared scant details about the tower, even though construction has been underway since early this year.

A contractor recently told city officials that the tower could be finished as early as spring 2024.

More: Detroit is hotspot for construction cranes this summer: 8 sites to watch

Sterling Group acquired the 5-acre riverfront site from one of Detroit's 2013-14 bankruptcy creditors in late 2019 through a complex $14.1 million deal with the city.

The creditor, New York-based bond insurer Financial Guaranty Insurance Corp., took future development and ownership rights to the arena site when accepting roughly 13 cents on the dollar for its $1.1-billion bankruptcy claim.

A development site is under construction at the former Joe Louis Arena near the riverfront in Detroit on Thursday, July 21, 2022.
A development site is under construction at the former Joe Louis Arena near the riverfront in Detroit on Thursday, July 21, 2022.

Joe Louis Arena closed in 2017 and was fully demolished in 2020.

As of last week, the apartment tower project had been in violation of a city code requirement to prominently display a development notice sign at the site with sketches and details of what is being built, including expected year of completion.

The Sterling Group did not immediately respond to an inquiry Monday about the project. The Free Press also reached out to the city for any project details.

Curiously, the new rendering depicts the People Mover as having long metallic cars like those of an elevated train or aboveground subway.

Cranes stand over the construction site at the former Joe Louis Arena near the riverfront in Detroit on July 21, 2022.
Cranes stand over the construction site at the former Joe Louis Arena near the riverfront in Detroit on July 21, 2022.

Contact JC Reindl at 313-378-5460 or jcreindl@freepress.com. Follow him on Twitter @jcreindl. Read more on business and sign up for our business newsletter.

This article originally appeared on Detroit Free Press: New rendering drops for former Joe Louis Arena site tower

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