Cadillac Assembly Plant
450 Amsterdam St.
What's happening?
Greatwater Opportunity Capital plans a $27 million redevelopment of the former Cadillac Assembly Plant in the TechTown area south of New Center, with about 90 apartments as well as surface parking. Twenty percent of the units are planned to be affordable at 80% of Area Median Income. Greatwater purchased the property for $3.4 million last year. Developers were approved for Neighborhood Enterprise Zone certificates worth $2.9 million in 2022 and plan to seek brownfield tax credits. The plant was built in 1905 and is in the New Amsterdam Historic District. In February 2023, Greatwater sought approval from the Historic District Commission for plans including demolishing parts of the property not considered historic.
Sources: Crain's Detroit Business, City of Detroit
What are the property details?
| Parcel ID: | 02001073.002L |
|---|---|
| Taxpayer: | 9450 AMSTERDAM LLC |
| Taxpayer address: | 6001 CASS AVE DETROIT MI 48202 |
| Dimensions: | 349 ft by 211 ft |
Where is it?
What kind of housing is it?
| Units: | 90 |
|---|---|
| For rent/sale: | To rent |
| Affordability: | Yes |
Updates
September 1, 2024: Construction underway | Urbanize Detroit
August 15, 2024: Brownfield Tax Increment Financing Project approved with $1,957,805 awarded | Michigan Strategic Fund
The Michigan Strategic Fund approved Brownfield Tax Increment Financing with an award of $1,957,805 to rehabilitate a former industrial property in the New Center neighborhood of Detroit. This project has a projected capital investment of $26,579,066.