- Associated Press - Tuesday, September 29, 2015

DETROIT (AP) - City Councilmembers have approved a land deal on a redevelopment plan for Detroit’s 18-acre Herman Kiefer health complex site.

The Detroit News reports (https://bit.ly/1VqlzUn ) that Tuesday’s vote also requires New York-based developer Ron Castellano to guarantee the 10 vacant buildings will be secured and weatherproofed to guard against theft and blight.

The main hospital closed in 2013.

Castellano will acquire the property for $925,000. He wants to spend at least $75 million on the project. The agreement includes the 424,000-square-foot main hospital and three empty school buildings.

The rehabilitation of about 100 homes owned by the city’s Land Bank also is part of the deal.

Specifics haven’t been determined, but Castellano says there’s potential for a mix of housing, retail and office space.

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Information from: The Detroit News, https://detnews.com/


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