- Associated Press - Monday, May 23, 2016

DETROIT (AP) - Plans are in the works for a $250 million project to create 1,000 new apartments in Detroit’s Midtown, TechTown and New Center areas.

Columnist Nolan Finley of The Detroit News reports (https://detne.ws/1U73z2U ) the project is from a new development company called The Platform that involves developer Peter Cummings.

The partnership aims to take advantage of Detroit’s light rail line, which opens next year. The $140 million rail project will extend 3.3 miles from Detroit’s downtown riverfront. Cummings’ plans include new construction and renovated buildings within walking distance of the tracks.

Cummings says: “Detroit is a really hot investment opportunity, and getting better.”

Plans involve the Fisher and Kahn buildings in the New Center area. Cummings says The Platform also will help revive targeted commercial strips in Brightmoor and other areas.

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

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