221 W. Troy - Ferndale DOT

Posted by Michigan Economic Development Corporation

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Development Opportunity

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District Description

The DoT site is 221 W.
Troy, currently a city-owned parking lot at W. Troy and Allen Street, behind
Rosie O'Grady's in Downtown Ferndale. Site vision: A preliminary Planned Unit
Development Approval has been achieved for a mixed-use parking deck, featuring
approximately 400 parking spaces; 15K SF of commercial space at the street
level; 39K SF of office space on the 4th and 5th floors; and a residential
component of approximately 24 units. The project will also incorporate the
redevelopment of Troy Street as a barrier free shared street concept that can
be temporarily closed for neighborhood events, and a pedestrian-oriented alley
at the rear. 

Fee Schedule

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Planning & Policy Documents / Request for Proposals (RFP)

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Technical/Environmental Studies

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Financial/Economic Reports

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General/Comprehensive Plan Designation

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Master Plan/Specific Plan

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Zoning Designation

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Height Limits

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Floor to Area Ratio (FAR)

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Dwelling Units per Acre

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Parking Requirement

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Other Requirement

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Project Readiness

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Other Incentives

- $20 million in investment from city for construction of deck, streetscape, and the mechanical/utility amenities of the building.
- Brownfield TIF
- OPRA Abatements
- Negotiation of land/air rights for the private components of the building

Costs

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Public Investments

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Private Investment

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Local Development Trends & Market Indicators

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Contact Jordan Twardy

Jordan, from Ferndale, has more details.

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Created on April 19th, 2018 (last updated 3 months ago)