Brownfield tax credits to be used towards the redevelopment of the
Crystal Lofts located on Woodward at Watson have been approved by the
Detroit Economic Growth Corporation and are now waiting for approval at
the state level. Dwight Belyue, owner of Belmar Development Group, says
the project budget is being finalized and Phase One construction will
begin within two months.
Phase One of the Crystal Lofts consists of 17 lofts ranging from
950-2,200 square feet and 14,000 square feet of first floor retail
space. Belyue says, “The building used to be the Crystal Ballroom, with
a ballroom on the second floor and retail on the first floor.”
Belyue plans to develop the remainder of the 3100 block of Woodward,
and is currently evaluating the site plan with architects Hamilton
Anderson Associates. Preliminary plans for Phase Two call for 150-175
residential units, additional retail space, and the construction of a
new headquarter building for the King David Lodge of the Masons.
Dwight Belyue, Belmar Development Group
Related:
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1435 Randolph St Ste 200
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313-964-0270
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