New $108 Million “Lafayette West” To Be Built In Lafayette Park

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Detroit’s Lafayette Park neighborhood on the east side of greater downtown Detroit will be seeing yet another new development.

The developer, Ginosko Development Company, is currently calling it “Lafayette West.” It’ll bring 374 new residences to the city across 5.2 acres. It will replace the empty Shapero Hall that formerly housed Wayne State’s Pharmacy School just off of I-375 and Rivard.

So what will this look like? There will be a 12-story high-rise with 114 luxury rental units along with 200 lofts for rent, and 60 for-sale townhouses, carriage houses and stacked flats with attached garages. The design, we’re told, is going to be geared so that people can walk or ride their bike around downtown.

The $108 million Lafayette West project will be subject to Detroit’s Community Benefits Ordinances, that requires projects that get city incentives to have 20 percent affordable units. 

Additionally, 51 percent of the hours worked on the construction will have to be performed by verified Detroit residents. If they don’t make that goal the developer will contribute to the city’s Workforce Training Fund.

This story originally aired on the Daily Detroit News Byte.

 

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