DETROIT – A new 14-story hotel is bring proposed for development in the growing District Detroit area, right next to Little Caesars Arena.
Ilitch Holdings and Olympia Development have submitted plans to build a 14-story, 290 room hotel, that would include street level retail space right next to the arena on Woodward Avenue.
The plan calls for an estimated 36 months of construction to begin in 2024, pending continued public private partnership on the development and attainment of suitable financing.
“The hotel, food and beverage and other amenities proposed will create a wide variety of good jobs and attract people from the region, state and beyond to The District Detroit,” said Keith Bradford, President of Olympia Development of Michigan and The District Detroit. “We’re excited about the immense opportunity this new development, along with the Detroit Center for Innovation and new housing under development such as The Residences@150 Bagley and the Henry Street project, represents for continuing our progress on this unique live, work and play destination.”
Prior to construction, the agreement allows for temporary activations such as community or other events on the site. The plan needs to be approved by Detroit City Council.
The newest proposal is part of the Olympia plan to develop the District Detroit area, which includes more commercial development on Columbia Street, a residential corridor along Park Avenue, and new parks and green spaces.