DETROIT (WWJ) -- The forthcoming Detroit Center for Innovation officially has a new location.
Business and government leaders announced on Monday the 200,000-square-foot centerpiece -- a University of Michigan research and education center -- will be constructed between Grand River and Cass avenues, just behind the Fox Theatre in The District Detroit.
The three-building campus will also include the rehabilitation of the historic Moose Lodge building into a tech incubator, and a 300-unit apartment building, as well as commercial office space and green space.
The project is being funded through a partnership between the Ilitch’s Olympia Development, the University of Michigan, and real estate firm Related Companies.
Lt. Governor Garlin Gilchrist was on hand for the announcement, and said the center will bring together "learners and the learned to create the next generation of innovators."
“With the opening of this Detroit Center for Innovation, we are ushering in a new era of progress and really putting hope back into the equation for young people, for students, for scholars, for people with ideas [and] entrepreneurs who will research, learn, work and grow here,” Gilchrist said.
The center was first announced in Oct. 2019, with Related Companies chairman Stephen Ross promising to contribute $100 million to the project.
Initially, developers -- which also included Dan Gilbert's real estate firm Bedrock -- were eyeing the old Wayne County Jail site as the center’s location, but those plans fell through this summer when the partnership between Bedrock and Related Companies dissolved.
Groundbreaking on the Detroit Center for Innovation campus, which has an estimated price tag of $250 million, is set for 2023.
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