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Thursday, August 21, 2014
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Published: Wednesday, 7/24/2013

New plaza shows retailers' interest in Detroit

Despite city's fiscal problems, development and interest continue

ASSOCIATED PRESS

DETROIT  — A $72 million shopping plaza that’s expected to bring 900 jobs is among new retail development in Detroit, which has asked a federal court for bankruptcy protection to clear away billions of dollars in debt.

The Gateway Marketplace officially opens for business at 6 a.m. Thursday when Grand Rapids-based Meijer Inc. unlocks the doors to its supercenter along Detroit’s northern city limits.

RELATED ARTICLE: Judge holding first hearing in Detroit bankruptcy

The project follows the opening of a Whole Foods store in Midtown. It also comes one week after the city’s state-appointed emergency manager — seeking to erase as much as $20 billion in debt — took Detroit into the largest municipal bankruptcy filing in U.S. history.

A developer also is planning to build apartments, town houses and small-scale retail along Detroit’s downtown riverfront. Groundbreaking could come next spring.



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