GATEWAY MARKETPLACE

Date of closing August 2012
Total Costs $26.5 million
Total NMTCS $26 million
GATEWAY MARKETPLACE (Detroit, MI) | View Map

This project will construct a major retail center remediating a 36-acre Brownfield site at the Southeast corner of Woodward Avenue and Eight Mile Road in a severely distressed Detroit neighborhood.  The anchor tenant will be a 214, 000 sq. ft. Meijer Super Center that will provide affordable groceries to local residents in a federally designated food desert with a poverty rate of 48% and median family income of less than 30% of the area's median family income.  This is the first major grocery store built in Detroit in 50 years and is bordered by several consecutive federally designated food deserts.  A bus stop in the middle of the retail center will ensure available public transportation.  (NNMF NMTCs: $14 million)