The developers of Detroit’s delapidated Wurlitzer Building are making strides toward plans for the 1926 downtown building.
According to the Detroit Free Press, HM Ventures Group 6, a investing group in New York received approval on a tax incentive that would help add over $21 million toward the project.
The building is set to become a boutique hotel if all goes well. The building will be complete with a bar and coffee shop on the lowest level, a full-service restaurant on the second floor, as well as a rooftop lounge.
The Free Press states that the project will give Detroit around 60 construction jobs, and 60 more full-time jobs once the boutique hotel is open for business.
The developers are going to see $1.9 million back in tax incentives. A fair chunk of change, to say the least.
Construction on the renovations will happen as early as this fall, and should be end by September 2016.
According to 7.2 SQ MI, a statistical report on Detroit, nearly 14 million people visit Downtown Detroit every year. There are exactly 4,498 hotel rooms in Detroit.
In 1995, former owner Paul Curtis purchased the Wurlitzer building for just $211,000, according to HistoricDetorit.org. He was trying to sell it for as much as $2 million as late as 2003.
The Wurlitzer Building has been collecting quite a bit of civil citations for being a nuisance for well over a decade.
The city has been pursuing legal action against the building’s owner, 1509 Broadway LLC for three years.
The Wurlitzer Building is named after Rudolph Wurlitzer, who immigrated to the U.S. in 1853 and had a history of producing musical instruments that leads back to the mid-1600s.
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