Gateway Marketplace

Detroit,
MI
(2012)

Gateway Marketplace

Brownfield Remediation, Grocery and Fresh Food, Retail, Retail and Commercial

An open air retail mall located on Eight Mile Road in Detroit, MI, this project constructed 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.

Investment

NMTC Amount: $55,916,000
Total Project Cost: $55,916,000

IMPACT

333 FTE jobs
163 construction jobs
214,000 sq. ft. of real estate

CDEs

Invest Detroit CDE, Liberty Bank and Trust, National Community Investment Fund, National New Markets Fund, Wayne County

Investor

US Bank

Project Description

An open air retail mall located on Eight Mile Road in Detroit, MI, this project constructed 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 is now a 214, 000 sq. ft. Meijer Super Center that provides 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)

MAP

Address: 20540 Woodard Avenue, Detroit, MI 48203

Census Tract: 26163508000

PDF Profile

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