Sugar Hill

New Markets Tax Credit Coalition

Detroit,
MI
(2020)

Sugar Hill

Adult Education, Affordable Housing, College or Vocational Training, Community, Housing, Infrastructure, Mixed-use, Retail, Retail and Commercial, Transportation and Ports, Veterans Services

Construction and development of a 5-story, mixed-use building consisting of 68 residential units, parking and approximately 12,000 sq. ft. of ground floor commercial and retail space.

Investment

NMTC Amount: $28,965,000
Total Project Cost: $35,080,214

IMPACT

24 FTE jobs
57 construction jobs
Workforce training program will have 16 students per year
146,011 sq. ft. of real estate

CDEs

Building America CDE, Cinnaire New Markets, Michigan Community Capital, PNC

Investor

PNC

Project Description

Construction and development of a 5-story, mixed-use building consisting of 68 residential units, parking and approximately 12,000 sq. ft. of ground floor commercial and retail space. The project will support growth in Detroit’s historic cultural district with apartments being marketed to artists, teachers, and professionals, attached to the surrounding cultural district and medical campuses and a majority of the commercial space being leased to tenants that will provide career training and job opportunities for low-income individuals. The space will include 68 rental units and 14 of these rental units will be available for homeless veterans and 6 will be available to households below 80% AMI. The remaining will be mixed income rental units.

MAP

Address: 81 Garfield Street + 119 Garfield Street, Detroit, MI 48201

Census Tract: 26163517500

PDF Profile

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