A $60 million apartment, retail, hotel and conference center is slated for Midtown following approval Friday by the Wayne State University Board of Governors. The board approved a memorandum of understanding and long-term lease with Broder & Sachse Real Estate Services, which will develop the 1.5-acre site at Cass and Canfield that is now a parking lot. The project is proposed to include 248 apartments, 19,000 square feet of retail space, a hotel with up to 120 rooms and a conference center with capacity for 300 people. "In addition to providing much-needed housing and hotel and conference facilities, this project will enhance the connection between our main campus and our medical campus, as well as further promote Midtown as a walkable and bikeable neighborhood," said Wayne State President M. Roy Wilson. "Wayne State remains committed to being a leader and catalyst for economic growth in Detroit." Construction is expected to start late next fall, with completion by 2016.

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http://www.detroitnews.com/article/20131122/SCHOOLS/311220102#ixzz2lPe8XRww
http://www.crainsdetroit.com/article/20131122/NEWS/131129943/wayne-state-plans-60-million-apartment-retail-building
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http://www.deadlinedetroit.com/articles/7332/wsu_will_build_an_apartment_hotel_and_conference_center_complex_in_midtown#.UpM9CsTksWs
http://detroit.curbed.com/archives/2013/11/midtown-moves-forward-9story-apartmenthotel-development-revealed.php