Ilitch-owned redevelopments coming to Detroit
Four long-vacant buildings owned by the Ilitch family will be redeveloped as a part of their grand ambitions to overhaul 50 blocks of the city that will be anchored by the new Little Caesars Arena, according to a source familiar with the plan. The buildings, along with two newly constructed buildings, will be developed mainly into residential units. Mayor Mike Duggan and Christopher Ilitch, CEO and president of Ilitch Holdings Inc., will make the formal announcement at 11 a.m. Friday. The four historic buildings to be renovated: The former Hotel Eddystone, a 13-story Italian Renaissance-inspired structure that’s next to the Little Caesars Arena; the former Hotel American, at the corner of Temple and Cass, next to the Masonic Temple; the former United Artists Theatre in Grand Circus Park; and the Alhambra Apartments on Temple between Cass and Woodward, which is very near the future Wayne State University Mike Ilitch School of Business.