571 E Edsel Ford Fwy Detroit, MI 48202

This sale includes nine residential lots, presenting a new construction opportunity. The properties included are located at 571 E. Edsel Ford Fwy, 587 Edsel. Ford Fwy, 581 E. Ford Fwy, 5923 St. Antoine, 590 Harper, 580 Harper, 574 Harper, 566 Harper, and 556 Harper. The development should define space in a meaningful way and complement the community. The building design should provide a diverse residential stock and density at a variety of price points and ownership types, including rental and owned housing. Densities should support opportunities for neighborhood commercial investments and job creation, stimulating growth in the local economy. The DLBA is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatements that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatement on the purchase and development financing. The total lot size is 0.1 acres.