Corktown's new 'Corner' to be redeveloped into housing

DETROIT (WJBK) - The former home of the Detroit Tigers will soon be a place for new neighbors to call home after one of the city's most iconic corners landed a $30 million investment.

"I remember walking through the site we're standing in now with my dad when I was a kid and then taking my children out here and it was important that we redevelop Michigan and Trumbull in the right way," said Mayor Mike Duggan.

The special corner where Michigan and Trumbull meet in in historic Corktown spark memories from old Tigers stadium that flood the minds of all who walk by.

"There's nobody more emotionally attached to this site than I was. I saw Danny McLain pitch here in 1967," Duggan said.

The plan to transform that corner but maintain the site was unveiled Tuesday after five years in the making. It was the groundbreaking of a new 26,000 square foot mixed-use neighborhood, costing about $30 million dollars and creating 400 jobs.

"We've seen growing companies, new jobs and more widespread recognition that Detroit is a hub for growth and the sky's the limit," said Margaret Anadu, the managing director of Goldman Sachs.

Officials say 111 apartments and studios for rent, with 20 percent of those units reserved for affordable housing. The historical field will be preserved for children to play, surrounded by spots for local businesses, restaurants and retail. 

The project is expected to take only 8 months to complete because of they'll be using a different kind of construction material, with half of it being built and brought to the site.

"You will see four stories of building by the end of July," said Eric Larson, president and CEO of Larson Realty Group.

If you're a Detroiter and want to own a piece of the corner for $100, the city will soon be launching a crowdfunding campaign.

For more information on the corner, visit thecornerdetroit.com.