Detroit — A public-private partnership has unveiled plans for a $300 million, 190,000-square-foot research and education center in downtown Detroit that the University of Michigan (U-M) will occupy and operate. Kohn Pedersen Fox designed the building that will anchor the 14-acre Detroit Center for Innovation (DCI). The research building is expected to eventually serve 1,000 graduate and senior-level undergraduate students pursuing advanced degrees in a range of high-tech innovation disciplines, including mobility, artificial intelligence, data science, entrepreneurship, sustainability, cybersecurity and financial technology. Construction of the DCI is slated to commence in 2021. …
Michigan
Ann Arbor, Mich. — Landmark Properties has acquired two student housing communities located near the University of Michigan campus in Ann Arbor. Acquisitions include the 248-bed Zaragon Place and the 198-bed Zaragon West. Both properties were built by Chicago-based development company Zaragon Inc. Landmark is set to implement a capital improvements program on both properties, which will include upgrades to unit interiors and common areas. Dorothy Jackman and Jamie Swick of Colliers International’s student housing group brokered the transaction.
EdR, Northern Michigan University Open First Phase of $75.4 Million On-Campus Housing Development
Marquette, Mich. — A public-private partnership between EdR (NYSE: EDR) and Northern Michigan University has opened The Woods, a 417-bed living-learning community located on the university’s campus in Marquette. The property is the first phase of a $75.4 million, 1,229-bed development scheduled for full delivery in 2018.