Michigan

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. …

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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.

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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.

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