The property, 10 acres worth, currently sits as surface parking, but Bedrock Detroit and GM’s Riverfront Holdings Inc. confirmed they are discussing redevelopment. The early stages of the plan imagine a mixed use of retail, residential and office space.
“We are still in early stages of planning and will release more details once we have finalized our planning,” according to a written statement released by Bedrock Friday.
The riverfront was originally a warehouse district during much of the 19th and 20th centuries. The RiverWalk was established as a pedestrian and bike path that more than 3 million people use every year. The proposed project also comes at a time when Detroit has entered a renaissance period, as more upscale living, retail and recreational spaces flock to the city.