Happys Pizza New Center
Invest Detroit Group has acquired a retail strip in one of Detroit’s most up and coming neighborhoods, New Center. With over 15 new developments in the surrounding area, the subject property is located directly on Woodward beside the Q Line Terminal. The demand for retail in this area is growing exponentially with hundreds of new residential units being developed and a lack of retail options for the residents. Given it’s current vacancy the property was purchased approximately 20% below market value. As the sponsor we are going to bring the value-add element to this project and turn what was once and outdated industrial site into a modern retail plaza targeting boutique fitness studios, coffee shops, local clothing stores and a regional tenant as an anchor.