Detroit’s Fisher Body 21 Factory to Become Mixed-Use Space with Affordable Housing, Retail
The famed Fisher Body 21 factory will be transformed into a mixed-use space with affordable housing and a retail district, dubbed the Fisher 21 Lofts, the City of Detroit announced Monday (March 7).
Greg Jackson and Richard Hosey of Jackson Asset Management and Hosey Development will join forces with Lewand Development to relaunch the 600,000-square-foot factory. The plant shut its doors in 1984 and was abandoned in 1993.
According to the City of Detroit, the $134 million project will likely be the largest African-American led development deal in the history of the Motor City.
“This project is being done by Detroiters and for Detroiters,” said Gregory Jackson of Jackson Asset Management in a press release. “This project is proof of the potential of Detroit, its spirit and its people. We are honored to become stewards of this forgotten piece of the city’s storied past and turn it into a key piece of its future, bringing catalytic investment, quality housing and destination retail to this proud neighborhood.”
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