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MegadealsSubsidy Tracker Individual Entry
Company: Whitney Partners, LLC
Parent Company:
Subsidy Source: state
Location: Michigan
City: Detroit
Address: 1Park Avenue Detroit
Zip: 48226
Project Description: Whitney Partners, LLC was awarded a $1,000,000 Michigan Community Revitalization grant, a $7,500,000 MCRP loan and a $9.79 million brownfield tax credit to renovate the historic 19-story David Whitney building located at 1553 Woodward Ave. in the City of Detroit. The building will be renovated into 108 residential apartments, 135 Aloft hotel rooms and 7,000 square feet of retail space on the first floor. The project is expected to create 50 to 75 jobs & includes total capital investment of $82.5 million.
Year: 2013
Subsidy Value: $9,795,000
Program Name: Michigan Business Tax - Brownfield Credit
Awarding Agency: Michigan Economic Development Corporation
Type of Subsidy: tax credit/rebate
Number of Jobs or Training Slots: 60
Source of Data:
(click here)
Notes: Year is fiscal year. Jobs is sum of new and retained positions.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.