The Economic Development Standing Committee convened on October 30, 2025, to review multiple public hearings, contract amendments, and property transactions. The primary focus was a public hearing for a commercial rehabilitation certificate for the Broderick Tower project, which sparked significant discussion regarding affordable housing units and ADA accessibility, ultimately resulting in the item being tabled for further review. The committee also addressed a series of contract requests related to homelessness services, neighborhood beautification, and property acquisitions/sales, generally approving items with recommendations or deferring those requiring additional data.
Broderick Tower LLC (Line Item 1105): The developer, TIR Equities, proposed a $45.6 million renovation to create 125 units (25 affordable at 60% AMI) and commercial space.
Detroit Land Bank Authority Items:
Contract Amendments & Funding (Lines 10.1 - 10.13):
Property Transactions (Lines 10.18 - 10.25):
Economic Development Standing Committee for today, Thursday, October 30th, 2025. Mr. Clerk, will you please call the roll? Good afternoon. Council President Pro Tem James Tate. Yep. Councilmember Frederick Hall III. Councilmember Letitia Johnson. President. Mr. Pro Tem, there's a quorum. Thank you. We have a quorum, which means we're now in session. We will now everybody's just popping up on the screen. You're on your way. But I'm glad they're here because we'll now like to call back to order the 1105 public hearing. That is for a request for a commercial rehabilitation certificate for the Broderick Tower LLC in the area of 10 Withall Street and 1556 Woodward Avenue, Detroit, Michigan, according to public act. 210 of 2005. The parties who are participating, when you see yourself on the screen, please introduce yourselves for the record. Good afternoon. Good day. Good night. Uh consultant to the developer. And that's it. Do we have some other folks joining us? Yes, we have the developer. Ara, could you introduce yourself? You're muted. My apologies to everybody. Uh R Drakson from TIR Equities Developer. And sorry for the latent aisle O4 housing and revitalization department. Good afternoon. Good afternoon. All right, Mr. Cook, floor is yours. And if uh anyone else is going to join us, we'll allow them to do so as the presentation um progresses. All right, thank you. To the chair, Brad Tower RLC is requesting a commercial rehabilitation certificate in the area of 10 Whitegroff Street and 1556 Woodward Avenue. This application is for a certificate, and this is the final public hearing currently scheduled in front of this honorable committee before a certificate may be approved and issue. The DEGC and petitioners present to answer any additional questions. Thank you. Thank you. Thank you, Justice. To the chair, may I share my screen, please, sir? Yes, sir. Thank you. All right. So uh today we have come before this honorable body to request a commercial rehabilitation exemption certificate for the Broderick Tower project being led by the development team of TIR equities. The developer will invest 45.6 million dollars to acquire and renovate the Broadway Tower located in the heart of downtown. This renovation includes 125 residential units, with 25 of them being offered at 60% AI AMI and approximately 8,900 square feet of commercial space to include a fitness, uh wellness bar, a speakeasy lounge, and a bodega style market.