Developers behind the Detroit Shipping Company are embarking on a new project to build more space for food vendors and apartments in Midtown.
The Five and Dime is a $2 million joint project of Detroit Rising Development and Facilities Management Group. They’re seeking to redevelop a vacant building at 3700 3rd Ave. into a multi-tenant food and beverage collective with 10 single-unit apartments on the second floor.
The project will seek a 12-year tax exemption, according to city records. Jonathan Hartzell, co-owner of Detroit Rising Development, described it as a platform for small startup vendors and a collective environment fostering collaboration and shared efficiencies.
City records show the building has been vacant for the last decade. Restoration work includes significant upgrades to plumbing, electrical and HVAC systems, new windows, floors and some demolition.
