
The $75 million project will turn the former United Artists Building into the Residences @ 150 Bagley. The project is led by the Detroit-based, African American-led development team of Bagley Development Group, which is revamping the nearly 100-year-old building at 150 Bagley St. into 148 apartments, 20 percent of which will be reserved as affordable housing at 80 percent area median income.
In addition to one- and two-bedroom units that will be up to 1,300 square feet, the redevelopment will also activate approximately 10,000 square feet of retail and dining space along Bagley Street, adding to the growing number of shopping and dining options downtown. The building is slated to open in late 2023.
Bagley Development Group is comprised of Emmett Moten, Scott Allen, Larry Brinker Sr., Tom Goss, Richard Hosey, Roy Roberts and Jim Thrower, who combined have decades of development experience in Detroit and have helped to save a number of the city’s vacant historic buildings, including the Fort Shelby Hotel, Farwell and Capitol Park buildings, and soon, the Fisher Body 21 plant.
"My partners and I are honored to develop Residences @150 Bagley in such a vibrant, downtown community," said Moten, the group’s managing partner. “Residences @ 150 Bagley represents the perfect model for urban development, with the public and private sectors working collectively to benefit the community.
“Residences @ 150 Bagley, will become a flagship, residential development in The District Detroit, and will honor the past while creating the next step in downtown’s exciting future.”