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11/18/2019 <br />2017MarketStudyConductedby4WardPlanning <br />ͻbĻƷHousingDemandthrough2025is11,597unitswithina15 <br />minuteprimarymarketareaofDetroitandBelle!ǝĻƓǒĻƭͼ <br />500unitswouldcapture4.3%ofthemultifamilyhousingdemandin <br />thenext5years,andviathislegislationintroduceaffordabilityoptions <br />intheprojects. <br />CommercialDevelopmentProjectsCompleted:PermittedUses <br />DevelopmentNameAREA(ACRES)2018TaxValueTOTALTaxTaxValueperAcre <br />LakewoodFamilyHealthCenter1.81$$$ <br />CVS1.507$1,699,400$68,486$45,445 <br />RaisingCanes(formerBobEvans)0.9$1,096,900$44,205$49,117 <br />Proposed Modification to the Citywide Community Reinvestment Area (CRA) <br />GetGo1.725$2,181,000$87,894$50,953 <br />City Council Housing Committee <br />ManorPark&Detroit0.452$710,200$28,621$63,321 <br />November 11, 2019 <br />TacoBell0.326$534,100$21,524$66,025 <br />Bryce Sylvester, Director of Planning & Development <br />McDonald's0.71$1,298,000$52,309$73,675 <br />FamilyDollar0.807$1,545,300$62,276$77,169 <br />DiscountDrugMart1.584$3,247,100$130,858$82,612 <br />6 <br />