The Coe at West VillageDetroit, MI
The Coe is a new $4 million mixed-use development in Detroit’s West Village neighborhood—the first major construction project completed in conjunction with Invest Detroit’s Strategic Neighborhood Fund. Developed by Detroit-based Woodborn Partners, the Coe includes 12 residential units and 1,200 square feet of retail space. Eight of those units are townhouses, and four are apartments ranging from 560 to 1,378 square feet. Three of the apartments were set aside for low-income residents at affordable rates. The first retail tenant, a hot yoga studio, opened in June 2018, and the second tenant is expected to open later this year. Christian Hurttienne Architects was the architect of record while Sachse Construction served as the construction manager.
The Coe is not only a trailblazer when it comes to the Strategic Neighborhood Fund, which is designed specifically to drive inclusive economic growth and encourage mixed-use development in targeted neighborhoods, it is also the first ground-up multifamily project in the neighborhood in decades—a development with enormous civic significance in Detroit’s continuing urban renaissance. The success of The Coe is living proof that development is both wanted and needed in urban Detroit neighborhoods that are not located in the heart of downtown development and redevelopment activity.
The Coe serves as an outstanding example of how to successfully complete urban infill in a city where urban infill is going to be critical in the years to come. In fact, a number of developers and civic officials have already visited and studied the project, hoping to learn valuable lessons they can apply to other projects going forward.
The Coe’s financing package was put together through Capital Impact Partners and JP Morgan Chase, and a second layer of financing was secured through Invest Detroit—along with equity contributions from Woodborn Partners. Additionally, the project benefitted from a MEDC grant from the State of Michigan, and tax abatements from the City of Detroit. The combination of public and private monies, and incentives designed to promote the development of community-building projects exactly like The Coe, is a testament to the civic and institutional support that helped bring this remarkable mixed-use development to life.