Shopping Center Business

MAY 2016

Shopping Center Business is the leading monthly business magazine for the retail real estate industry.

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CENTER REVIEW 110 • SHOPPING CENTER BUSINESS • May 2016 are literally at the center of it all," Broder says. The Scott's historic Brush Park location is just one block away from Detroit's new M-1 rail line, with several of Detroit's most iconic neighborhoods — including Downtown, Midtown and Eastern Mar- ket — within easy walking distance. "All of the culture and nightlife that Detroit has to offer is just minutes away," Broder says. "From Tigers games at Co- merica Park, to evenings with the Detroit Symphony Orchestra, residents can walk to stadiums, theaters, restaurants and shopping." The project is not far from Wayne State University, Detroit Medical Center and Henry Ford Health System. Additionally, residents will be able to shop at the nearby Whole Foods Market and Eastern Market — both of which are just a short walk away. Perhaps the most significant neighbor- hood amenity has not even been built yet: The Scott is directly across the street from the new $650 million Detroit Red Wings arena and entertainment district. Broder & Sachse, which is responsible for leasing and property management, recently announced that pre-leasing is now available for The Scott's 199 resi- dential units — which will include eight studio apartments, 63 one-bedroom, 120 two-bedroom and eight three-bedroom units. Prices range from $904 per month for a studio to $2,849 for a three-bedroom unit. At a time when downtown Detroit is booming with award-winning renova- tions, revitalizations and exciting new ex- amples of adaptive reuse, it is noteworthy that The Scott is literally and figuratively breaking new ground. In an evolving ur- ban cityscape with an abundance of new retail, residential and mixed-use develop- ment, The Scott already stands out from the crowd. SCB Rendering of the lobby for the 199 luxury residences that are part of The Scott. A full-time lifestyle curator will be on staff at The Scott to plan gatherings and other events.

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