Community revitalization through innovation

The Michigan Strategic Fund approved several community revitalization projects around the state Tuesday. Among them was Exchange, a mixed-use residential building in the Greektown neighborhood of Detroit.

Through activating a currently unused space in the neighborhood, Exchange helps bridge Greektown and Detroit’s Central Business District, generates increased tax revenue, and brings much-needed housing to the area. The 16-story high-rise includes 153 residential apartments and 12 for-sale condominiums exclusively on the top two levels of the building.  Exchange features ground-floor retail and office space, as well as tenant amenities including a fitness room, clubroom and outdoor deck area.

The full press release from the Michigan Economic Development Corporation (MEDC) can be read here.

Along with being a member of the development team, LIFTbuild is serving as general contractor for Exchange. Breaking ground in fall 2020, Exchange is the first North American project to utilize the LIFTbuild assembly system. The technology allows for a column-free environment and open, clear-span views from each residential unit. Efficiencies inherently built into the assembly process will allow the project to be completed 30% faster than traditional construction.