The Detroit Medical Center is dropping plans to join a $70 million development near the Little Caesars Arena, officials confirmed Tuesday.
“After careful consideration, we have made the decision to focus on our core mission and the DMC will not move forward with plans to lease space for a sports medicine institute. Our decision allows us to reallocate resources appropriately in this changing environment,” representatives said in a statement.
A rendering of the building at 2715 Woodward Avenue. (Photo: Olympia Development)
“We appreciate the efforts of Olympia Development of Michigan and value our relationship with the organization. We have come to this decision in cooperation with them and we appreciate their support for the DMC’s core mission.”
In 2018, DMC and Olympia Development of Michigan announced plans for a sports medicine institute in a 127,000-square-foot property at Woodward Avenue and Sproat, which would replace a former surface parking lot.