Submitting reso. autho. Community Benefits Provision The District Detroit Project. (The City of Detroit (“City”), City of Detroit Brownfield Redevelopment Authority (“DBRA”), Detroit Economic Growth Corporation (“DEGC”), and Related Olympia Predevelopment Company (“Developer”) which consists of Olympia Development of Michigan, LLC (“ODM”) and The Related Companies, LP (“Related”) have been in discussions to bring an estimated investment of approximately $1.532 billion dollars to the properties located at 2200 Woodward Avenue, 2250 Woodward Avenue, 2211 Woodward Avenue, 2300 Woodward Avenue, 2305 Woodward Avenue/2300 Cass Avenue, 2455 Woodward Avenue, 408 Temple Street, 2305 Cass Avenue, 2115 Cass Avenue and 2210 Park Avenue known collectively as The District Detroit. It is anticipated that this project will redevelop the ten (10) existing structures and vacant parcels into new and renovated uses resulting in the creation of four (4) mixed use residential buildings with 865 mixed income residential units and 146,000 square feet of retail space1 , four (4) commercial buildings with 1.2 million square feet of office space, two (2) hotels with 467 hotel rooms, and 9,357 interior and surface parking spaces to the Downtown, Brush Park and Midtown neighborhoods.) (POSTPONED FROM THE FORMAL SESSION AGENDA OF 3-21-23 AND BROUGHT BACK AS DIRECTED ON 3-28-23)