Where were you 20 years ago?
Do you remember the demolition of the JL Hudson department store located on Woodward Ave on October 24th, 1998?
Construction on the iconic building started in 1911 and it ended in 1946. Over the years it wasn’t uncommon for many people to want to come to Hudson’s department store because it was as iconic to the Detroit area as Macy’s is to New York.
During the mid-twentieth century, Hudson’s department store trumped other major retailers across the United States and in 1954 alone they had sales of well over $160, this is equal to about $1.4 billion today.
Sadly, sales at Hudson’s department stores started to decline by the mid-1970s. This was partly due to the fact that other major retailers began to compete with them and by 1983 Hudson’s would finally close.
What’s next for the site?
The former site of Hudson’s department store won’t stay vacant for long since the construction of a new mixed-use building started in December of 2017. The new building will be well 800 feet tall and have plenty of residential space, office space and retail space to choose from.
What’s going to set the building apart from other new high-rises in the Detroit area is that it’s also going to have a state-of-the-art observation deck which will enable anyone to travel to the top of the building and look out at the wonderful Detroit skyline.
Are you investing in Detroit?
The redevelopment of Detroit is moving forward fast, are you a part of it? Learn more about real estate investment properties in Detroit by calling Strategy Properties at (734) 224-5454 or connect through our website strategyproperties.com