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Wayne Lofts redevelopment pitched as major Corktown conversion; committee moves project to formal with recommendation
Summary
Developers described a $71.8 million plan to convert the vacant Wayne Executive Plaza into ~354 apartments (including 71 affordable units), commercial space and a 114‑room boutique hotel under an Obsolete Property Rehabilitation district; staff recommended district establishment and the committee moved the item to formal with recommendation to approve.
City staff and the development team presented the Wayne Lofts (Wayne Tower/Executive Plaza) proposal during the committee's 10:30 public hearing, describing a large conversion of two vacant office towers into mixed‑use housing and hotel space.
Justice (last name used in transcript) from the Housing & Revitalization Department outlined the statutory basis for an Obsolete Property Rehabilitation Exemption district (OPRA) and noted the assessor confirmed eligibility. Halton Williams (DEGC) and Dalen Hannah of Blackacre Management described the scale and intended program: approximately $71.8 million in total redevelopment to…
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