Eastern Market Innovation Hub
Mixed‑use community development in Detroit's historic Eastern Market district. 20,000 sq ft across two floors combining retail, hospitality, and nonprofit innovation space. Community‑centered development with sustainable returns and neighborhood transformation impact.
Space Planning & Revenue Model
Retail & Community Hub
- Community retail marketplace (4,000 sq ft)
- Local maker and artisan vendors (2,000 sq ft)
- PrintBox manufacturing station (800 sq ft)
- Community event space (2,000 sq ft)
- Shared kitchen for local food entrepreneurs (1,200 sq ft)
Bar & Innovation Space
- Full‑service bar and restaurant (3,500 sq ft)
- Nonprofit innovation lab and offices (2,500 sq ft)
- Co‑working space for community entrepreneurs (2,000 sq ft)
- Meeting rooms and conference space (1,000 sq ft)
- Rooftop terrace access (1,000 sq ft)
Revenue Diversification
$1.13M total annual revenue across retail leasing, event hosting, F&B operations, co‑working memberships, and community programming.
Community Integration
Partners with Eastern Market vendors, Detroit nonprofit organizations, and local entrepreneurs for authentic neighborhood integration.
Ecosystem Connection
Integrates with Innovation Labs ventures: PersonasOS, PrintBox station, cultural programming, and hospitality operations.
Community Programming & Impact
Programming designed to strengthen Eastern Market as Detroit's premier mixed‑use community while generating sustainable revenue. Focus on local entrepreneurship, cultural celebration, workforce development, and neighborhood transformation.
Economic Impact
150+ direct jobs across construction, hospitality, retail, and operations. Additional 200+ indirect jobs through supplier and vendor relationships.
Tourism & Visitors
15,000+ annual hotel guests plus restaurant and event visitors bringing new spending power to Eastern Market district.
Neighborhood Anchor
Catalytic development demonstrating luxury market demand in Eastern Market, encouraging additional investment and property value appreciation.
Development Timeline
Financial Projections & Investment Structure
10‑Year Financial Model
- Total Development Cost: $3.2M (acquisition + renovation)
- Year 1 Revenue: $850K (partial year operations)
- Year 2+ Revenue: $1.13M annually
- NOI Stabilized: $540K annually (48% margin)
- 10‑Year IRR: 18% including appreciation
- Exit Value: $8.5M (7.5x revenue multiple)
Community Impact Metrics
- Local Jobs Created: 35 direct + 60 indirect
- Small Businesses Supported: 40+ vendors and entrepreneurs
- Annual Community Events: 24 cultural programs
- Workforce Development: 200+ residents trained annually
- Nonprofit Partners: 20+ social impact organizations
- Food Entrepreneurs: 15+ ventures launched annually
Investment Opportunities
Community Partner
- Participation in retail and programming revenue
- Community advisory board representation
- Vendor and entrepreneur space allocation
- Event space usage rights
- Local hiring and procurement priority
Anchor Development Partner
- Equity participation in property appreciation
- Revenue sharing across all business lines
- Development decision making rights
- Naming and branding opportunities
- Programming and tenant curation input
- Long‑term operating partnership
Lead Developer
- Full project control and management
- Property ownership and equity upside
- Development fee and profit participation
- Portfolio expansion opportunities
- Innovation Labs ecosystem integration
- Multi‑property development pipeline
Eastern Market District Opportunity
Historic Market District
150+ year history as Detroit's food and cultural hub. 2.5M annual visitors creating established foot traffic and community connection.
Development Momentum
$50M+ recent investments in Eastern Market infrastructure, new residential development, and small business growth initiatives.
Transit & Access
Central Detroit location with QLine access, major highway proximity, and integrated bike/pedestrian infrastructure connections.
Partner with Eastern Market Development
Join the transformation of Eastern Market with community‑centered development that creates economic opportunity, strengthens neighborhood connections, and generates sustainable returns.
Ready to Build Community?
1320 Wilkins opens 2026 as Eastern Market's innovation anchor