Construction Law Insights
434-846-2768

On November 30, 2017, Wayne State University and Corvias completed a financial closing that secured $307.5 million in private financing for the development of new construction and the renovation of existing housing at Wayne State University’s campus in Detroit, Michigan. 

The initial $307.5 million will be used to pay off $102 million in existing housing debt and fund the continued construction of the new Anthony Wayne Drive Apartments, demolition of the Helen L. DeRoy Apartments, and the renovations to the Chatsworth Apartments. This 40-year partnership agreement will result in the delivery of 841 new beds, 368 renovated beds, enhanced green spaces, new retail offerings, and Corvias’ management and maintenance of the 2,950 existing beds across Wayne State University’s campus. PLDR was privileged to serve as the lead construction counsel in the transaction and congratulates Corvias and Wayne State University on the partnership.


To see the progress with the new Anthony Wayne Drive Apartments, watch this time-lapse video: https://www.youtube.com/watch?v=BX3biMqIcTs.

 

PLDR Law Scott Kowalski 1 PLDR Law Andrew P Pearson 1 

PLDR Law Mark Burgin 1

Office Hours

Monday - Friday
8:30 a.m. - 5:00 p.m.
Saturday Closed
Sunday Closed

Contact Us

925 Main St., Suite 300 
Lynchburg, VA 24504 


434-846-2768


312 Main St., Suite 200 
Danville, VA 24541 


434-792-2424


434-847-0141


This email address is being protected from spambots. You need JavaScript enabled to view it.
pldr law firm facebook icon