There’s another proposal to build new housing along Detroit’s Avenue of Fashion.

A joint venture between Warren-based builder Brown Schroeder & Co. and Shelby Township-based BmK Design+Planning LLC is planning to tear down the former Fred’s Furniture Liquidation Inc. store at 20201 Livernois Ave. a block and a half south of Eight Mile Road and replace it with a $14.2 million mixed-use building.

The three-story building would include 50 apartments, plus a 4,000-square-foot restaurant and another 3,000-square-foot commercial space, said Kevin Schroeder of Brown Schoeder & Co.

On Tuesday, Schroder said demolition would begin this spring and construction would wrap up in 2027. He said there is a signed letter of intent with a local restaurant owner, but declined to identify them.  

The joint venture purchased the nearly 18,000-square-foot building for $975,000 in 2023, according to CoStar Group Inc.

According to city council briefing documents, the new building is expected to be comprised of the following:

• 12 studios averaging 445 square feet with rents between $1,115 and $1,370 per month. Six of them would be considered affordable at 60%-80% of the Area Median Income. 
• 34 one-bedroom units averaging 620 square feet and renting between $836 and $2,050 per month. Three would be considered affordable. 
• Four two-bedroom units (two considered affordable) averaging 995 square feet and renting for between $1,201 and $2,400 a month.