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With commercial real estate developments, ribbon-cutting ceremonies marking the opening of a building almost always are the culmination of years of work that starts long before when shovels first break ground.
In 2025, some major developments will start coming online in a big way, or wrap up entirely.
Here is a roundup of some of the key projects that are set to open in 2025.
That’s a major step forward for the $1.4 billion effort, which when all is said and done will have taken the better part of a decade to complete following a December 2017 groundbreaking ceremony.
It’s been a wild ride for Gilbert’s skyline-defining development — and while there’s still quite a ways to go, the end finally seems in sight.
This is another Detroit development long in the making.
Way back when, this was originally supposed to be a West Elm branded hotel.
The 154-room, 10-story hotel at Woodward Avenue and Eliot Street in Brush Park will officially starting to take guests in early January, and separate but related components — including the restoration of the historic Bonstelle Playhouse/Bonstelle Theatre — are expected to open in the spring.
The hotel is a $49 million project spearheaded by Detroit-based developer The Roxbury Group, and the restoration of the Bonstelle immediately to the south — newly connected by a glass-enclosed bar — is between $7 million and $10 million.
The AC Hotel is another addition to the city’s hospitality scene, which industry experts say has a shortage of hotel rooms.
The AC Hotel and others — the luxury Edition and JW Marriott hotels under construction, for example — will help put a dent in that.
Speaking of a project being a long time in the making.
This effort in downtown Birmingham nearly didn’t happen after voters in the posh Oakland County city shot down a $57.4 million bond proposal in August 2019 that would have paid for a new parking deck as part of the effort to bring a flagship RH (formerly Restoration Hardware) store downtown, but to a different location.
Once that happened, the Corte Madera, Calif.-based luxury home goods retailer pivoted and instead proposed a new store at Old Woodward Avenue and Brown Street across from the Daxton Hotel, instead of Old Woodward and Bates.
But a pause in construction prompted by a complete redesign delayed its opening, which is now expected by November 2025, according to the development team.
The redesign was so unexpected that construction had even gotten to where elevator shafts and staircases had been built when RH put the brakes on it.
While not a commercial real estate development, the. new Ralph C. Wilson Jr. Centennial Park is a major undertaking by the Detroit Riverfront Conservancy to transform more than 20 acres of waterfront land west of downtown.
Construction on the 22-acre park started in 2022 and is expected to wrap up in the fall of 2025, Crain’s reported in November.
That will be a major accomplishment for the conservancy as it recovers from an embezzlement scandal by its former CFO, William Smith.
Last month, Smith pleaded guilty to embezzling at least $44.3 million. He is due to be sentenced in the spring.
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