Basco Breaks Ground on New $38M Mixed-Use Development in Detroit’s Historic Paradise Valley

After seven years of preconstruction planning and a process that was described as “extremely difficult” by Mayor Mike Duggan and Basco Founder and President Roger Basmajian, ground finally broke on The Reckmeyer – a transformational new $38 million development in downtown Detroit’s historic Paradise Valley neighborhood. & & & & & & View this post on Instagram & & & & & & & & & & & & A post shared by Michigan Chronicle (@michiganchronicle) The Reckmeyer is a mixed-use development project located at 1322, 1326, and 1332 Broadway in the heart of Detroit’s Broadway Historic District and the Paradise Valley Cultural and Entertainment District. The project includes the restoration of two historic building facades to their original glory, plus a new ground-up residential and retail development, with estimated completion in December 2025. Basmajian said this project was very, very complicated, as he and his team set out to save historic facades the best they could and create density in the project. “This process started in 2017. The buildings themselves are three separate buildings with three different floor and ceiling heights, so it was impossible to create one larger building that would be ADA accessible. Then we wanted to...