DETROIT (WXYZ) — Another new development is coming to downtown Detroit, and its new home is the 511 Woodward Building, which has sat vacant for years.
Zaid Elia, founder of The Elia Group, and Wayne County Executive Warren C. Evans announced the new development, which will house the Capital One Café, which is the building's first new tenant.
“We are extremely excited to bring this project from concept to reality,” said Elia. “The property has been sitting vacant for well over 20 years and through a concerted, forward-thinking effort with our team, Wayne County, the City of Detroit, and many others, the iconic 511 Woodward building will once again be a vibrant part of the city’s landscape, growing workforce, and visitors.”
511 Woodward Building was home to Detroit's first telephone installation in 1877. Soon it will be home to a full-service Peet's Coffee bar, local Detroit bakeries and of course Capitol One Bank with access to ATMs.
The 7,000-square-foot, two-story building will have free community room space for registered nonprofits, alumni and student groups, according to a release. There will also be semi-private spaces and nooks that will be available on a first come, first served basis.
“We believe strong communities and strong businesses go hand-in-hand, which is why we are thrilled to be opening this new location in Detroit,” said Ryan Laudenbach, Capital One Market Executive. “Our hope is that the Café will provide the community with the resources they need and more. What motivates us is that we have both the opportunity and responsibility to help our customers in their financial lives - to save them time, money, and to inspire a sense of optimism about the future, every day.”
The Capital One Café is slated to open in 2020