Proposed mixed-use development at Bermuda and E. 9 Mile
Ferndale
Summary
Cypress Partners is floating a PUD with a 7-story building, 250-space public parking deck, 86 market-rate apartments and retail on the city-owned lot behind Como's plus an adjacent private lot. Residents are worried about traffic near Woodward, the city's $12–15 million bond, building scale, and losing the open corner used for festivals.
At a glance
- Total mentions
- 1
- Last 30 days
- 0
Last discussed May 20, 2026.
Impact analysis
The city would issue a roughly $12–15 million revenue bond for the parking deck, paid back through parking revenue and a brownfield TIF.
Downtown businesses and visitors gain 164 public parking spaces; new residents gain housing steps from Woodward.
Residents near the congested 9 Mile/Woodward corner face added traffic, and some worry taxpayers could be left holding the bond if parking revenue falls short.
Mentions & discussions (1)
Related development
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