Nonprofit Buys Dilapidated Southfield Hotel to Convert for Young Adults Aging Out of Foster Care

A nonprofit organization has purchased the dilapidated and vacant Plaza Hotel & Conference Center on J.L. Hudson Drive in Southfield to convert it into apartments for foster children aging out of the system.

The former Plaza Hotel & Conference Center was sold on March 21 to the Southfield Nonprofit Neighborhood Corp. for $3.1 million in a bankruptcy sale, Crain's Detroit Business reports.Crain's reports:

The Southfield Nonprofit Neighborhood Corp. — formerly the Southfield Nonprofit Housing Corp. — bought the hotel, but plans to only hold onto it temporarily. It intends to sell it to the Bloomfield Hills-based nonprofit The New Foster Care Inc., which seeks to convert the tower into 275 residential units: 187 studio apartments, and split the remaining 88 evenly between one- and two-bedroom units.