$250 million Riverfront condo plans moving along

Detroit Economic Development Corp. is expected to approve the development agreement of The @water condos -- a $250 million project with 600 midrise condos, including several million-dollar penthouses.

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"This is transformative," Mayor Kwame Kilpatrick said Thursday. "It's revolutionary. It was dusty cement silos. "What this now does -- with The @water, Chene, Uniroyal -- this says we are serious about the riverfront," he said, ticking off other developments planned for the land stretching from Renaissance Center to Belle Isle.

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