After more than a decade of false starts, the long-vacant 3045 Broad St. property in downtown Dexter is once again moving toward redevelopment, this time with a formally approved agreement in place.
The Dexter Downtown Development Authority (DDA) has approved a purchase and sales agreement with the Ferlito Group, marking the most significant step forward yet for a site that has long frustrated city leaders and developers alike.
Under the approved agreement, the DDA will sell a collection of five parcels along Broad and Forest streets for $1.39 million, with plans for a mixed-use development that includes both residential and commercial space. The project is intended to bring new housing and business activity to the downtown…