This is big news for Detroit. Probably along with the train station, the Packard Plant was a symbol of the D's blighted era.
If you're wondering what this looked like before, Anthony Bourdain made a stop to this site on his show a couple years back, now getting $20M+ in development:
https://www.youtube.com/watch?v=WpF8eZ3bPqE
Lot of good things happening there right now.