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A new jazz club, a boutique hotel, art galleries and headquarters for the Michigan Chronicle newspaper are all planned for the revitalized Paradise Valley Cultural and Entertainment District in downtown Detroit.

The city’s Downtown Development Authority announced Wednesday that five teams have been selected to redevelop multiple city-owned buildings and lots in the tree-lined enclave on the east side of downtown that once was known as Harmonie Park.

Including the cost of buying the buildings from the city, the five teams will invest at least $52 million in the district. The city renamed the district several years ago to evoke the lost vibrancy of the old Paradise Valley district wiped out by urban renewal in the 1950s.

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