David Grasso has some sweeping plans for the southwest corner of Woodward Avenue and West Grand Boulevard, and he expects to have more details later this summer.

The Philadelphia developer and I met up for a cup of coffee this morning at the new Detroit Foundation Hotel before his 2:30 p.m. flight back home.

The last time I had spoken to him was in April, when rumors were circulating that a developer from the City of Brotherly Love was planning a 20-story-plus building at that location.

To be sure, Grasso, the CEO of Grasso Holdings LLC, still doesn't know exactly what he expects to put up at that property, the purchase of which he said he has now closed on.

But it could be large. ("Could" is the operative phrase here.)

Over the course of our chat, he said if he builds something at that location, it could be as tall as 35 stories with a mix of residential, office and retail space. But he expects to decide how large his planned project is within the next four to six weeks.

The project faces any number of potential snags, the largest of which is securing financing in a greater downtown market that has seen lots of development interest from local, national and international players but still almost always requires gap financing and incentives to make projects work financially.

Sue Mosey, executive director of former property owner Midtown Detroit Inc., confirmed the sale Wednesday.

Midtown Detroit purchased the property in 2015 as part of a broader strategy to reshape the streetcar path's northern edge.

It was part of a large deal that included 11 buildings totaling about 64,000 square feet along Woodward between Milwaukee Street and Grand Boulevard.