A development with 180 luxury condominiums along the east Detroit riverfront is planned now that the Detroit Police and Fire Retirement System has sold vacant land on East Jefferson Avenue for $2.3 million.

Shelby Township-based Shamrock Acquisition LLC purchased the land, which totals about 2.75 acres and had been planned to house a new headquarters for the retirement system before it moved into One Detroit Center.

Matthew Duffield, principal of Shamrock Acquisitions, said Thursday morning that the two-building high-rise development will also include underground parking, a rooftop pool and patio, and possibly about 40 boat slips.

The exact makeup of the development group is yet to be determined, he said, adding that he is in discussions with companies from Chicago and New York City. “We are interviewing the right development partners,” he said. “We are extremely excited.”

A construction time frame has not been determined, and Duffield declined to disclose expected development costs.

The land is just east of the River Towers high-rise apartment buildings with 472 units between Gabriel Richard Park to the west and Owen Park to the east.

Duffield and Ryan Houlihan own Shamrock Acquisitions.

The retirement system staff had occupied about 17,000 square feet on the ninth floor of the Coleman A. Young Municipal Center at 2 Woodward Ave., directly across Larned Street from One Detroit Center at 500 Woodward Ave., before moving into the Dan Gilbert-owned skyscraper in May 2014.