DTE reportedly purchased the Detroit hotel for more than $3 million as the Red Wings arena .
The public is invited to the groundbreaking at 11 a.m. today.
The 104-year-old building was popular on Tumblr, Instagram and Facebook.
At least two residents were injured and waited more than a half hour for paramedics.
Investigators are trying to determine whether the fire was related to a ruckus party and alleged gang rape.
It’s unclear how many people were injured or killed in the fire, but authorities at the scene said up to 10 people are still missing.
While residents are deprived of a safe, clean environment, the company is raking in federal tax subsidies for low-income residents and people with disabilities.