Ground has already been broken for the new Red Wings arena. In fact, the entire neighborhood around the arena is part of the project. Detroit is making a great effort to make a good stretch of Woodward Avenue a great destination with both theaters and stadiums/arenas.
Check out the preview of the Detroit District, focusing mainly on the new "Hockeytown" in this YouTube video. It is supposed to be ready in 2017, and it should be spectacular.