Friday, March 24, 2006

480-unit condo/retail project proposed for East Riverfront

Just months after the demolition of three cement silos began on Detroit's riverfront, city officials have begun announcing a slew of new developments that will take their place.

In mid-March, the Kilpatrick administration announced it had chosen a $193-million proposal from local developer and Detroit native Dwight Belyue for 18 acres surrounding a portion of Atwater Street, which is located about a mile east of the Renaissance Center in Detroit's Rivertown district.

According to John Gallagher's article on the subject in the Detroit Free Press, the proposed project, called @water Lofts, contains 480 new condominium units. The average size will be 1400 square feet and prices will range in the upper-$300,000 level.

The proposal also calls for over 40,000 square feet of retail space, along with parking for the condos.

Beginning preparations for the @water Lofts project are set to begin this summer, and the first units are forecasted for completion at the end of 2007.

Interested parties should contact the Detroit branch of Global Group GMAC Real Estate at 313.832.9000 for more information.

Have a question or comment on this post?
I'd love to hear from you!
E-mail me at

Technorati Tags: