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