Update as of 7.31.18: these units are now available for sale, with occupancy expected in Fall of 2019! Prices range from the $170s to the $260s. Scroll down for the original post…
As the Detroit development/re-development boom continues to expand westward, the proposed re-development of the Grosfield Building in Southwest Detroit would move progress beyond Corktown, and into the northern reaches of Mexicantown. Located at the corner of Michigan Avenue and 23rd Street, The Grosfield Lofts project would transform the crumbling Grosfield Building into a mixed use development that would feature either retail or a restaurant on the lower level, with residential above.
It was reported in Crain’s Business Detroit last week that the residential component will feature 20 for-sale units in the 700 sqft to 800 sqft range, most with 1 bedroom and 1 bathroom, priced from around $175k to $250k. The $4M projected headed by Warehouse Development could get started later this spring, with construction expected to take 9 to 12 months. Pre-sales for the residential units is expected to start within the next week or so.
You can read more in Crain’s, here. If you’re working with a Realtor who knows new construction, have them reach out to The Loft Warehouse directly. If you aren’t working with a good new construction buyer’s agent, you should be – let’s chat; we are with you at each step in the process, and beyond!
Lou Bitove & Jeff Bortnick, owners of The New Home Experts®, have more than 30 years combined experience in real estate, much of that with builders like Pulte & Toll Brothers. They also provide market research for area builders, developers and national firms. If you’re considering a new home, remember: the builders rep represents the builder, not you. Work with the only local agents in Metro Detroit to specialize in new homes, and save money in the process – ask us how!