The Detroit Economic Growth Corp., has chosen Banyan Investments, LLC for the re-development of the vacant Stone Soap building, along the east riverfront. The $27M project will feature 33 apartments, 30 condos, a “European-style” market with food retailers and seating, plus a new home for the Shakespeare in Detroit nonprofit.
Construction is expected to begin in the spring and take about two years to complete.
The existing 3 structures on the property to be renovated were built between 1907 and 1929; a new addition to those structures is expected as well.
Banyan is currently redeveloping the former St. Charles School into the St. Charles Residences, in Islandview.
To learn more about the Stone Soap Building development, click here; to learn more about new homes across metro Detroit, click here.
New Home Expert Realty owners Lou Bitove & Jeff Bortnick 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!
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