ANN ARBOR | Collective on 5th | 180 FT | 17 FLOORS

[animatedmartian]

About 2 years ago, the City of Ann Arbor set out to develop a parking lot adjacent to the city library. After dozens of proposals, the city council focused on Chicago-based Core Spaces' proposal. On January 20th, 2016, Ann Arbor's city council voted to start negotiations on selling the library lot to Core Spaces. The proposal itself has three massing options though Option B is the favored one.

Developer confident heading into Ann Arbor Library Lot negotiations

Myefski Architects, the design firm working with Core Spaces, on Wednesday released new renderings of the project officially known as The Collective on 5th, showing views from both the east and west, as well as the proposed plaza.
Core Spaces is offering the city $10 million for the development rights to the Library Lot, the parking lot above the Library Lane underground garage.

The 352,496-square-foot building, as currently proposed, would include 360 apartments, 131 hotel rooms, 3,353 square feet of retail/restaurant space, and 20,198 square feet of office space.

With only seven council members in favor of entering contract negotiations Tuesday night, the development team will have to work to pick up at least one more vote by the time a negotiated sale agreement comes back to council in April.

The sale will require eight votes, which means opposition from just four council members will effectively block the development.

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