Looks likewe started our thread just in time for this weeks Model D developemnt update
http://www.modeldmedia.com/default.aspx
Construction begins on Vinton Building rehab Downtown
Construction has begun on the rehabilitation of the Vinton Building, a 1917 Albert Kahn-designed skyscraper located at the northeast corner of Woodward and Congress. Interior demolition is underway, asbestos and lead abatement have been completed, and exterior masonry work is to start this
week.
The building’s developer, Vinton Building LLC, is a partnership consisting of 10 individual investors — eight of whom will each own and occupy one floor and two — Robert Porcher and Aaron Alston of RP3 Developments LLC — who will own four floors. The Garrison Company is the project’s general contractor. Norm Davies, the Vinton Building LLC’s secretary as well as future resident of the building’s 10th floor explains: “We've been able to place a premium space into the hands of moderate-level investors using this collaborative partnership.”
The first floor of the Vinton Building will be commercial, the second floor office space, and the remaining 10 floors residential. Each 3,600-square-foot floor will include two furnaces and two air-conditioning units. The 5,600-square-foot basement will be converted into a parking garage with room for one car per living space. The garage will be accessed off the alley.
The Vinton Building was originally built as the headquarters for the Vinton Company, Albert Kahn’s primary construction partner. It recently sat vacant until the City of Detroit issued a Request for Proposal for its redevelopment. Davies expects construction to be complete by December of this year.
Source: Norm Davies, Vinton Building LLC
MSHDA awards loan to 75-unit Willys Overland Lofts in Midtown
The State of Michigan approved a Homebuyer Mezzanine Construction Loan to develop the Willys Overland Lofts on West Canfield between Cass and Second Avenues in Midtown. “The Willys Overland renovation is an integral part of the city’s efforts to revitalize the entire downtown, and we are pleased to be a part of this exciting project,” MSHDA executive director Michael R. DeVos said. “By providing this loan, we are demonstrating our commitment to the redevelopment and success of Detroit.”
Willys Overland Lofts will consist of 75 units that will range in size from 1,000 to almost 3,000 square feet and will sell starting from the $170,000s. Selected condominiums will have private rooftop terraces, ground floor units will have private patios, and all residents will have access to a common rooftop garden.
Constructed in 1912 for Willys Overland Company, the building also served as a dry goods store, a department store, and most recently, a Detroit Public Schools warehouse. The project is being developed by Midtown Development Inc. and DeMattia Investments II, LLC.
Source: MSHDA
Nine on Third townhomes going up, more units planned in Midtown
Nine on Third is situated facing Third Avenue rather than Canfield Street because, “[That orientation] went towards the character of how the neighborhood was originally planned. It will create an enclosure for the street,” explains Kevin Borsay of Archive DS, the project’s design firm.
The 1,100 square-foot townhouses, which have been designed to complement the Canfield Historic District, will each include two bedrooms, 1.5 baths, a balcony, two spaces of interior parking, and will start at $209,000. “The interior brick walls, exposed interior structure, 10-foot ceilings, and exposed spiral ductwork make the townhouses feel very ‘lofty’,” says Borsay. Archive DS anticipates the units to be made available for purchase in May.
The project’s construction partner is Shaheen Enterprises. The team also recently purchased 701 W. Canfield, a vacant multi-family building located across the street from Nine on Third, with plans to create 4 or 5 condo units. “We like this area because of its location within the Canfield Historic District—that’s a big plus. Another bonus is that we’re in the Wayne State police response area,” says Borsay.
Source: Kevin Borsay, Archive DS
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