Detroit New Construction & Proposed Multifamily Projects

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Detroit New Construction & Proposed Multifamily Projects Detroit New Construction & Proposed Multifamily Projects 2Q19 ID PROPERTY UNITS 1 Montclair at Partridge Creek 613 4 Mosaic of Auburn Hills 81 43 5 Encore at Ashby Preserve 75 8 Cedar Valley 86 Total Lease Up 855 14 City 60 15 Redwood Macomb Phase II 90 16 Redwood White Lake Phase II 50 Total Under Construction 200 44 30 Michigan State Fairgrounds 200 95 39 Orchard Lake Road Mixed-Use / 250 Keego Harbor 14 41 Fountain Circle 258 4 42 42 Blossom Mills 137 94 8 15 16 91 93 41 92 78 77 1 43 Abbey Ridge Apartment 100 Homes Phase II 39 44 Encore at Deerhill Villas 92 Total Planned 1,037 76 63 Benjamin O. Davis Veterans Village 50 5 66 Michigan State Fairgrounds Phase II 300 73 Little Mack Avenue 60 74 Erin Park 52 75 Twelve Mile Road 100 75 73 76 15245 Clinton River 60 77 Lakeside Circle Senior 57 78 Lakeside Village 100 91 Legacy Rochester Hills 359 74 92 Rochester Hills Trio 124 93 21 Mile Road & Hayes Road 96 30 66 63 94 Front Street Town Center 100 95 Orchard Brook Phase II 154 Total Prospective 1,612 2 mi Source: Yardi Matrix LEGEND Lease-Up Under Construction Planned Prospective Detroit New Construction & Proposed Multifamily Projects 2Q19 36 37 84 81 82 79 85 86 38 83 ID PROPERTY UNITS 6 Icon on Main 91 7 Ferndale Haus 115 Total Lease Up 206 13 Griffin, The 245 Total Under Construction 245 31 Billings Place Mixed Use 169 32 Ferndale Haus Phase II 100 33 Harrison Phase II, The 184 34 Hazelton, The 114 35 Iron Ridge Marketplace 72 36 McClure 75 6 37 Zen 152 38 Woodward Avenue 78 31 Total Planned 820 80 34 79 Riverland District 212 33 80 Royal Oak Mixed - Use 72 81 Big Beaver Road 300 13 35 82 Harrison Poolside 91 83 Millennial Place 300 84 Troy Town Center 265 85 Maple & Woodward 550 32 North Old Woodward & Bates 86 Street 100 7 Total Prospective 1,602 2000 ft Source: Yardi Matrix LEGEND Lease-Up Under Construction Planned Prospective Detroit New Construction & Proposed Multifamily Projects 2Q19 ID PROPERTY UNITS 10 Baltimore Station 161 Total Lease Up 161 61 17 Boulevard, The 232 21 Woodbridge Estates Phase II 80 Total Under Construction 312 58 28 Temple Street 100 29 Albert Kahn Building 29 Redevelopment 211 10 45 Grand Jefferson 240 17 65 46 Brush Park Redevelopment 303 47 Eddystone Hotel Redevelopment 100 48 Russell Flats, The 82 64 49 Woodward at Midtown, The 110 Total Planned 1,146 104 103 102 55 Orleans Landing Phase II 230 56 Renato at Pullman Parc, The 180 57 3750 Woodward Avenue 250 62 58 7198 Gratiot Avenue 231 57 59 American, The 163 48 60 Brewster Wheeler Recreation 150 60 45 Center Redevelopment 49 101 100 61 Packard Plant Phase III 100 46 62 Wayne State University 248 21 59 98 64 Cass and York 133 47 West Grand Boulevard & 28 56 65 Woodward Avenue 100 96 East Jefferson 213 97 East Riverfront 360 98 Eastern Market Gateway 253 100 Brewster - Douglass Site 648 96 101 Midtown West 175 55 102 Sugar Hill 84 97 103 Van Dyke at Kercheval 76 104 Lee Plaza 250 Total Prospective 3,844 1000 ft Source: Yardi Matrix LEGEND Lease-Up Under Construction Planned Prospective Detroit New Construction & Proposed Multifamily Projects 2Q19 ID PROPERTY UNITS 2 Corner, The 111 3 Elton Park Phase II 99 9 Farwell, The 82 Total Lease Up 292 11 Book Tower 95 12 Hudson's Site 330 18 Gabriel Houze 110 20 Residences @ 150 Bagley 148 23 City Club 288 Total Under Construction 971 24 Detroit Free Press Building, The 130 27 25 Monroe Block 482 50 Park Avenue Building 51 26 Redevelopment 100 52 27 Shapero Hall 314 26 Total Planned 1,026 54 20 23 50 1401 Rivard Street 314 12 51 Blenheim Building Redevelopment 100 99 11 52 Fine Arts Building Redevelopment 100 3 9 25 2 53 Gateway Center Building 200 53 Redevelopment 54 Hastings Place 60 18 67 16th & Bagley Street 60 24 68 2087 Vermont 100 68 99 Leland, The 339 105 Hubbard-Vernor 53 Total Prospective 1,326 67 105 500 ft Source: Yardi Matrix LEGEND Lease-Up Under Construction Planned Prospective Detroit New Construction & Proposed Multifamily Projects 2Q19 19 40 87 90 89 ID PROPERTY UNITS 19 Marquette, The 100 88 22 Village at Northville, The 190 Total Under Construction 290 40 Orchard Mews 192 Total Planned 192 71 70 69 Inn at St. Johns, The 234 72 70 Northville Downs 150 71 Haggerty Square 201 72 Victor Pkwy & 7 Mile 265 87 Stonecrest Senior Living 92 88 Thomas Street 115 22 89 Bond, The 253 69 90 Erwin Orchards 579 Total Prospective 1,889 1 mi Source: Yardi Matrix LEGEND Lease-Up Under Construction Planned Prospective Detroit New Construction and Proposed Multifamily Projects PERMIT FORECASTED START OF ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET DATE COMPLETION DATE RENT-UP 1 Montclair at Partridge Creek 17721 Montage West Clinton Township MI 48038 Lease-Up 613 Clinton Township - west 09/08/2015 01/31/2022 05/30/2016 2 Corner, The 1620 Michigan Avenue Detroit MI 48216 Lease-Up 111 Detroit - south 04/01/2017 11/30/2019 05/01/2019 3 Elton Park Phase II 8th Street & Plum Street Detroit MI 48216 Lease-Up 99 Detroit - south 07/24/2017 09/30/2019 04/01/2019 4 Mosaic of Auburn Hills 3331 Antigua Drive Auburn Hills MI 48326 Lease-Up 81 Auburn Hills 03/14/2016 08/31/2019 01/08/2018 Harrison 5 Encore at Ashby Preserve 25879 Ashby Drive Township MI 48045 Lease-Up 75 Harrison Township 12/01/2015 08/31/2019 06/14/2016 6 Icon on Main 400 North Main Street Royal Oak MI 48067 Lease-Up 91 Royal Oak\Oak Park 08/01/2017 07/31/2019 06/01/2019 7 Ferndale Haus 430 West Nine Mile Road Ferndale MI 48220 Lease-Up 115 Royal Oak\Oak Park 10/24/2016 07/31/2019 01/01/2019 8 Cedar Valley 1401 South Rochester Road Rochester MI 48307 Lease-Up 86 Rochester Hills 11/01/2017 06/30/2019 01/01/2019 9 Farwell, The 1249 Griswold Street Detroit MI 48226 Lease-Up 82 Detroit - Downtown 08/02/2016 06/30/2019 12/01/2018 10 Baltimore Station 6402 Woodward Avenue Detroit MI 48202 Lease-Up 161 Detroit - New Center 04/30/2017 06/30/2019 09/04/2018 Total Lease-Up 1,514 11 Book Tower 1265 Washington Blvd Detroit MI 48226 Under Construction 95 Detroit - Downtown 09/01/2017 01/31/2021 12 Hudson's Site 1206 Woodward Avenue Detroit MI 48226 Under Construction 330 Detroit - Downtown 03/01/2019 06/30/2020 13 Griffin, The West 10 Mile Road & South Main Street Royal Oak MI 48067 Under Construction 245 Royal Oak\Oak Park 09/10/2018 01/31/2020 14 City 1468 North Rochester Road Rochester Hills MI 48307 Under Construction 60 Rochester Hills 03/01/2019 12/31/2019 Chesterfield\New 15 Redwood Macomb Phase II 1 Carnegie Way Macomb MI 48042 Under Construction 90 Baltimore 11/02/2018 12/31/2019 16 Redwood White Lake Phase II 103 Redwood Blvd White Lake MI 48383 Under Construction 50 Holly\White Lake 05/13/2019 12/31/2019 17 Boulevard, The 2911 West Grand Blvd Detroit MI 48202 Under Construction 232 Detroit - New Center 10/01/2017 12/02/2019 18 Gabriel Houze 305 Michigan Avenue Detroit MI 48226 Under Construction 110 Detroit - Downtown 07/03/2017 10/31/2019 19 Marquette, The 300 East Huron Street Milford MI 48381 Under Construction 100 South Lyon\Milford 07/01/2018 10/31/2019 20 Residences @ 150 Bagley 150 Bagley Avenue Detroit MI 48226 Under Construction 148 Detroit - Downtown 09/01/2018 09/30/2019 21 Woodbridge Estates Phase II 1200 Martin Luther King Jr Blvd Detroit MI 48201 Under Construction 80 Detroit - Midtown 06/14/2018 08/31/2019 22 Village at Northville, The 47500 Five Mile Road Northville MI 48167 Under Construction 190 Canton\Plymouth 07/02/2018 07/31/2019 23 City Club 313 Park Avenue Detroit MI 48226 Under Construction 288 Detroit - Downtown 12/01/2017 06/30/2019 Total Under Construction 2,018 24 Detroit Free Press Building, The 321 West Lafayette Blvd Detroit MI 48226 Planned 130 Detroit - Downtown 25 Monroe Block 118 Monroe Avenue Detroit MI 48226 Planned 482 Detroit - Downtown 26 Park Avenue Building Redevelopment 2001 Park Avenue Detroit MI 48226 Planned 100 Detroit - Downtown Source: Yardi Matrix Detroit New Construction and Proposed Multifamily Projects PERMIT FORECASTED START OF ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET DATE COMPLETION DATE RENT-UP 27 Shapero Hall 1010 Rivard Street Detroit MI 48207 Planned 314 Detroit - Downtown 28 Temple Street 640 Temple Street Detroit MI 48201 Planned 100 Detroit - Midtown 29 Albert Kahn Building Redevelopment 7430 2nd Avenue Detroit MI 48202 Planned 211 Detroit - New Center 30 Michigan State Fairgrounds West State Fair Avenue & Woodward Avenue Detroit MI 48203 Planned 200 Detroit - north 31 Billings Place Mixed Use 221 North Main Street Royal Oak MI 48067 Planned 65 Royal Oak\Oak Park 32 Ferndale Haus Phase II 475 Withington Street Ferndale MI 48220 Planned 50 Royal Oak\Oak Park 33 Harrison Phase II, The 531 East Harrison Avenue Royal Oak MI 48067 Planned 76 Royal Oak\Oak Park 34 Hazelton, The 222 East 6th Street Royal Oak MI 48067 Planned 78 Royal Oak\Oak Park 35 Iron Ridge Marketplace 10 Mile Road & Bermuda Street Pleasant Ridge MI 48067 Planned 75 Royal Oak\Oak Park 36 McClure 3142 McClure Drive Troy MI 48084 Planned 140 Troy 37 Zen 888 West Big Beaver Road Troy MI 48084 Planned 286 Troy Bloomfield Hills\ 38 Woodward Avenue 34965 Woodward Avenue Birmingham MI 48009 Planned 50 Birmingham Orchard Lake Road Mixed-Use / Keego Farmington Hills\West 39 Harbor 3170 Orchard Lake Road Keego Harbor MI 48320 Planned 250 Bloomfield West Bloomfield Farmington Hills\West 40 Orchard Mews 7100 Orchard Lake Road Township MI 48322 Planned 192 Bloomfield 41 Fountain Circle Auburn Road & College Avenue Auburn Hills MI 48326 Planned 258 Auburn Hills 42 Blossom Mills 333 East 2nd Street Rochester MI 48307 Planned 137 Rochester Hills 43 Abbey Ridge Apartment Homes Phase II 211 East
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