MIDTOWN DETROIT, INC. 2014 ‐ 2020 HOUSING PIPELINE 3/10/2020
TOTAL UNITS & AFFORDABLE % DORM BEDS RENTAL UNITS RECENTLY ADDED: 2354 336 26% RECAPITALIZED RENTAL: 1676 1389 83% UNDER CONSTRUCTION: 1292 191 17% IN THE PIPELINE: 1742 473 33% * Affordable calcualtions are based on rental units only
RECENTLY ADDED UNITS
Recently Added Rental Units Status Project Name Address Units Total Investment % Affordable Type Recently Completed (2015) 3980 Second 3980 Second 3 $738,979 Market Rate Renovation Recently Completed (2015) El Moore, The 624 W. Alexandrine 14 $3,900,000 Market Rate Renovation Recently Completed (2015) Rainer Court 711 W. Alexandrine 36 $6,400,000 Market Rate Renovation Recently Completed (2015) Ransom Gillis House 205 Alfred 2 Market Rate Renovation Recently Completed (2015) St. Regis Apartments 3071 W. Grand Boulevard 58 $3,641,000 Market Rate Renovation Recently Completed (2016) 445 W. Forest 445 W. Forest 6 $817,000 Market Rate Renovation Recently Completed (2016) 5734 Woodward 5734 Woodward 2 $1,565,200 Market Rate Renovation Recently Completed (2016) Cass Plaza/The Davenport 3550 Cass/149 Davenport 47 $16,000,000 100% Renovation Recently Completed (2016) Charlotte Apartments 644 Charlotte 27 $6,880,000 100% Renovation Recently Completed (2016) Forest Arms 4625 Second 81 $12,000,000 Market Rate Renovation Recently Completed (2016) Kirby Center Lofts 609 E. Kirby 26 $6,900,000 Market Rate Renovation Recently Completed (2016) The Scott @ Brush Park 3132 Woodward 199 $65,000,000 6% Renovation/New Construction Recently Completed (2016) Strathmore Apartment 70 W. Alexandrine 129 $28,000,000 40% Renovation Recently Completed (2016) Treymore Apartments 457 Brainard 28 $7,000,000 100% Renovation Recently Completed (2017) 207 E. Baltimore 207 E. Baltimore 12 $1,800,000 20% Renovation Recently Completed (2017) 678 Selden 678 Selden 30 $3,700,00 Market Rate Renovation Recently Completed (2017) Casamira Apartments 680 Delaware 44 $8,579,808 35% Renovation Recently Completed (2017) The Plaza 3800 Woodward 72 $22,000,000 Market Rate Renovation Recently Completed (2017) Woodward Shops, The 6568 Woodward 10 $8,000,000 20% Renovation Recently Completed (2018) Art Center RowHouses aka Nailah Commons 701 E. Kirby 58 $10,100,000 20% New Construction Recently Completed (2018) Scott Mansion 81 Peterboro 26 $7,000,000 Market Rate Renovation Recently Completed (2018) Selden Street Lofts 644 Selden 8 $7,000,000 20% Renovation/New Construction Recently Completed (2019) 524 E. Kirby 524 E. Kirby 4 $700,000 Market Rate Renovation Recently Completed (2019) 629 W. Milwaukee 629 W. Milwaukee 36 Market Rate Renovation Recently Completed (2019) Baltimore Station Apts., Phase I 6402 Woodward 23 $7,700,000 Market Rate Renovation Recently Completed (2019) Wellington Place 59 Seward 91 100% Renovation Recently Completed (2019) The Boulevard 2911 W. Grand Blvd. 231 $52,000,000 20% New Construction TOTAL RENTAL: 1303 $231,721,987 Affordable: 26%
Recently Added Student Housing Status Project Name Address Units Total Investment % Affordable Type Recently Completed (2019) College for Creative Studies Cultural Center Dorm Art Center 100 $28,000,000 Student Housing Renovation Recently Completed (2018) WSU Student Dorm Phase I 5235 Anthony Wayne 400 Student Housing New Construction Recently Completed (2019) WSU Student Dormitory Phase II 5235 Anthony Wayne Drive 442 $100,000,000 Student Housing New Construction Recently Completed (2017) WSU Thompson Home 4756 Cass Ave. 52 Student Housing Renovation TOTAL DORM BEDS: 994 $128,000,000
Recently Added For Sale Units Status Project Name Address Units Total Investment % Affordable Type Recently Completed (2019) 262 Mack 262 Mack 9 For Sale New Construction Recently Completed (2018) 4468 Third St. 4468 Third St. 2 For Sale Renovation Recently Completed (2019) 449 W. Willis 449 W. Willis 4 $729,000 For Sale Renovation Recently Completed (2019) Keleman House 284 Eliot 5 For Sale New Construction Recently Completed (2015) Palmer Townhomes Palmer/John R 11 $2,300,000 For Sale New Construction Recently Completed (2018) The Selden 438 Selden 12 $10,000,000 For Sale New Construction Recently Completed (Multi Year) The Willys Lofts 441 W. Canfield 14 For Sale New Construction TOTAL FOR SALE: 57 $13,029,000
RECAPITALIZED RENTAL UNITS
Recapitalized Rental Units Status Project Name Address Units Total Investment % Affordable Type Recently Completed (2018) The Hamilton 40 Davenport 97 $18,000,000 38% Unit Upgrades Recently Completed (2015) St. Antoine Gardens 5203 Chrysler Dr. 17 100% Unit Upgrades Recently Completed 624 Charlotte 624 Charlotte 40 Market Rate Unit Upgrades Recently Completed Architects 445 Brainard 51 $2,375,150 100% Unit Upgrades Recently Completed Bicentennial Towers 4 E. Alexandrine 400 $6,000,000 100% Unit Upgrades Recently Completed Genesis Villas 91 Harper Ave. 20 100% Unit Upgrades Recently Completed The Isabelle 51 W. Palmer 24 Market Rate Unit Upgrades Recently Completed Mt. Vernon 677 W. Alexandrine 46 $3,519,685 100% Unit Upgrades Recently Completed Medical Center Village/Viewpoint Village Townhomes 4701 Chrysler Service Dr. 194 100% Unit Upgrades Recently Completed Palmer Court Townhomes 5775 St. Antoine 173 40% Unit Upgrades Under Construction Sheridan Court 4417 Second 30 Market Rate Unit Upgrades Under Construction 675 Willis 675 Willis 19 Market Rate Unit Upgrades Under Construction Wellesley 651 Hancock 10 Market Rate Unit Upgrades Under Construction Village Center 901 Pallister 237 100% Unit Upgrades Pipeline Cathedral Tower 80 E. Hancock 236 $27,000,000 100% Unit Upgrades Pipeline Orchestra Place 100 Parsons 82 $21,000,000 100% Unit Upgrades TOTAL RECAPITALIZED: 1676 $77,894,835 Affordable: 83%
UNITS UNDER CONSTRUCTION
New Rental Units Under Construction Status Project Name Address Units Total Investment % Affordable Type Under Construction 457 E. Kirby 457 E. Kirby 28 $1,161,000 23% Unit Upgrades Under Construction 470 Brainard 470 Brainard 7 Market Rate Renovation Under Construction 479 W. Willis 479 W. Willis 28 Market Rate Renovation Under Construction 624 Charlotte 624 Charlotte 40 Market Rate Renovation Under Construction 640 Temple 640 Temple 70 Market Rate Renovation Under Construction 655 Willis 655 Willis 36 20% Under Construction 741 Seward 741 Seward 35 Market Rate Rehab Under Construction Albert Kahn 7430 Second Ave 211 20% Conversion Under Construction The Abington 700 Seward 140 $18,000,000 20% Renovation Under Construction The Bonita 38 20% Under Construction Baltimore Station Apts., Phase II 6402 Woodward 138 $28,900,000 20% New Construction Under Construction City Modern ‐ Rental 4‐Block Area in Brush Park 300 $70,000,000 20% Renovation/New Construction Under Construction Patterson Terrace John R/Erskine 7 $1,800,000 Market Rate Renovation Under Construction Saxor Apartments 90‐100 Seward 60 $5,000,000 20% Renovation TOTAL RENTAL: 1138 $124,861,000 Affordable: 17%
New For Sale Units Under Construction Status Project Name Address Units Total Investment % Affordable Type Under Construction 64 Watson 64 Watson 5 For Sale New Construction Under Construction City Modern ‐ For Sale 4‐Block Area in Brush Park 100 See Rental For Sale Renovation/New Construction Under Construction Eco Home Project, Phase I 4160 Fourth 14 $6,000,000 For Sale New Construction Under Construction Erskine Row Houses Erskine/John R 6 For Sale New Construction Under Construction Palmer Carriage Houses Brush/Palmer 4 Under Construction Wigle ‐ For Sale 25 New Contrsrtuction TOTAL FOR SALE: 154 $6,000,000 CONTINUED ‐> UNITS IN THE PIPELINE
New Rental Units In Future Pipeline Status Project Name Address Units Total Investment % Affordable Type Pipeline 229 Edmund Place 229 Edmund Place 5 $2,000,000 Market Rate Renovation Pipeline 258 E. Milwaukee 258 E. Milwaukee 25 80% New Construction Pipeline 3939 Third 3939 Third 16 $4,666,638 100% New Construction Pipeline 3040 E. Grand 3040 E. Grand 3 20% Renovation Pipeline W. Alexandrine Project W. Alexandrine Project 30 20% New Construction Pipeline Billinghurst Apartments 69 W. Willis 34 $5,064,000 20% Renovation Pipeline Brewster Douglas Project ‐ Rental Wilkins/I‐75 648 $300,000,000 25% New Construction Pipeline Brush + Watson Brush/Watson 80 $19,100,000 80% New Constuction Pipeline Century Apartments 3962 Second 22 $3,361,000 20% Renovation Pipeline COTS Housing 26 Peterboro 70 $14,500,000 100% Renovation Pipeline Edsel Ford Service Drive Project Edsel Ford 27 20% New Construction Pipeline Elaine Apartments 603 Edsel Ford 29 $4,514,198 20% Renovation Pipeline Heather Hall 70 20% Renovation Pipeline Mariner's Inn 445 Ledyard 44 100% New Construction Pipeline Selden Manor 48 20% Renovation Pipeline Sugar Hill Development (John R/Garfield) John R/Garfield 68 $32,000,000 25% New Construction Pipeline The Wilbur Wilbur/Holden 42 20% New Construction Pipeline Wigle Site ‐ Rental Mack/Lodge 177 20% New Construction TOTAL RENTAL: 1438 $385,205,836 Affordable: 33%
New For Sale Units In Future Pipeline Status Project Name Address Units Total Investment % Affordable Type Pipeline 701 W. Canfield 701 W. Canfield 6 $2,061,000 For Sale Renovation Pipeline 4th Street Townhomes Fourth Street 14 For Sale New Construction Pipeline Brewster Douglas Project ‐ For Sale Wilkins/I‐75 265 See Rental For Sale New Construction Pipeline Brush 8 Brush 8 For Sale New Construction Pipeline Forest & John R Townhomes Forest/John R. 11 For Sale New Construction TOTAL FOR SALE: 304 $2,061,000