Detroit New Construction & Proposed Multifamily Projects 4Q17
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Detroit New Construction & Proposed Multifamily Projects 4Q17 ID PROPERTY UNITS 68 Big Beaver Road 96 1 Montclair at Partridge Creek 613 69 Millennial Place 100 2 Orchard Brook 274 70 Troy Town Center 850 3 River Birch Bend 140 71 Maple & Woodward 50 4 Encore at Ashby Preserve 75 72 North Old Woodward & Bates Street 100 5 Plaza, The 72 73 Woodward Avenue 50 6 Worthington Crossing 109 74 Orchard Mews 200 7 Peninsula Ridge 138 75 Thomas Street 155 38 Total Lease-Up 1,421 76 Milford Place Project 100 8 Corner, The 105 77 21 Mile Road & Hayes Road 96 9 Blossom Ridge 189 78 Riverland District 200 10 Elton Park 151 79 Sycamore Glen Phase II 90 11 400 North Main 91 80 Worthington Crossing Phase II 58 12 Hamilton, The 97 81 East Jefferson 213 13 Ferndalehaus Lofts 90 82 Brewster - Douglass Site 850 14 Philip Houze 106 83 Midtown West 175 15 Third and Grand 231 84 Sugar Hill 84 39 16 Wellington Square 111 85 Woodbridge Estates Phase II 80 2 17 Beechcrest Phase II 68 Total Prospective 7,379 15 18 Woodward Avenue 163 14 37 19 Farwell, The 82 20 Mosaic of Auburn Hills 81 LEGEND Total Under Construction 1,565 79 Lease-Up 21 150 Bagley 148 80 6 77 22 City Club 288 Under Construction 3 23 Detroit Free Press Building, The 100 Planned 1 24 Gabriel Houze 110 Prospective 25 Hastings Place 60 76 26 Hudson's Building Site 330 36 27 Shapero Hall 180 35 13 70 68 28 Arena Lofts, The 153 71 34 78 4 72 29 One Eleven West 80 73 69 30 Cass and York 133 74 31 Michigan State Fairgrounds 200 32 Harrison Phase II 76 65 33 SoMa 240 11 67 34 City Center Building 220 32 35 McClure 140 33 66 75 36 Marquette, The 100 12 37 City 60 31 58 38 Abbey Ridge Apartment Homes Phase II 100 61 39 Encore at Deerhill Villas 92 40 Brush Park Redevelopment 303 41 Eddystone Hotel Redevelopment 100 64 63 42 Russell Flats, The 82 43 Woodward at Midtown, The 110 Total Planned 3,405 44 1475 East Jefferson 213 53 45 Book Tower 95 46 Fine Arts Building Redevelopment 100 18 47 Gateway Center Building Redevelopment 200 50 48 Monroe Block 482 59 49 Orleans Landing Phase II 230 17 60 19 50 7198 Gratiot Avenue 100 51 American, The 163 30 52 Brewster Wheeler Recreation Center 150 Redevelopment 54 53 Packard Plant Phase III 100 54 Sanctuary Homeless Housing, The 75 84 55 Temple Street 100 56 Wayne State University Mixed-Use 248 56 57 57 Jefferson Avenue & Van Dyke Street 63 5 58 Benjamin O. Davis Veterans Village 50 16 52 82 42 83 59 Albert Kahn Building Redevelopment 162 43 40 85 60 West Grand Boulevard & Woodward Avenue 100 51 41 7 61 Michigan State Fairgrounds Phase II 300 55 28 29 62 Elton Park Phases II - IV 250 27 46 22 25 63 Inn At St. Johns Mixed-Use, The 234 21 44 64 Village at Northville, The 190 62 45 26 81 20 9 48 49 65 Little Mack Avenue 60 10 47 8 66 Iron Ridge 75 24 23 67 Royal Oak Mixed - Use 92 5 mi Source: Yardi Matrix a Berkshire Hathaway and Leucadia National company Detroit New Construction & Proposed Multifamily Projects FORECASTED ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET PERMIT DATE COMPLETION DATE START OF RENT-UP 1 Montclair at Partridge Creek 17721 Montage West Clinton Township MI 48038 Lease-Up 613 Clinton Township - west 09/08/2015 12/31/2018 05/30/2016 2 Orchard Brook 57163 Cypress Street Washington Township MI 48042 Lease-Up 274 Washington\Richmond 06/01/2015 12/31/2018 03/01/2016 3 River Birch Bend 45800 Beacon Drive Shelby Township MI 48315 Lease-Up 140 Shelby Township 08/01/2015 03/31/2018 08/15/2016 4 Encore at Ashby Preserve 25879 Ashby Drive Harrison Township MI 48045 Lease-Up 75 Harrison Township 12/01/2015 03/31/2018 06/14/2016 5 Plaza, The 3800 Woodward Avenue Detroit MI 48201 Lease-Up 72 Detroit - Midtown 04/14/2016 01/31/2018 10/13/2017 6 Worthington Crossing 103 Redwood Blvd White Lake MI 48383 Lease-Up 109 Holly\White Lake 06/01/2017 01/31/2018 09/25/2017 7 Peninsula Ridge 24881 Redwood Blvd Brownstown MI 48134 Lease-Up 138 Woodhaven\Brownstown 07/01/2015 01/31/2018 03/31/2016 TOTAL LEASE-UP 1,421 8 Corner, The 1620 Michigan Avenue Detroit MI 48216 Under Construction 105 Detroit - south 04/01/2017 08/31/2019 9 Blossom Ridge 3050 Dutton Road Oakland Township MI 48306 Under Construction 189 Clarkston\Orion 09/15/2017 01/31/2019 10 Elton Park 8th Street & Plum Street Detroit MI 48216 Under Construction 151 Detroit - south 07/24/2017 09/30/2018 11 400 North Main 400 North Main Street Royal Oak MI 48067 Under Construction 91 Royal Oak\Oak Park 08/01/2017 09/30/2018 12 Hamilton, The 40 Davenport Street Detroit MI 48201 Under Construction 97 Detroit - Midtown 12/08/2017 09/30/2018 13 Ferndalehaus Lofts 430 West Nine Mile Road Ferndale MI 48220 Under Construction 90 Royal Oak\Oak Park 10/24/2016 05/31/2018 14 Philip Houze 415 Clifford Street Detroit MI 48226 Under Construction 106 Detroit - Downtown 08/29/2016 03/31/2018 15 Third and Grand 2921 West Grand Blvd Detroit MI 48202 Under Construction 231 Detroit - New Center 10/01/2017 03/31/2018 16 Wellington Square 59 Seward Avenue Detroit MI 48202 Under Construction 111 Detroit - New Center 03/20/2017 03/31/2018 17 Beechcrest Phase II 2799 Heron Hills Drive Wolverine Lake MI 48390 Under Construction 68 Wixom\Walled Lake 10/16/2017 02/28/2018 18 Woodward Avenue 6408 Woodward Avenue Detroit MI 48202 Under Construction 163 Detroit - New Center 04/30/2017 02/28/2018 19 Farwell, The 1249 Griswold Street Detroit MI 48226 Under Construction 82 Detroit - Downtown 08/02/2016 01/31/2018 20 Mosaic of Auburn Hills 3329 Antigua Drive Auburn Hills MI 48326 Under Construction 81 Auburn Hills 03/14/2016 01/31/2018 TOTAL UNDER CONSTRUCTION 1,565 21 150 Bagley 150 Bagley Avenue Detroit MI 48226 Planned 148 Detroit - Downtown 22 City Club 1539 Washington Blvd Detroit MI 48226 Planned 288 Detroit - Downtown 23 Detroit Free Press Building, The 321 West Lafayette Blvd Detroit MI 48226 Planned 100 Detroit - Downtown 24 Gabriel Houze 305 Michigan Avenue Detroit MI 48226 Planned 110 Detroit - Downtown 25 Hastings Place 1468 Randolph Street Detroit MI 48226 Planned 60 Detroit - Downtown 26 Hudson's Building Site 1206 Woodward Avenue Detroit MI 48226 Planned 330 Detroit - Downtown 27 Shapero Hall 1010 Rivard Street Detroit MI 48207 Planned 180 Detroit - Downtown 28 Arena Lofts, The 120 Henry Street Detroit MI 48201 Planned 153 Detroit - Midtown 29 One Eleven West 111 Henry Street Detroit MI 48201 Planned 80 Detroit - Midtown 30 Cass and York 445 York Street Detroit MI 48202 Planned 133 Detroit - New Center 31 Michigan State Fairgrounds West State Fair Avenue & Woodward Avenue Detroit MI 48203 Planned 200 Detroit - north 32 Harrison Phase II East Harrison Avenue & Knowles Street Royal Oak MI 48067 Planned 76 Royal Oak\Oak Park 33 SoMa West 10 Mile Road & South Main Street Royal Oak MI 48067 Planned 240 Royal Oak\Oak Park 34 City Center Building 888 West Big Beaver Road Troy MI 48084 Planned 220 Troy 35 McClure 3142 McClure Drive Troy MI 48084 Planned 140 Troy 36 Marquette, The 300 East Huron Street Milford MI 48381 Planned 100 South Lyon\Milford 37 City 1468 North Rochester Road Rochester MI 48307 Planned 60 Rochester Hills 38 Abbey Ridge Apartment Homes Phase II 211 East Market Street Oxford MI 48371 Planned 100 Clarkston\Orion 39 Encore at Deerhill Villas NEC Deerhill Drive & Dixie Hwy Clarkston MI 48346 Planned 92 Holly\White Lake 40 Brush Park Redevelopment Alfred Street & Brush Street Detroit MI 48201 Planned 303 Detroit - Midtown 41 Eddystone Hotel Redevelopment 110 Sproat Street Detroit MI 48201 Planned 100 Detroit - Midtown 42 Russell Flats, The 2801 Russell Street Detroit MI 48207 Planned 82 Detroit - Midtown 43 Woodward at Midtown, The 3439 Woodward Avenue Detroit MI 48201 Planned 110 Detroit - Midtown TOTAL PLANNED 3,405 Source: Yardi Matrix Detroit New Construction & Proposed Multifamily Projects FORECASTED ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET PERMIT DATE COMPLETION DATE START OF RENT-UP 44 1475 East Jefferson 1475 East Jefferson Avenue Detroit MI 48207 Prospective 213 45 Book Tower 1265 West Washington Blvd Detroit MI 48226 Prospective 95 Detroit - Downtown 46 Fine Arts Building Redevelopment 48 West Adams Avenue Detroit MI 48226 Prospective 100 Detroit - Downtown 47 Gateway Center Building Redevelopment 1101 Washington Blvd Detroit MI 48226 Prospective 200 Detroit - Downtown 48 Monroe Block Farmer Street & Monroe Avenue Detroit MI 48226 Prospective 482 Detroit - Downtown 49 Orleans Landing Phase II Atwater Street & Orleans Street Detroit MI 48207 Prospective 230 Detroit - Downtown 50 7198 Gratiot Avenue 7198 Gratiot Avenue Detroit MI 48213 Prospective 100 Detroit - Midtown 51 American, The 408 Temple Street Detroit MI 48201 Prospective 163 Detroit - Midtown 52 Brewster Wheeler Recreation Center Redevelopment 2900 St. Antoine Street Detroit MI 48201 Prospective 150 Detroit - Midtown 53 Packard Plant Phase III 1580 Grand Blvd East Detroit MI 48211 Prospective 100 Detroit - Midtown 54 Sanctuary Homeless Housing, The Gratiot Avenue & Mack Avenue Detroit MI 48207 Prospective 75 Detroit - Midtown 55 Temple Street 640 Temple Street Detroit MI 48201 Prospective 100 Detroit - Midtown 56 Wayne State University Mixed-Use West Canfield Street & Cass Avenue Detroit MI 48201 Prospective 248 Detroit - Midtown 57 Jefferson Avenue & Van Dyke Street 7903 East Jefferson Avenue Detroit MI 48214 Prospective 63 Detroit - east 58 Benjamin O.