Detroit New Construction & Proposed Multifamily Projects
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Detroit New Construction & Proposed Multifamily Projects 1Q19 ID PROPERTY UNITS 1 Montclair at Partridge Creek 613 2 Mosaic of Auburn Hills 81 3 Encore at Ashby Preserve 75 46 4 Cedar Valley 86 6 Ferndale Haus 115 7 Redwood White Lake 109 8 Redwood Brownstown Redwood Boulevard 138 47 12 Redwood Wolverine Lake Phase II 68 94 13 Five Points 178 45 Total Lease Up 1,463 2 44 13 93 95 4 92 17 17 Redwood Macomb Phase II 90 7 43 80 20 Marquette, The 100 79 1 23 Village at Northville, The 190 41 Total Under Construction 380 20 78 12 3 33 Michigan State Fairgrounds 200 42 35 Ferndale Haus Phase II 50 89 77 75 41 Orchard Lake Road Mixed-Use / Keego Harbor 250 91 35 42 Orchard Mews 192 90 76 6 43 Fountain Circle 258 69 66 73 74 44 Blossom Mills 137 33 45 City 60 46 Abbey Ridge Apartment Homes 23 72 64 Phase II 100 47 Encore at Deerhill Villas 92 104 Total Planned 1,339 79 Lakeside Circle Senior 57 105 64 Packard Plant Phase III 100 80 Lakeside Village 100 89 Stonecrest Senior Living 92 66 Benjamin O. Davis Veterans Vil- 50 lage 90 Thomas Street 115 Michigan State Fairgrounds Phase 69 II 300 91 Bond, The 253 72 Inn at St. Johns, The 234 92 21 Mile Road & Hayes Road 96 73 Northville Downs 150 93 Front Street Town Center 100 74 Haggerty Square 201 94 Orchard Brook Phase II 154 75 Little Mack Avenue 60 95 Redwood White Lake Phase II 50 76 Erin Park 52 104 Lee Plaza 250 8 77 Twelve Mile Road 100 105 Hubbard-Vernor 53 78 15245 Clinton River 60 Total Prospective 2,377 2 mi Source: Yardi Matrix LEGEND Lease-Up Under Construction Planned Prospective a Berkshire Hathaway and Jefferies Financial Group company Detroit New Construction & Proposed Multifamily Projects 1Q19 38 39 86 83 84 81 88 87 40 85 ID PROPERTY UNITS 16 Griffin, The 245 25 400 North Main 91 Total Under Construction 336 34 Billings Place Mixed Use 65 36 Harrison Phase II, The 76 37 Iron Ridge Marketplace 75 38 McClure 140 39 Zen 286 40 Woodward Avenue 50 Total Planned 692 81 Riverland District 200 25 82 Royal Oak Mixed - Use 92 83 Big Beaver Road 96 34 84 Harrison Poolside 114 85 Millennial Place 100 82 86 Troy Town Center 850 36 87 Maple & Woodward 50 88 North Old Woodward & Bates Street 100 16 37 Total Prospective 1,602 2000 ft Source: Yardi Matrix LEGEND Lease-Up Under Construction Planned Prospective a Berkshire Hathaway and Jefferies Financial Group company Detroit New Construction & Proposed Multifamily Projects 1Q19 ID PROPERTY UNITS 61 5 Baltimore Station 161 32 Total Lease Up 161 5 18 Boulevard, The 232 18 68 22 Woodbridge Estates Phase II 80 Total Under Construction 312 67 30 Shapero Hall 314 31 Temple Street 100 32 Albert Kahn Building Redevelopment 211 103 48 Grand Jefferson 240 49 Brush Park Redevelopment 303 50 Eddystone Hotel Redevelopment 100 102 51 Russell Flats, The 82 52 Woodward at Midtown, The 110 Total Planned 1,460 65 53 1401 Rivard Street 314 60 58 Orleans Landing Phase II 230 63 51 48 59 Renato at Pullman Parc, The 180 52 60 3750 Woodward Avenue 100 101 100 49 61 7198 Gratiot Avenue 231 22 62 American, The 163 62 98 63 Brewster Wheeler Recreation 150 50 Center Redevelopment 31 59 65 Wayne State University 248 30 67 Cass and York 133 53 68 West Grand Boulevard & Woodward Avenue 100 70 16th & Bagley Street 100 96 71 2087 Vermont 100 58 96 East Jefferson 213 97 97 East Riverfront 360 98 Eastern Market Gateway 253 71 100 Brewster - Douglass Site 648 101 Midtown West 175 102 Sugar Hill 84 70 103 Van Dyke at Kercheval 76 Total Prospective 4,108 2000 ft Source: Yardi Matrix LEGEND Lease-Up Under Construction Planned Prospective a Berkshire Hathaway and Jefferies Financial Group company Detroit New Construction & Proposed Multifamily Projects 1Q19 ID PROPERTY UNITS 9 Farwell, The 82 10 Elton Park 151 11 Elton Park Phase II 52 Total Lease Up 285 14 Book Tower 95 15 Hudson's Site 330 19 Gabriel Houze 110 21 Residences @ 150 Bagley 148 24 City Club 288 26 Corner, The 111 Total Under Construction 1,082 54 27 Detroit Free Press Building, The 130 28 Monroe Block 482 29 Park Avenue Building 100 55 Redevelopment 29 Total Planned 712 57 54 Blenheim Building Redevelopment 100 55 Fine Arts Building Redevelopment 100 21 24 Gateway Center Building Redevel- 56 opment 200 57 Hastings Place 60 99 Leland, The 339 Total Prospective 799 15 99 14 9 28 11 26 10 56 19 27 500 ft Source: Yardi Matrix LEGEND Lease-Up Under Construction Planned Prospective a Berkshire Hathaway and Jefferies Financial Group company 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 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 3 Encore at Ashby Preserve 25879 Ashby Drive Township MI 48045 Lease-Up 75 Harrison Township 12/01/2015 08/31/2019 06/14/2016 4 Cedar Valley 1401 South Rochester Road Rochester MI 48307 Lease-Up 86 Rochester Hills 11/01/2017 06/30/2019 01/01/2019 5 Baltimore Station 6402 Woodward Avenue Detroit MI 48202 Lease-Up 161 Detroit - New Center 04/30/2017 06/30/2019 09/04/2018 6 Ferndale Haus 430 West Nine Mile Road Ferndale MI 48220 Lease-Up 115 Royal Oak\Oak Park 10/24/2016 05/31/2019 01/01/2019 7 Redwood White Lake 130 Abbey Road White Lake MI 48383 Lease-Up 109 Holly\White Lake 06/01/2017 05/31/2019 09/25/2017 8 Redwood Brownstown Redwood Boulevard 24881 Redwood Blvd Brownstown MI 48134 Lease-Up 138 Woodhaven\Brownstown 07/01/2015 05/31/2019 03/31/2016 9 Farwell, The 1249 Griswold Street Detroit MI 48226 Lease-Up 82 Detroit - Downtown 08/02/2016 04/30/2019 12/01/2018 10 Elton Park 8th Street & Plum Street Detroit MI 48216 Lease-Up 151 Detroit - south 07/24/2017 04/30/2019 12/01/2018 11 Elton Park Phase II 8th Street & Plum Street Detroit MI 48216 Lease-Up 52 Detroit - south 07/24/2017 04/30/2019 10/02/2018 12 Redwood Wolverine Lake Phase II 2799 Heron Hills Drive Wolverine Lake MI 48390 Lease-Up 68 Wixom\Walled Lake 10/16/2017 04/30/2019 11/01/2017 13 Five Points 3300 Five Points Drive Auburn Hills MI 48326 Lease-Up 178 Auburn Hills 02/01/2017 04/30/2019 08/03/2017 Total Lease-Up 1,909 14 Book Tower 1265 Washington Blvd Detroit MI 48226 Under Construction 95 Detroit - Downtown 09/01/2017 01/31/2021 15 Hudson's Site 1206 Woodward Avenue Detroit MI 48226 Under Construction 330 Detroit - Downtown 03/01/2019 06/30/2020 16 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 17 Redwood Macomb Phase II 1 Carnegie Way Macomb MI 48042 Under Construction 90 Chesterfield\New Baltimore 11/02/2018 12/31/2019 18 Boulevard, The 2911 West Grand Blvd Detroit MI 48202 Under Construction 232 Detroit - New Center 10/01/2017 12/02/2019 19 Gabriel Houze 305 Michigan Avenue Detroit MI 48226 Under Construction 110 Detroit - Downtown 07/03/2017 10/31/2019 20 Marquette, The 300 East Huron Street Milford MI 48381 Under Construction 100 South Lyon\Milford 07/01/2018 10/31/2019 21 Residences @ 150 Bagley 150 Bagley Avenue Detroit MI 48226 Under Construction 148 Detroit - Downtown 09/01/2018 09/30/2019 22 Woodbridge Estates Phase II 1200 Martin Luther King Jr Blvd Detroit MI 48201 Under Construction 80 Detroit - Midtown 06/14/2018 08/31/2019 23 Village at Northville, The 47500 Five Mile Road Northville MI 48167 Under Construction 190 Canton\Plymouth 07/02/2018 07/31/2019 24 City Club 313 Park Avenue Detroit MI 48226 Under Construction 288 Detroit - Downtown 12/01/2017 06/30/2019 25 400 North Main 400 North Main Street Royal Oak MI 48067 Under Construction 91 Royal Oak\Oak Park 08/01/2017 04/30/2019 26 Corner, The 1620 Michigan Avenue Detroit MI 48216 Under Construction 111 Detroit - south 04/01/2017 04/30/2019 Total Under Construction 2,110 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 Detroit Free Press Building, The 321 West Lafayette Blvd Detroit MI 48226 Planned 130 Detroit - Downtown 28 Monroe Block 118 Monroe Avenue Detroit MI 48226 Planned 482 Detroit - Downtown 29 Park Avenue Building Redevelopment 2001 Park Avenue Detroit MI 48226 Planned 100 Detroit - Downtown 30 Shapero Hall 1010 Rivard Street Detroit MI 48207 Planned 314 Detroit - Downtown 31 Temple Street 640 Temple Street Detroit MI 48201 Planned 100 Detroit - Midtown 32 Albert Kahn Building Redevelopment 7430 2nd Avenue Detroit MI 48202 Planned 211 Detroit - New Center 33 Michigan State Fairgrounds West State Fair Avenue & Woodward Avenue Detroit MI 48203 Planned 200 Detroit - north 34 Billings Place Mixed Use 221 North Main Street Royal Oak MI 48073 Planned 65 Royal Oak\Oak Park 35 Ferndale Haus Phase II 475 Withington Street Ferndale MI 48220 Planned 50 Royal Oak\Oak Park 36 Harrison Phase II, The 531 East Harrison Avenue Royal Oak MI 48067 Planned 76 Royal Oak\Oak Park 37 Iron Ridge Marketplace 10 Mile Road & Bermuda Street Pleasant Ridge MI 48067 Planned 75 Royal Oak\Oak Park 38 McClure 3142 McClure Drive Troy MI 48084 Planned 140 Troy 39 Zen 888 West Big Beaver Road Troy MI 48084 Planned 286 Troy 40 Woodward Avenue 34965 Woodward Avenue Birmingham MI 48009 Planned 50 Bloomfield Hills\Birmingham Orchard Lake Road Mixed-Use / Farmington Hills\West 41 Keego Harbor 3170 Orchard Lake Road Keego Harbor MI 48320 Planned 250 Bloomfield West Bloomfield Farmington