Berkshire Hathaway Homeservices the Loft Warehouse Downtown

Berkshire Hathaway HomeServices The Loft Warehouse Condo Market Report Downtown Detroit

Published January 2019

DEVELOP WITH CONFIDENCE™ Introduction

Welcome to our Detroit Condo Market Report! This report is aimed at listing all signiﬁcant condominium projects in Detroit, and organizing essential information about them so that buyers. sellers, developers and real estate agents can use it to quickly ﬁnd relevant information and aid in their decision making process. It includes key metrics such as sold price per sf, desirability index, as well as a list of the most recent sales, with unit size, price, and close date.

We hope it becomes an essential tool for anyone already involved in our very dynamic and growing market, as well as an exciting introduction for those considering a move to our City either as new residents or as investors and developers.

Definitions  New Development - A project that is new to the market and has never been sold before. Only projects that are publicly offered for sale are reported. Contact us to learn more about upcoming developments.  Resale Development - A project that was sold out by its developer and only has existing owner sales.  Average Absorption - Units sold per month over last ten sales or last three years.  Launch Year - Year that closings started or that closings are expected to start for new developments.  Sold Out Year - Year when the last developer owned unit was sold. For older projects this is often an estimate.  Average Listing Price/SF - This is applicable only to new developments, and represents the average of the price per square foot of the units that are publicly marketed at the time this report is issued. It does not include the price per square foot of units under contract and not yet closed, as this is not public information.  Address - When a development has multiple addresses (as is typical for townhome developments for example) the unit number is a short form of the street address comprised of the street number followed by a letter code indicating the street.  Condominiums/Cooperative - This report only covers condominiums in the city of Detroit and excludes cooperative units that are usually bundled with condominiums on the MLS. Due to the specific type of ownership and ownership restrictions, the cooperative market does not follow the same dynamic than the condominium market.  Desirability Index - The Desirability Index reported for resale developments is an average for the units sold during the period. The Desirability Index reported for new developments (units not yet sold) is based on the publicly available information.  Sources - Realcomp II Ltd. is the source of all sale data. Other data is credited to each project specific website and other marketing materials. Data accuracy is limited by the timeliness & accuracy of sales reporting by Realtors® to Realcomp.  Amenities - The visual key below has been used to describe the amenities available for each Development.

Valet Concierge Hotel Storage Fitness Lounge Food Outdoor Parking Pool & Drink

2018, a Record Year 2018 was a record year with the sale of 381 condo (+19% vs. 2017) and a transaction volume of $99M (+38% vs. 2017). The average condo sold for $260,000 vs. $223,000 in 2017. This growth is easily explained as new high end projects such as the Fort Shelby Residences and City Modern have both added to the number of transactions and to the overall market volume. A New Trend Emerges: Market Normalization In the graph above, we can detect for the first time a new trend in the market evolution with a reduction in the rapid rate of appreciation that we have been observing over the last 7 years. Some condo buildings’ rate of appreciation is still accelerating because they appreciated later than the rest of the market due to product, location or other restrictions. They are still adjusting, with a time lag, to their expected value. Other buildings that are now passed their peak were overvalued in 2017 and find themselves in the middle of a market correction that started mid 2018. The market trend graph for each building is now displayed in the top right corner of each project page in this report. These behaviors correspond to a “market normalization”. After many years of exponential appreciation due to a severe lack of inventory, the introduction of new product, the increase of interest rates and buyers’ concern regarding trade & the global economy have tempered overheated sub-markets and allowed others to catch up. We are now looking at a still appreciating but more bal- anced market dynamic. Since we still are projecting a lack of condo inventory situation, the combined evolution in 2019 of the stock market, trade policies and interest rates will define if our market continues on its steady appreciation rate, slows down further or rather rebounds to return to an increasing appreciation rate.

5 G 8

J 15 13 12

23 F 20 L 4 1 2 21 6 C 16 27 B K E D3 M 9 11 H 24 17 22 10 18 28 14 A 7

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New Developments Resale Developments A Franklin Lofts - 2987 Franklin Street 1 Detroit Towers Condos 17 Garden Lofts B 9 on 3rd Townhomes - 4402 - 4434 3rd Street 2 Shoreline East Condos 18 Great Lakes Tower C The Selden - 438 Selden Street 3 Campau Farm in Elmwood Park 19 Grinnell Place Lofts D Fort Shelby - 525 W. Lafayette Boulevard 4 Canfield Lofts 20 Stuber-Stone Lofts E City Modern - 318 Edmund Place 5 Gramont Manor Condos 21 Willys Overland Lofts F Saint Charles - 1454 Townsend Street 6 Indian Village Manor 22 Woodward Place at Brush Park G Fisher Kahn Condos - 7409 Second Street 7 200 River Place Lofts 23 55 West Canfield H 64 Watson - 64 Watson Street 8 Lofts at New Center 24 Carlton Lofts I Ashton Detroit - 659 Howard Street 9 Carola & Lamar Lofts 25 Riverfront Tower Condos J Cass & York - 5935 Cass Avenue 10 Leland Lofts 26 Westin Book Cadillac K James Place Lofts - 262 Mack Avenue 11 Lofts at Rivertown 27 FD Lofts L 632 Prentis - 632 Prentis Street 12 Park Shelton Condos 28 Garden Court M Trumbull House - 4304 Trumbull Street 13 Research Lofts N Tiger Towns at the Corner - 2200 Trumbull Avenue 14 Spinnaker Tower 15 Art Center Town & Carriage Homes 16 Ellington Condos

Price/sf vs. Desirability 1/18 - 12/31/18 sales

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A E K M 17 19 L 4 21 23 25 16 24 D 9 12 B 7 13 20 N 22 27 G 10 18

11 8 15 14 5 28 1 2 6 3

New Developments Resale Developments A Franklin Lofts - 2987 Franklin Street 1 Detroit Towers Condos 17 Garden Lofts B 9 on 3rd Townhomes - 4402/4434 3rd Street 2 Shoreline East Condos 18 Great Lakes Tower C The Selden - 438 Selden Street 3 Campau Farm in Elmwood Park 19 Grinnell Place Lofts D Fort Shelby - 525 W. Lafayette Boulevard 4 Canfield Lofts 20 Stuber-Stone Lofts E City Modern - 318 Edmund Place 5 Gramont Manor Condos 21 Willys Overland Lofts F Saint Charles - 1454 Townsend Street 6 Indian Village Manor 22 Woodward Place at Brush Park G Fisher Kahn Condos - 7409 Second Street 7 200 River Place Lofts 23 55 West Canfield H 64 Watson - 64 Watson Street 8 Lofts at New Center 24 Carlton Lofts I Ashton Detroit - 659 Howard Street 9 Carola & Lamar Lofts 25 Riverfront Tower Condos J Cass & York - 5935 Cass Avenue 10 Leland Lofts 26 Westin Book Cadillac K James Place Lofts - 262 Mack Avenue 11 Lofts at Rivertown 27 FD Lofts L 632 Prentis - 632 Prentis Street 12 Park Shelton Condos 28 Garden Court M Trumbull House - 4304 Trumbull Street 13 Research Lofts N Tiger Towns at the Corner - 2221 Trumbull Avenue 14 Spinnaker Tower 15 Art Center Town & Carriage Homes 16 Ellington Condos

A Buyer Behavior Model The Desirability Index is a proprietary index developed by Berkshire Hathaway HomeServices The Loft Warehouse, that represents how desirable a property is for a typical buyer. It is a number from 0% (least desirable) to 100% (most desirable), based on a statistical model of buyer behavior extracted from past and current sales data. The desirability index is the cornerstone of a new statistical method to model condominium markets that allows us to predict the sale price of any condominium unit based on its location, finishes and amenities. Changes in the buyer behavior occur because of long term trends in buyer taste and changes in available construction and material technology, but also more rapidly, through the influx of new residents to the City moving from surrounding communities, as well as bringing fresh expectations from other Cities & States. As we update regularly our model, we are able to see trends in buyer behavior such as the continued importance of parking, or the evolution away from industrial lofts toward refined products featuring higher quality finishes. More im- portantly, we are able to quantify these changes and their impact on perceived value. Market Model The use of the Desirability Index allows us to compute a very simple market model as the relationship between the De- sirability Index and the Price/sf is linear. By separating the Buyer model from the Market model, we can observe “pure” market changes independently. For example, we are able to detect early any signs of a market change that would be otherwise hidden by the variation of product offered for sale. Our recent observations of the Detroit condo market is that it is progressing slowly (the price/sf for a product of a given desirability does not change much) but that the inventory is shifting quickly toward more desirable product either through the release of new product or improvement of existing resale units. Model Usage We support developers as they work on the concept for their future product by applying this model. It allows us to pre- cisely value and compare various options for finishes and amenities, and fine tune the product design to optimize its cost vs. the expected sale price. The model gives us a deeper understanding of what matters for a buyer and how to best choose a site for a given product, or what product best fits an existing site. The chart below illustrates, as an example, the relative importance of Lo- cation, Finishes and Amenities for a condo buyer as of the time of this report. Finally, we have calculated the average Desirability Index for each development in this report and illustrated their relative position on the graph on the next page.

Condo Market Report Downtown Detroit - January 2019 Copyright 2019 The Loft Warehouse Inc. DEVELOP WITH CONFIDENCE™ New Developments The following section contains sale information and updates for actively selling developments and upcoming condo projects in the Detroit market. Development List: Franklin Lofts 9 on 3rd The Selden Fort Shelby Residences City Modern Saint Charles Residences Fisher Kahn Condos 64 Watson Cass & York Ashton Cass & York James Place Lofts 632 Prentis Trumbull House Tiger Towns at the Corner

City Modern Townhomes

Fort Shelby Residences Saint Charles Residences

Address Developer 2987 Franklin Street On Your Fork LLC

Total Units Average HOA Fees 10 $195-500/Month

Launch Year Average Absorption 2017 <1 unit/month

Average Listing Price/SF $375

Sale Status Franklin Lofts These luxury lofts have spectacular views of downtown Detroit, and each has a private rooftop deck, 12-foot ceilings, and exposed brick walls with open floor plans that 1 closed 4 in contract 5 available are perfect for entertaining and relaxation. The professional kitchen includes Miele appliances and Berloni cabinets, and reclaimed hardwood floors flow throughout Desirability Index : 44% the space.

Available list prices as of January 2019: One Bedroom: Listing Price: $265,000-$450,000 Size: 690-1135 SF Listing Price/SF: $384-$396

Three Bedroom: Listing Price: $1,250,000 Size: 4000 SF Listing Price/SF: $313

Available Amenities are highlighted

Address Developer 4402 - 4434 3rd Street Confidential

Total Units Average HOA Fees 9 $300/Month

Launch Year Average Absorption 2017 1 unit/month

Average Listing Price/SF N/A

Sale Status 9 on 3rd A row of nine attached townhouse-lofts with front stoops facing the sidewalk, rear below-grade parking, and brick exteriors. The properties include the features of a loft but 9 closed 0 in contract 0 available the comfort of a town home, exposed brick and high ceilings. Each of the 1,100-square-foot condominiums offers an open-plan first floor, including a master bedroom Desirability Index : 50% on the second floor, as well as a second one that can easily be converted to a studio. Each condo includes a 2- car (tandem) attached garage. Most Recent Closed Sales Closed Unit Type SF Closing Price $/SF Date SOLD OUT NOVEMBER 2018 4422 1/1.5 1100 $303,500 $276 11/9/18 4414 1/1.5 1100 $356,000 $324 11/7/18 4418 1/1.5 1100 $307,500 $280 9/28/18 4430 1/1.5 1100 $305,000 $277 8/31/18 4406 1/1.5 1100 $352,000 $320 8/29/18 4410 1/1.5 1100 $305,000 $277 8/21/18 4402 1/1.5 1100 $306,250 $298 4/24/2018 4426 1/1.5 1100 $351,800 $320 4/17/2018 4434 1/1.5 1100 $328,000 $278 4/16/2018 Averages: 1100 $323,894 $294

Available Amenities are highlighted

Developer Address Developer 438 Selden Ferlito Group

Total Units Average HOA Fees 12 $295/Month

Launch Year Average Absorption 2018 1.5< 1 units/monthunit/month

LastAverage Six MonthsListing Price/SF $123N/A (123 units)

Sale Status The Selden Condominium The Selden is a 12-unit luxury condominium ideally situated near the Woodward corridor in the heart of Midtown Detroit, with easy access to shopping, dining, art 12 closed in contract 0 available and the Q-LINE rail system just a few steps away. Desirability Index : 65%

SOLD OUT DECEMBER 2018 Most Recent Closed Sales Closed Unit Type SF Closing Price $/SF Date 302 2/2 1194 $505,000 $423 12/7/2018 303 2/2 1158 $485,000 $419 7/31/18

202 2/2 1194 $450,000 $377 6/7/18

203 2/2 1158 $300,000 $259 5/15/18 301 2/2 1185 $469,900 $397 4/7/18 304 2/2 1158 $489,000 $422 3/23/18 404 2/2 1155 $518,000 $448 2/20/18 402 2/2 1165 $489,900 $421 1/26/18 401 2/2 1185 $525,000 $443 1/18/18 Averages: 1171 $466,660 $419

Available Amenities are highlighted

Address Developer 525 W. Lafayette MCP Development Boulevard Total Units Average HOA Fees 56 $400-$600/Month

Launch Year Average Absorption 2018 1.5 units/month

Average Listing Price/SF $320

Fort Shelby Sale Status Located above the Downtown Hilton-DoubleTree hotel, the Fort Shelby Residences offer hotel amenities to its residents, as well as great views of the Detroit River and 28 closed 6 in contract 22 available the downtown skyline. Desirability Index : 55% Available list prices as of January 2019: One Bedroom: Most Recent Closed Sales Starting Listing Price: $300,000+ Closed Unit Type SF Closing Price $/SF Size: 939-1173 SF Date Listing Price/SF: $298—$346 14C 1/1 971 $305,000 $314 11/9/18 14D 2/2 1443 $490,000 $340 8/28/18 Two Bedroom: 20C 11 971 $340,000 $350 8/10/18 Starting Listing Price: $365,000+ 11C 1/1 939 $300,000 $319 6/24/18 Size: 1223-1443 SF 12B 3/2 1848 $550,000 $298 6/24/18 Listing Price/SF: $281—$347 20B 3/2 1848 $600,000 $325 6/24/18 17A 2/2 1405 $435,000 $310 5/31/18 Three Bedroom: 16B 3/2 1848 $548,500 $297 4/23/18 SOLD OUT 18B 3/2 1848 $533,000 $288 4/23/18 Averages: 1458 $455,722 $316

Available Amenities are highlighted

Address Developer 318 Edmund Place Hunter Pasteur Homes (Various) Total Units Average HOA Fees 104 $417-$579/Month

Launch Year Average Absorption 2018 4 units/month

Average Listing Price/SF $373

Sale Status City Modern City Modern is a largescale project comprising of 104 units, over 3 phases and 3 years of construction. The variety of designs (townhomes, carriage homes and 7 closed 76 in contract 21 available “duplettes”) all in a very contemporary style are very attractive to the modern buyer. Project offers multiple customization options. Desirability Index : 59% Available list prices as of January 2019: Two Bedroom: Listing Price: $508,690-$614,595 Size: 1,411-1,460 SF Listing Price/SF: $348-$424

Three Bedroom: Listing Price: $618,500-$912,845 Size: 1,810-2,477 SF Listing Price/SF: $342-$384

Available Amenities are highlighted

Address Developer 1454 Townsend Street Banyan Investment

Total Units Average HOA Fees 25 (phase 1) $400/Month 10 (phase 2) Launch Year Average Absorption 2019 <1 unit/month

Average Listing Price/SF $433

Sale Status Saint Charles Residences Phase 1 is located in a 1912 school being renovated into 25 condo units. The residences feature large open spaces, abundant natural light from soaring windows, lofty ceilings 0 closed 8 in contract 17 available and luxury ﬁnishes. This development includes additional new constructions phases planned in 2019-2020. Desirability Index : 57%

Available list prices as of January 2019: One Bedroom: Listing Price: $340,000-$370,000 Size: 933-981 SF Listing Price/SF: $364 - $377

Two Bedroom: Starting Listing Price: $495,000-$595,000 Size: 1,195-1,215 SF Listing Price/SF: $407-$498

Available Amenities are highlighted

Address Developer 7409 Second Street Fisher Kahn LLC

Total Units Average HOA Fees 48 $180/Month

Launch Year Average Absorption 2018 <1 unit/month

Average Listing Price/SF $249

Sale Status Fisher Kahn Condominiums Located in up and coming neighborhood of New Center, this apartment building is being converted to 5 closed 0 in contract 43 available condominiums. It is footsteps from the retail and entertainment of the Fisher building and the Q-Line. Desirability Index : 34%

Available list prices as of January 2019: Most Recent Closed Sales Closed One Bedroom: Unit Type SF Closing Price $/SF Listing Price: $159,900-$214,900 Date Size: 740-760 SF 31 1/1 760 $192,000 $253 8/31/18 Listing Price/SF: $216-$283 12 1/1 709 $168,000 $237 8/16/18 2 1/1 760 $179,900 $237 3/7/18 27 1/1 760 $177,000 $233 2/9/18 26 1/1 760 $176,000 $232 1/18/18 Averages: 750 $178,580 $238

Available Amenities are highlighted

Address Developer 64 Watson Street Devon Renewal

Total Units Average HOA Fees 5 $234 Month

Launch Year Average Absorption 2019 <1 unit/month

Average Listing Price/SF $416

Sale Status 64 Watson 64 Watson is the address of the former Devon building, now demolished to make place for this stately new development. Residences will have dark walnut ﬂooring, 0 closed 4 in contract 1 available private outdoor space, and a garage for residents. Desirability Index : 72%

Available list prices as of January 2019: Three Bedroom: Listing Price: $1,499,900 Size: 2,450 SF Listing Price/SF: $612

Available Amenities are highlighted

Address Developer 659 Howard Street Eric Means & Brian Holdwick Total Units Average HOA Fees 96 Unknown

Launch Year Average Absorption 2020 TBD

Average Listing Projected Price/SF $437

Sale Status Ashton Detroit Located just a few blocks West of the Central Business District Ashton Detroit is an ambitious project as the ﬁrst 0 closed 0 in contract 0 available high-rise residential building in several decades. Finishes are modern, and reminiscent of big City architecture such as Chicago or Toronto. Desirability Index : 78%

Project not taking reservations & no longer marketed for sale

Available Amenities are highlighted

Address Developer 5935 Cass Avenue The Platform

Total Units Average HOA Fees 53 $456-$936/Month

Launch Year Average Absorption 2020 <1 unit/month

Average Listing Price/SF $468

Cass & York Sale Status CASS & YORK provides the vibrancy of center city living with the scale and composure of an urban neighborhood. It includes ground ﬂoor retail with an outdoor plaza. 0 closed 6 in contract 47 available Residential units are planned to accommodate day-to-day comforts while detailed to be modern and distinct. No two units are alike. Desirability Index : 79%

Available list prices as of January 2019: One Bedroom: Starting Listing Price: $395,000+ Starting Size: 890 SF Listing Price/SF: $444—$482

Two Bedroom: Starting Listing Price: $545,000+ Size: 1247-1773 SF Listing Price/SF: $433—$993

Three Bedroom: Starting Listing Price: $850,000+ Starting Size: 1788 SF Listing Price/SF: $475

Available Amenities are highlighted

Address Developer 262 Mack Avenue Unknown Average HOA Fees Total Units $349/Month 9 Average Absorption Launch Year <1 unit/month 2019 Average Listing Price/SF $373

Sale Status James Place New construction townhome development on the North side of Brush Park, just South of the DMC and Whole Foods. 0 closed 3 in contract 6 available Very high end ﬁnishes are planned in this project that is scheduled for delivery early 2019. Desirability Index : 67%

Available list prices as of January 2019: Two Bedroom: Listing Price: $354,900-$495,900 Size: 1,110-1,300 SF Listing Price/SF: $364-$381

Available Amenities are highlighted

Address Developer 632 Prentis Street 632 Prentis LLC

Total Units Average HOA Fees 8 $200/Month

Launch Year Average Absorption 2019 N/A

Average Listing Price/SF $352

Sale Status

632 Prentis A row of nine attached townhouse-lofts with front stoops 0 closed 8 available facing the sidewalk, rear below-grade parking, and brick exteriors. The properties include the features of a loft but the comfort of a town home, exposed brick and high Desirability Index : 58% ceilings. Each of the 1,100-square-foot condominiums offers an open-plan first floor, including a master bedroom on the second floor, as well as a second one that can easily be converted to a studio. Each condo includes a 2- car (tandem) attached garage. Available list prices as of January 2019: One Bedroom: Listing Price: $210,000-$325,000 Size: 687-883 SF Listing Price/SF: $306-368

Available Amenities are highlighted

Address Developer 4304 Trumbull Street Unknown

Total Units Average HOA Fees 6 $250/Month

Launch Year Average Absorption 2018 <1 unit/month

Average Listing Projected Price/SF $362

Sale Status Trumbull House Situated in the peaceful historic neighborhood of Woodbridge, Trumbull House offers residents access to some of Detroit’s most charming tree-lined streets, while 1 closed 5 available minutes from some of Detroit’s most cherished restaurants and shops providing for your every need. Desirability Index : 51% Nice quality ﬁnishes in this historic renovation are appealing to buyers. Most Recent Closed Sales Closed Unit Type SF Closing Price $/SF Available list prices as of January 2019: Date One Bedroom: 3 1/1 625 $200,000 $320 12/3/18 Listing Price: $210,000-$325,000 Averages: 625 $200,000 $320 Size: 687-883 SF Listing Price/SF: $306-368

Available Amenities are highlighted

Address Developer 2221 Trumbull Larson Group Robertson Brothers Total Units Average HOA Fees 34 $250/Month

Launch Year Average Absorption 2020 5 units/month

Average Listing Price/SF $268

Sale Status

Tiger Towns at the Corner Located at the site of Historic Tiger Stadium, this 0 closed 5 in contract 29 available new construction town home is within walking distance of Corktown food and entertainment scene and minutes from the CBD. The project offers Desirability Index : 51% custom ﬁnish selections as well as rooftop & ﬂoorplan upgrades .

Available list prices as of January 2019: Two Bedroom: Listing Price: $409,990-$440,990 Size: 1,588 SF Listing Price/SF: $258-$278

Available Amenities are highlighted

Condo Market Report Downtown Detroit - January 2019 Copyright 2019 The Loft Warehouse Inc. DEVELOP WITH CONFIDENCE™ Resale The Detroit condominium market is still largely dominated by resales that represent the large majority of transactions. Most of these happen in developments that launched in the mid 2000s, most of them resulting from the adaptive reuse of historic structures. Development List:

Detroit Towers Condos Riverfront Tower Condos Shoreline East Condos Westin Book Cadillac Campau Farm in FD Lofts Elmwood Park Garden Court Canﬁeld Lofts Gramont Manor Condos Indian Village Manor 200 River Place Lofts Willys Lo s Lofts at New Center Carola & Lauer Condos Leland Lofts Lofts at Rivertown Park Shelton Condos Research Lofts Harbor Spinnaker Tower Art Center Town & Car- riage Homes Leland Lo s Ellington Condos Garden Lofts Great Lakes Tower Grinnell Place Lofts Stuber-Stone Lofts Willys Overland Lofts Woodward Place at Brush Park 55 West Canﬁeld Carlton Lofts Research Lo s

Detroit Towers Condominiums Built for Detroit’s wealthy in 1925, Detroit Towers sits back Desirability Index : 22% on Jefferson near the Detroit River. The building, designed by Walter W. Ahlschlager, is its own historic district and is listed on the National Register of Historic Places. Each Most Recent Closed Sales ﬂoor has two units with views of Belle Isle, Canada and downtown. Unit Type SF Closing Price $/SF Closed

17A 3/3 2810 $377,500 $134 5/21/18 12B 2/2 2400 $217,500 $91 3/6/18 4B 3/2.5 2500 $190,000 $76 11/21/17 7A 3/2.5 2500 $235,000 $94 12/5/16 1B 2/2 2500 $30,000 $12 5/9/16 Averages: 2542 $210,000 $81 Address Average HOA Fees 8162 E. Jefferson Avenue $2162-$2618/Month Total Units Sold Out 36 1976 (est.) Launch Year Last Six Months Price/SF 1974 No Recent Sales Developer Detroit Towers Associates

Available Amenities are highlighted

Shoreline East Condominiums Shoreline East Condominiums features soaring riverfront Desirability Index : 14% and city views from a 20-story gated high-rise building on the Detroit River. The mid-century modern architecture offers spacious studio units as well as one, two and three Most Recent Closed Sales bedroom residences. Shoreline East Condominium offer a diverse professional community, exceptional service levels Unit Type SF Closing Price $/SF Closed and a great waterfront location.

1801 0/1 550 $57,00 $104 11/28/18 703 2/2 1100 $117,00 $106 11/8/18 1206 1/1 700 $41,900 $60 10/23/18 704 2/2 1100 $140,000 $127 10/12/18 805 1/1 705 $64,900 $92 9/17/18 209 2/2 112 $179,900 $162 7/30/18 Address Average HOA Fees 1403 2/2 1100 $155,000 $141 7/27/18 8200 E. Jefferson Avenue $300-$1098/Month 503 2/1.5 1142 $120,000 $105 7/6/18 Total Units Sold Out 203 2/2 1142 $99,900 $86 6/19/18 209 N/A Launch Year Last Six Months Price/SF 1604 2/2 1100 $120,000 $109 4/23/18 1980 $112 (8 units) Averages: 875 $115,200 $109 Developer N/A

Available Amenities are highlighted

Campau Farms at Elmwood Park Campau Farms is a gated community of townhomes orga- Desirability Index : 24% nized around a central swimming pool and club house and located in a nicely landscaped park. Townhomes are 3-story modern construction and most Most Recent Closed Sales have been remodeled by their current owners to upgrade ﬁnishes to new materials and appliances. Unit Type SF Closing Price $/SF Closed

1858 C 2/1.5 2840 $166,000 $58 9/27/18 1704 C 2/2 2840 $150,000 $53 9/26/18 1727 C 2/1.5 1100 $152,000 $138 7/13/18 1731 C 2/2 1420 $149,000 $105 6/22/18 2910 P 2/1.5 1830 $162,000 $89 1/26/18 1718 C 2/2 2840 $125,000 $44 12/21/17 Address Developer 1830 C 2/1.5 1830 $137,000 $75 8/9/17 Campau Farms Circle (C) Charter Oak Homes 1934 C 2/1.5 1400 $150,000 $107 7/31/17 Prince Hall Drive (P) Average HOA Fees 1924 C 2/1.5 1830 $150,000 $82 7/25/17 Total Units $190-$320/Month 172 Sold Out 1762 C 2/2 1700 $155,000 $91 6/19/17 Launch Year 2000 Averages: 1963 $149,600 $84 1997 Last Six Months Price/SF $83 (3 units)

Available Amenities are highlighted

Canfield Lofts Condominiums Placed on the national and local historical registries in Desirability Index : 56% 1999, this structure was built in 1921 and occupied by Buick Motor Co. Canfield Lofts feature exposed concrete martini columns throughout, new windows, first-floor park- Most Recent Closed Sales ing garage for 22 cars, an outdoor lot, an 800-square-foot common outdoor roof deck, storage area on first and sec- Unit Type SF Closing Price $/SF Closed ond floors, an alarm system. Its location makes it the favorite of many Detroiters and it 206 1/1 1100 $295,000 $268 11/16/18 regularly reaches price/sf records. 302 1/1 868 $275,000 $317 4/30/18 208 1/1 786 $317,500 $404 3/12/18 309 1/1 1087 $350,000 $322 11/7/17 106 1/1 900 $309,000 $343 10/30/17 304 1/1 1087 $360,000 $331 10/17/17 Address Average HOA Fees 308 1/1 900 $315,000 $397 5/31/17 460 W. Canfield Street $262-$375/Month 208 1/1 786 $250,000 $318 1/26/17 Total Units Sold Out 303 1/1 1081 $329,000 $304 10/31/16 35 2006 Launch Year Last Six Months Price/SF 104 1/1 914 $330,000 $361 10/25/16 2000 $268 (1 unit) Averages: 951 $313,050 $337 Developer Canfield Lofts LLC

Available Amenities are highlighted

Gramont Manor Condominium This building is one of the hidden treasures of New Center. Desirability Index : 32% Built in 1920 by famed architect Albert Kahn, it was converted into condominiums in 2000. The building features a beautiful mosaic ﬂoor in the lobby Most Recent Closed Sales and classical columns with molding. Closed Unit Type SF Closing Price $/SF Date 301 2/1 710 $110,000 $155 11/2/18 107 2/1 850 $117,500 $138 7/20/18 Unk 2/1 800 $141,000 $176 4/25/18 108 1/1 540 $95,000 $176 4/25/18 305 1/1 540 $85,000 $157 2/7/18 307 2/1 800 $90,000 $113 11/2/17 Address Average HOA Fees 101 2/1 790 $91,500 $116 6/26/17 120 Seward $219-$325/Month 402 1/1 800 $85,000 $106 4/6/17 Total Units Sold Out 50 2005 304 1/1 750 $82,500 $110 3/28/17 Launch Year Last Six Months Price/SF 408 1/1 700 $90,000 $129 3/27/17 2000 $147 (2 units) Averages: 728 $98,750 $138 Developer Farbman Group

Available Amenities are highlighted

Indian Village Manor Indian Village Manor is a hidden gem in the Gold Coast Desirability Index : 27% along East Jefferson. The building is divided into large condos that don’t share walls with neighboring condos. Units offer hardwood floors, fireplace, built-ins, and crown Most Recent Closed Sales molding. Building feature a gated parking lot, security, a fitness cen- Unit Type SF Closing Price $/SF Closed ter and a small park for residents along the riverfront. 3G 3/3 2280 $236,500 $104 4/30/18 5H 2/3 2400 $197,000 $82 3/30/18 4G 3/3 2280 $225,000 $99 2/14/18 Unk 1/1 1180 $163,5000 $139 12/26/17 5K 3/3 2400 $290,000 $121 12/22/17 3C 3/3 2380 $235,000 $99 12/8/17 Address Average HOA Fees 7E 2/2.5 2400 $299,000 $125 7/17/17 8120 E. Jefferson Avenue $503-$1100/Month 5B 3/3 2410 $280,000 $116 4/10/17 Total Units Sold Out 6E 2/2 2280 $265,000 $116 2/27/17 87 2004 (est.) Launch Year Last Six Months Price/SF 3F 4/3 2380 $175,000 $74 12/19/16 2000 No Recent Sales Averages: 2229 $236,600 $108 Developer Indian Village Manor

Available Amenities are highlighted

200 River Place Lofts Designed by noted architect Albert Kahn in the late 1800s, Desirability Index : 38% 200 River Place Lofts is part of a complex of buildings originally developed for the Parke Davis pharmaceutical company. Most Recent Closed Sales With its historical features, riverfront location, vicinity to Closed Unit Type SF Closing Price $/SF restaurants and cultural attractions, and strong sense of Date community among residents, 200 River Place Lofts provides a true urban luxury loft living experience. 6 2/2 1850 $529,500 $286 12/4/18 31 1/1 1160 $335,000 $289 10/18/18 47 1/1 1160 $349,000 $301 7/17/18 8 2/2.5 2961 $680,000 $230 12/8/17 46 1/1.5 1451 $430,000 $296 9/11/17 11 2/1.5 1397 $399,500 $286 7/21/17 Address Average HOA Fees 26 2/2 1555 $400,000 $257 7/20/17 200 River Place $298-$880/Month 29 2/2.5 2244 $500,000 $223 4/25/17 Total Units Sold Out 48 2006 12 2/2 2070 $533,000 $257 3/9/17 Launch Year Last Six Months Price/SF 37 2/1.5 1390 $312,714 $225 12/30/16 2002 $292 (3 units) Averages: 1724 $446,871 $265 Developer Farbman Group

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Lofts at New Center Desirability Index : 37% This development is a series of 102 townhomes Located on the West side of Woodward Avenue, North of Grand Boulevard. The units are 3-story units on Woodward ave- Most Recent Closed Sales nue and 2-story units on Bethune, Pallister and Delaware Streets. Closed Unit Type SF Closing Price $/SF They offer high ceilings and modern layouts & materials in Date an open and lofty architecture. 57 P 1/1 1254 $255,000 $203 9/10/18 Thanks to its proximity to the Woodward & Grand Blvd in- 78 B 1/1 1254 $255,000 $203 7/31/18 tersection, this development has now walking access to 84 B 2/1.5 1280 $250,000 $195 6/21/18 more amenities, including a Q-Line station. 60 B 2/1.5 1254 $242,500 $193 6/13/18 18 P 2/1.5 1254 $252,000 $201 4/6/18 74 B 2/1.5 1280 $240,000 $188 10/24/17 Address Developer 68 B 2/1.5 1254 $225,000 $179 10/18/17 W. Bethune (B) Charter Oak Homes 76 B 3/1.5 1254 $263,000 $210 10/10/17 W. Pallister (P) Average HOA Fees Delaware (D) $200-$235/Month 13 P 2/1.5 1254 $194,500 $155 8/18/17 Total Units Sold Out 18 B 2/1.5 1250 $225,000 $180 8/11/17 102 2006 Averages: 1259 $240,200 $191 Launch Year Last Six Months Price/SF 2002 $203 (2 units)

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Carola Condominiums The Carola building was originally constructed as an Desirability Index : 42% extended stay hotel. The seven-story building was abandoned for many years when the development team purchased the building and began the reconﬁguration to Most Recent Closed Sales luxury condominiums. With three units per ﬂoor, and each Closed having a balcony, the raw concrete and exposed clay tile Unit Type SF Closing Price $/SF ceiling spaces are quite dramatic. Date The building offers a unique parking solution with a row of 28/9 1/1 796 $292,000 $367 7/2/18 garages in the back of the property. 5 1/1 1050 $320,000 $305 6/27/18 Unk 1/1 990 $270,000 $273 4/13/18 22 1/1 900 $205,000 $228 5/31/17 27 1/1 900 $245,000 $272 10/7/16 26 1/1.5 917 $280,000 $305 7/6/16 Address Developer 9 1/1 1135 $280,280 $247 5/1/16 78 Watson & George John 10 1/1 1240 $287,700 $232 4/7/16 112Watson Average HOA Fees Total Units $220-$336/Month 1 2/1 1611 $300,000 $186 2/15/16 21 Sold Out Averages: 1060 $275,553 $268 Launch Year 2018 2003 Last Six Months Price/SF $367 (1 unit)

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Leland Lofts Leland Lofts is an historic school building converted into Desirability Index : 38% condominiums located in the desirable Lafayette Park. This landmark building has its place on the National Regis- ter of Historic Buildings, and offers 32 lofts, which main- Most Recent Closed Sales tain the elegant architecture of this period building, yet Closed benefit from modern fixtures and fittings. Leland Lofts’ Unit Type SF Closing Price $/SF condominiums are available as one or two bedroom units Date over large open floor plans, featuring over-sized windows, 50 2/1.5 1396 $375,000 $269 10/12/18 custom kitchens and bathrooms, oak hardwood flooring, 12-14 foot ceilings and exposed duct work. Leland Lofts 38 1/1 1350 $270,200 $200 5/3/18 has a great communal rooftop deck and a fitness center 49 1/1 1067 $275,000 $258 3/29/18 whilst it is only a short walk to cultural venues, restaurants 37 1/1.5 1580 $335,000 $212 8/11/17 and shopping at Eastern Market, Riverwalk and downtown Detroit 41 1/2 1180 $275,000 $233 3/10/17 45 1/1 1150 $261,000 $277 9/26/16 Address Average HOA Fees 35 2/1 1315 $277,000 $211 4/29/16 1395 Antietam Avenue $180-$375/Month Averages: 1291 $295,457 $237 Total Units Sold Out 32 N/A Launch Year Last Six Months Price/SF 2004 $269 (1 units) Developer Joel Landy

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Lofts at Rivertown Originally a warehouse & manufacturing plant for Frederik Desirability Index : 32% Stearns & Company, a lead- ing pharmaceutical manufacturer in 19th century this structure was first built in 1899 with the addition in 1912. Most Recent Closed Sales This gated community has a fitness room, outdoor pool & Closed hot tub, 24/7 security and access control. Unit Type SF Closing Price $/SF Date The building is located only 2 miles from downtown and just across the street from the Belle Isle State Park. 240 1/1 1112 $181,000 $163 12/19/2018 Units are true lofts showing off various design and con- 303 1/1 894 $170,000 $190 11/16/18 struction materials: old timber beams, martini columns, 601 1/1 1000 $160,000 $160 11/13/18 exposed concrete ceilings. Some 4th floor units feature a 320 1/1 1000 $180,000 $180 10/8/18 rooftop terrace on a 2nd level, while a very few penthouse 435 2/2 1255 $272,000 $217 9/28/18 units include a rooftop deck. 128 2/2 936 $188,000 $201 9/24/18 Address Average HOA Fees 208 2/1 1100 $194,5000 $177 9/20/18 6533 E. Jefferson Avenue $445/Month 329 1/1 828 $155,000 $187 9/12/18 Total Units Sold Out 178 2010 426 2/2 1393 $315,000 $226 7/27/18 Launch Year Last Six Months Price/SF 331 1/1 819 $179,000 $219 7/27/18 2004 $194 (10 units) 003 1/1 1050 $194,9000 $186 7/12/18 Developer Averages: 1028 $551,300 $191 Slavik Murray Investment Co.

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Park Shelton Condominiums This is Midtown Detroit unique high rise condominium, Desirability Index : 50% with history, character, mystique, exclusivity, and comfort all in one place. The original 1926 Wardell hotel building has been brought Most Recent Closed Sales back to its former grandeur, with a thorough structural and thorough interior modernization. It features a grand lobby Unit Type SF Closing Price $/SF Closed with a full-time professional staff in attendance. 325 0/1 522 $159,000 $305 12/7/18 The Park Shelton boasts legendary design and modern amenities, combining posh with urban chic while offering 404 2/2 1660 $385,000 $232 10/26/18 the convenience of many on-site amenities such as shops, 1107 1/2 892 $264,000 $296 10/26/18 restaurants, coffee shops, and a Q-Line station. 801 1/1 644 $215,000 $334 9/19/18 1131 1/1 819 $250,000 $305 9/14/18 518 2/2 1600 $400,000 $250 9/6/18 Address Average HOA Fees 617 2/2 1667 $430,000 $258 8/17/18 15 E. Kirby Street $258-$924/Month 630 1/1 453 $185,000 $408 8/2/18 Total Units Sold Out 723 0/1 574 $170,000 $296 6/13/18 227 2017 Launch Year Last Six Months Price/SF 620 1/1.5 860 $242,000 $281 4/12/18 2004 $299 (8 units) Averages: 969 $270,000 $297 Developer BRG Custom Homes

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Research Lofts Desirability Index : 43% Research Lofts offers modern styled units in a nationally listed historic industrial style building. Includes: dramatic open spaces, high ceilings, volumes of natural daylight, Most Recent Closed Sales exposed brick, martini glass style columns, exposed wood Closed beams and timbers, all provided in the historical charmed Unit Type SF Closing Price $/SF setting of Old Detroit. Near some of Detroit’s ﬁnest neigh- Date borhoods: Wayne State University, Midtown, Woodbridge 204 2/1 1083 $345,000 $319 10/16/18 Historic District, & New Center. 104 2/1 911 $230,000 $252 7/30/18 114 2/1 1173 $319,000 $272 7/28/18 208 2/1 896 $267,000 $298 6/21/18 215 3/2 1729 $442,500 $256 6/12/18 110 1/1 780 $245,000 $314 5/30/18 Address Average HOA Fees 207 2/1 1032 $290,000 $281 5/17/18 5766 Trumbull Street $195/Month 204 1/1 1083 $245,000 $226 7/26/16 Total Units Sold Out 35 2008 102 2/1.5 947 $242,000 $256 5/27/16 Launch Year Last Six Months Price/SF Averages: 1070 $291,722 $275 2004 $281 (3 units) Developer John Biggar & Chadd Fox

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Harbortown | Spinnaker Tower This building is located in a gated & secured development Desirability Index : 33% that offers resort-like amenities to its residents. It includes 3 multi-family buildings and a number of townhomes. The complex has a direct private access to the Detroit River- Most Recent Closed Sales front walk and its own marina. Unit Type SF Closing Price $/SF Closed With 19 stories, the Spinnaker Tower is the tallest of these buildings. Located on the West side of the complex it of- 17C 2/2 1090 $210,000 $193 12/12/18 fers the best views of downtown and the river. Unk 1/1 740 $118,000 $159 11/14/18 6C 2/2 2090 $170,000 $156 8/31/18 5B 1/1 740 $110,000 $149 6/25/18 2C 2/2 1090 $154,500 $142 5/31/18 6D 2/2 1090 $180,000 $165 5/14/18 Address Average HOA Fees 15D 2/2 1090 $210,000 $193 4/30/18 3320 Spinnaker Lane $625/Month 15C 1/1.5 1090 $169,900 $156 4/13/18 Total Units Sold Out 18A 2/2 1090 $180,000 $165 3/20/18 90 2008 Launch Year Last Six Months Price/SF 15E 1/1 740 $91,500 $124 11/30/17 2005 $169 (3 units) Averages: 1085 $159,390 $160 Developer SMU LLC

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Art Center Town & Carriage Homes North This development is located on the East side of Midtown Desirability Index : 38% in the Art Center residential district. These townhomes are of recent construction with the last phase having just been completed. Most Recent Closed Sales

Unit Type SF Closing Price $/SF Closed

301 2/2.5 1328 $350,000 $264 8/21/18 267 4/4 2223 $389,900 $175 6/17/18 274 1/1 1132 $179,000 $158 6/8/18 265 4/4 2223 $382,900 $172 3/2/18 292 3/2.5 1500 $310,000 $207 1/5/18 275 3/3 1458 $330,000 $226 12/1/17 Address Average HOA Fees 271 3/3 1458 $334,900 $230 8/2/17 E. Palmer Street $155-$195/Month 286 1/1 1128 $180,000 $160 7/24/17 Total Units Sold Out 273 3/3 1458 $339,900 $233 6/30/17 60 2017 Launch Year Last Six Months Price/SF 290 1/1 1128 $159,500 $141 3/3/17 2006 $264 (1 unit) Averages: 1504 $295,610 $197 Developer Art Center Townhomes LLC

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Ellington Condominiums The Ellington offers unprecedented loft-style luxury. Locat- Desirability Index : 59% ed adjacent to the Detroit Medical Center and Wayne State University, The Ellington also is less than half a mile from Detroit's Central Business District, which includes Comeri- Most Recent Closed Sales ca Park, Ford Field and General Motors and Compuware Closed corporations. World-class dining and entertainment are Unit Type SF Closing Price $/SF also nearby. Date 214 2/2 1298 $400,000 $308 11/28/18 401 2/2 1420 $440,000 $310 8/31/18 502 1/1.5 1147 $350,000 $305 6/22/18 503 1/1.5 862 $312,000 $362 6/21/18 407 2/2 1331 $410,000 $308 10/3/17 212 2/2 1180 $375,000 $318 6/30/17 Address Average HOA Fees 204 2/2 1226 $363,700 $297 6/23/17 3670 Woodward Avenue $389-$642/Month 308 1/1.5 967 $319,000 $330 5/31/17 Total Units Sold Out 36 2013 409 2/2 1150 $335,000 $291 7/6/16 Launch Year Last Six Months Price/SF Averages: 1176 $367,189 $314 2006 $309 (2 units) Developer Peter Cummins

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Garden Lofts Very popular Garden Lofts in Brush Park with view of Desirability Index : 64% Comerica Park. Perfect location near Downtown, Midtown, Wayne State and the DMC. Open, airy and bright third ﬂoor unit with wood ﬂoors, stainless steel appliances and own Most Recent Closed Sales washer/dryer. Building has workout room and outdoor common space with great view of ballpark. Secure indoor Unit Type SF Closing Price $/SF Closed parking. Rent includes heat and water, so tenant pays only electricity. 455 1/1 836 $285,000 $341 9/26/18 456 1/1 830 $286,500 $345 5/31/18 322 1/1 770 $294,000 $382 5/4/18 452 1/1 864 $293,000 $339 2/2/18 451 2/2 1138 $395,000 $347 1/9/18 442 2/2 1333 $437,150 $328 8/24/17 Address Average HOA Fees 327 1/1 1017 $310,000 $305 7/18/17 66 Winder Street $285-$410/Month 444 2/2 1138 $385,000 $338 7/12/17 Total Units Sold Out Unk 1/1 949 $299,000 $315 6/9/17 62 2012 Launch Year Last Six Months Price/SF 443 1/1 819 $268,000 $327 5/1/17 2006 $341 (1 unit) Averages: 969 $325,265 $337 Developer Crosswinds Communities

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Harbortown | Great Lakes Tower This building is located in a gated & secured development Desirability Index : 41% that offers resort-like amenities to its residents. It includes 3 multi-family buildings and a number of townhomes. The complex has a direct private access to the Detroit Most Recent Closed Sales Riverfront walk and its own marina. Unit Type SF Closing Price $/SF Closed The Great Lakes Tower is the largest of these buildings, located on the East side of the complex. It has its own 912 2/2 1161 $265,000 $228 12/14/18 swimming pool and ﬁtness center. The architecture of the building dates back to 1989 and offers multiple bay 701 2/2 1457 $365,000 $251 11/30/18 windows thus maximizing the fantastic Detroit River views. 805 2/2 1031 $276,000 $268 11/26/18 706 2/2 1031 $257,900 $250 11/9/18 1310 2/2 1214 $389,900 $321 11/1/18 407 2/2 1031 $235,000 $228 10/30/18 Address Average HOA Fees 806 2/2 1031 $279,050 $271 9/28/18 250 Harbortown East Drive $645/Month 1404 2/2 1214 $262,500 $216 9/28/18 Total Units Sold Out 1102 1/1 748 $215,000 $287 8/31/18 172 TBD Launch Year Last Six Months Price/SF 707 2/2 1031 $255,000 $247 8/24/18 2017 $253 (10+ units) Averages: 1095 $280,035 $257 Developer Bow River Capital

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Grinnell Place Lofts The Grinnell Place Lofts project redeveloped the former Desirability Index : 45% Grinnell Brothers Piano Factory building into 38 for-sale condominium units. All units have a balcony and the 4th floor lofts all have access to a rooftop terrace with prime Most Recent Closed Sales view of the Downtown skyline. Closed Unit Type SF Closing Price $/SF Parking is located in a first floor garage. Date Grinnell Place Lofts holds the record of the highest price/ 201 2/1.5 1172 $401,000 $342 9/7/18 sf outside of the Central Business District thanks to its 211 2/1.5 1135 $375,000 $330 10/10/17 high quality of construction/renovation and finishes, and its location ideally placed between trendy Corktown and 402 2/1.5 1036 $499,000 $482 10/2/17 Downtown. 307 2/2 1345 $448,000 $333 8/18/17 414 2/2.5 1572 $700,000 $445 8/15/17 205 1/1 808 $315,000 $390 6/29/17 Address Average HOA Fees 311 2/2 1122 $385,000 $343 6/16/17 2003 Brooklyn $250-$300/Month Unk 2/2 1290 $531,313 $412 11/23/16 Total Units Sold Out 38 2014 Averages: 1185 $456,789 $385 Launch Year Last Six Months Price/SF 2006 $342 (1 unit) Developer Marl Wilcox & Chris Hajek

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Stuber-Stone Lofts Located in the national historic district, the Stuber-Stone Desirability Index : 52% building was built in 1916 to serve as a dealership for the Columbia Motor Car Company. These lofts feature one- bedroom units w/loft and bath, large open ﬂoor plans, 16- Most Recent Closed Sales foot ceiling heights, as well as two-story lofts. Closed Unit Type SF Closing Price $/SF Date 200 1/1 1204 $320,000 $266 11/2/18 1300 2/1 1356 $410,000 $302 6/29/18 700 2/1 1198 $367,500 $307 7/14/17 600 2/1 1872 $345,000 $184 12/13/16 Unk 1/1 1250 $380,000 $304 3/25/16 Address Average HOA Fees Averages: 1376 $364,500 $273 4221 Cass Avenue $285/Month Total Units Sold Out 13 2016 Launch Year Last Six Months Price/SF 2006 $266 (1 unit) Developer Bob Slattery

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Unit Type SF Closing Price $/SF Closed

104 2/2 1487 $490,000 $330 10/5/18 205 2/2 1439 $435,000 $302 7/6/18 202 2/1 1267 $422,500 $333 6/25/18 414 2/2 1842 $532,500 $289 6/8/18 411 2/2 2292 $825,000 $360 3/16/18 415 2/2 1388 $492,500 $355 3/16/18 Address Average HOA Fees 304 1/1 1100 $322,500 $293 2/28/18 444 W. Willis Street $440/Month 401 2/2.5 2484 $828,000 $333 2/26/18 Total Units Sold Out 313 2/2 1388 $460,000 $331 2/16/18 75 TBD Launch Year Last Six Months Price/SF 315 2/2 1388 $460,000 $331 2/16/18 2006 $316 (2 units) Averages: 1608 $526,800 $326 Developer Norwinds Development

Woodward Place at Brush Park This townhome development has seen a great renewal of Desirability Index : 34% interest from buyers. First with the announcement of the Q -Line that passes and stops right by, and more recently with the Little Caesar Arena across the street. Most Recent Closed Sales Closed This project is now in one of the most coveted locations in Unit Type SF Closing Price $/SF town and the appeal of its large ﬂoorplans, secured park- Date ing and nice landscape is making this a favorite for many sports enthusiasts. 129 WI 2/2 2025 $450,000 $222 12/24/2018 100 AD 2/2 1947 $380,000 $195 12/21/2018 2622 WO 2/2 1627 $485,000 $298 12/21/2018 2652 WO 2/2 1705 $490,000 $287 11/30/18 2555 JR 3/1.5 1468 $367,800 $251 9/19/18 67 AD 2/2 1470 $355,000 $241 8/13/18 Address Developer 41 WI 2/3 2294 $475,000 $207 5/18/18 Winder Street, John R Avenue Crosswind 2541 JR 3/1.5 1456 $375,000 $258 11/20/17 Adelaide Street, Woodward Average HOA Fees Avenue $204-$314/Month 82 AD 3/1.5 1468 $350,000 $238 10/13/17 Total Units Sold Out 98 AD 2/1.5 1468 $320,000 $218 8/7/17 550 2008 2660 WO 3/2 1456 $375,000 $258 7/28/17 Launch Year Last Six Months Price/SF 2555 JR 3/1.5 1468 $349,900 $238 7/18/17 2006 $249 (6 units) 2440 WO 3/1.5 1468 $365,000 $249 5/26/17 Averages: 1572 $382,270 $243

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Address Average HOA Fees 55 Canfield Street $246-$300/Month Total Units Sold Out 38 2013 Launch Year Last Six Months Price/SF 2007 No Recent Sales Developer Wayne South University Village

Carlton Condominiums Located in the former Carleton Plaza Hotel in Brush Park, Desirability Index : 49% The Carlton Lofts contain 50 condominium units that re- veal the original architecture of the building in a true loft fashion: exposed brick walls & ceilings, concrete structure Most Recent Closed Sales & columns, and polished concrete floors. The developer added modern finishes such as heated floors, upscale Unit Type SF Closing Price $/SF Closed kitchens and bathrooms. Balconies offer great views of Brush Park and Downtown. 308 2/2 1242 $390,000 $314 4/13/18 Woodward avenue and the entertainment district is just a 203 1/1 832 $246,000 $296 3/23/18 couple blocks away and the Q-Line connects residents 302 1/1 870 $259,700 $299 12/15/17 easily with Downtown to the South and Midtown/New Cen- 307 2/2 1140 $348,000 $305 9/1/17 ter to the North. 204 1/1 768 $243,000 $316 8/30/17 211 1/1.5 1017 $295,000 $290 7/10/17 Address Average HOA Fees 401 1/1 706 $229,900 $326 6/30/17 2915 John R Street $325/Month 305 2/1 870 $275,000 $316 3/28/17 Total Units Sold Out 707 2/2 1701 $510,000 $300 10/14/16 50 TBD Launch Year Last Six Months Price/SF 202 1/1 870 $252,000 $290 9/2/16 2006 No Recent Sales Averages: 1001 $304,900 $302 Developer Dominic Liburdi

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Riverfront Tower Condominiums Riverfront Tower is a luxury high-rise residential communi- Desirability Index : 55% ty of Detroit Downtown. These spacious one and two bedroom apartments come with multiple ﬂoor plans to suit all needs and tastes. Spectacular views of the Detroit River Most Recent Closed Sales and Windsor skyline and easy connection to downtown Closed entertainment offer residents a great lifestyle. Unit Type SF Closing Price $/SF Date 1H 1/1 713 $195,000 $273 12/27/2018 22F 1/1.5 751 $230,000 $306 12/5/18 14E 2/2 1019 $315,000 $309 11/30/18 16G 1/1 553 $205,000 $371 11/7/18 2H 1/1 713 $190,000 $266 10/26/18 25K 2/2 1300 $500,000 $385 10/22/18 Address Developer 15A 2/2 1135 $299,000 $263 10/18/18 1001 Jefferson & Riverfront Condominium 300 18FG 2/2.5 1310 $405,000 $309 10/15/18 300 Riverfront Average HOA Fees $335-$723/Month 4I 2/2 1041 $300,000 $288 10/12/18 Total Units Sold Out 7C 1/1 621 $210,000 $338 9/13/18 295 2008 23I 2/2 1041 $330,000 $317 8/21/18 Launch Year Last Six Months Price/SF Averages: 948 $298,400 $311 2006 $311 (11 units)

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Westin Book Cadillac Residences The Westin Book Cadillac Detroit is a historic skyscrap- Desirability Index : 67% er hotel. It includes 65 exclusive luxury condominiums and penthouses on the top eight floors. It reopened in October 2008 after completing a $200- Most Recent Closed Sales million reconstruction project. Closed Unit Type SF Closing Price $/SF Residents benefit from the full suite of hotel amenities: Date private concierge, maid service, room service, 24/7 valet & security and access to the fitness center, swimming pool, 2703 2/2 1265 $575,000 $455 8/6/18 on site restaurants and Starbucks coffee shop. 2604 2/2 1252 $500,000 $399 7/23/18 This condominium is the definitive Detroit market leader in 2512 2/2 1270 $645,000 $508 10/17/17 price/sf. 2904 3/2.5 2500 $1,795,000 $718 6/2/17 2501 2/2 1137 $470,000 $413 4/7/17 2709 2/2 1179 $575,000 $488 3/28/17 Address Average HOA Fees 2507 1/1.5 977 $425,000 $435 2/14/17 1135 Shelby $570-$2779/Month 2606 2/2 1420 $657,900 $463 2/14/17 Total Units Sold Out 65 2014 2905 3/2.5 4470 $1,200,000 $268 11/1/16 Launch Year Last Six Months Price/SF 2802 2/2 1277 $575,000 $450 9/23/16 2008 $427 (2 units) Averages: 1664 $732,300 $456 Developer Ferchill Group

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FD Lofts The FD (Fire Department) Lofts are located in a 1917 DFD Desirability Index : 27% maintenance center that was converted into residential use in 2006. The transformation of this brick and concrete building architecture resulted in exceptional lofts with Most Recent Closed Sales mezzanine bedrooms, 18-foot ceilings, large warehouse- Closed style windows, and a private courtyard that leads to the Unit Type SF Closing Price $/SF gated covered parking and storage for residents. Date Eastern market is one of the favorite destinations of De- 405 1/1 1444 $322,000 $233 8/9/18 troiters and all of Southeast Michigan on weekends and 304 1/1 1000 $243,500 $244 3/6/18 especially on ﬂower day in May. 107 2/2 1780 $435,000 $244 6/29/17 Unk 1/2 1200 $305,000 $254 3/22/17 406 1/2 1450 $325,000 $224 3/6/17

208 1/1 916 $255,000 $278 1/26/17 Address Average HOA Fees Averages: 1269 $312,700 $249 3434 Russell Street $225-$364/Month Total Units Sold Out 34 2016 Launch Year Last Six Months Price/SF 2014 $223 (1 unit) Developer Robert Heide

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Garden Court Garden Court is a 9-story 1915 building by famed architect Desirability Index : 37% Albert Kahn. It offers and great views of Downtown and the Detroit River in a classical architecture style typical of the early 20th century. The building was registered on the Most Recent Closed Sales national registry of historical places in 1985. Unit Type SF Closing Price $/SF Closed There were only a few units owned by the developer at the beginning of the year and they are now sold. Some home 62 1/1.5 1608 $273,200 $170 12/7/18 owners have beautifully restored & upgraded their units with breathtaking results. C4 2/2.5 2883 $345,000 $120 7/13/18 B6 4/3 3000 $375,000 $125 11/9/17 D102 1/1 764 $163,000 $213 7/31/17 B1 3/3 2952 $339,000 $115 7/19/17 B3 3/2.5 3047 $345,000 $113 4/20/17 Address Average HOA Fees D101 1/1 718 $149,900 $209 3/24/17 2900 Jefferson Avenue $262-$681/Month A801 1/1 771 $145,000 $188 2/9/17 Total Units Sold Out A701 1/1 771 $140,000 $182 2/9/17 66 TBD Launch Year Last Six Months Price/SF C2A 1/1 1049 $116,970 $112 12/16/16 2007 $145 (2 units) Averages: 1756 $239,207 $155 Developer Farbman

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313.658.6400 www.theloftwarehouse.com 3434 Russell St. Ste 101| Detroit, MI 48207 prepared by Jerome Huez | [email protected]

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