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Detroit New Construction & Proposed Multifamily Projects

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Detroit New Construction & Proposed Multifamily Projects Detroit New Construction & Proposed Multifamily Projects 4Q19 ID PROPERTY UNITS 1 Montclair at Partridge Creek 613 4 Redwood Macomb Phase II 90 15 Encore at Ashby Preserve 75 Total Lease Up 778 38 Jewel Island Marina Residential Development 100 Total Planned 100 79 15245 Clinton River 60 81 Lakeside Circle Senior 57 82 Lakeside Village 100 99 21 Mile Road & Hayes Road 96 100 Front Street Town Center 100 101 Redwood Washington Township MI Phase II 154 Total Prospective 567 1 mi Source: Yardi Matrix LEGEND Lease-Up Under Construction Planned Prospective Detroit New Construction & Proposed Multifamily Projects 4Q19 ID PROPERTY UNITS 108 Grand Trunk Crossing 50 2 Baltimore Station 161 109 Lee Plaza 180 110 West Grand Boulevard & 7 Woodbridge Estates Phase II 80 Woodward Avenue 80 9 Boulevard, The 232 Total Prospective 2,453 10 Corner, The 111 11 Elton Park Phase II 99 Total Lease Up 683 18 Lafayette West 314 20 Albert Kahn Building Redevelopment 211 Total Under Construction 525 31 3750 Woodward Avenue 250 33 2087 Vermont 100 52 Grand Jefferson 240 53 Brewster - Douglass Site 648 54 Brush Park Redevelopment 303 56 Midtown West 175 57 Woodward at Midtown, The 110 Total Planned 1,826 59 1920 Gratiot 231 64 Orleans Landing Phase II 230 65 Renato at Pullman Parc, The 180 68 Brewster Wheeler Recreation Center Redevelopment 150 69 Packard Plant Phase III 100 70 Wayne State University 248 72 Cass and York 133 102 East Riverfront 360 103 Eastern Market Gateway 253 105 Russell Flats, The 82 106 Sugar Hill 84 107 Van Dyke at Kercheval 92 1000 ft Source: Yardi Matrix LEGEND Lease-Up Under Construction Planned Prospective Detroit New Construction & Proposed Multifamily Projects 4Q19 ID PROPERTY UNITS 3 Midtown Pointe 186 12 Cedar Valley 86 Total Lease Up 272 19 Fountain Circle 258 22 Uptown Square 383 26 City Flats 60 Total Under Construction 701 39 Cole Drive Apartments 144 46 Crooks Road Townhomes 60 47 Zen 286 48 Woodward Avenue 50 51 Blossom Mills 137 58 Winston Commons 54 Total Planned 731 77 Little Mack Avenue 60 78 Twelve Mile Road 100 80 Warren Town Center 500 83 Riverland District 200 85 Big Beaver Road 96 86 Harrison Poolside 114 87 Troy Town Center 850 88 Maple & Woodward 50 89 North Old Woodward & Bates Street 100 95 Beacon Hill Townhomes Phase V 65 96 Legacy Rochester Hills 359 97 River Front 135 98 Rochester Hills Trio 124 Total Prospective 2,753 1 mi Source: Yardi Matrix LEGEND Lease-Up Under Construction Planned Prospective Detroit New Construction & Proposed Multifamily Projects 4Q19 ID PROPERTY UNITS 5 Redwood White Lake Phase II 50 8 Marquette, The 100 13 Park West 203 14 Encore at Deerhill Villas 92 Total Lease Up 445 34 Ann Arbor Trail 50 35 Haggerty Square 201 36 Victor Pkwy & 7 Mile 265 49 Orchard Lake Road Mixed-Use / Keego Harbor 250 50 Bond, The 253 Total Planned 1,019 75 Inn at St. Johns, The 234 76 Northville Downs 150 90 Orchard Mews 192 91 Stonecrest Senior Living 92 92 Thomas Street 115 93 Erwin Orchards 490 94 Fairways of Canfield 477 Total Prospective 1,750 2 mi Source: Yardi Matrix LEGEND Lease-Up Under Construction Planned Prospective Detroit New Construction & Proposed Multifamily Projects 4Q19 ID PROPERTY UNITS 6 City Club 288 Total Lease Up 288 16 Hudson's Site 330 17 Book Tower 95 23 Temple Street 70 24 Gabriel Houze 110 Total Under Construction 605 27 Detroit Free Press Building, The 130 28 Monroe Block 482 29 Park Avenue Building Redevelopment 78 30 Residences @ 150 Bagley 148 55 Eddystone Hotel Redevelopment 96 Total Planned 934 60 Blenheim Building Redevelopment 100 61 Fine Arts Building Redevelopment 100 62 Gateway Center Building Redevelopment 200 63 Hastings Place 60 66 American, The 163 67 Arena Lofts, The 152 74 16th & Bagley Street 60 104 Leland, The 339 111 Hubbard-Vernor 53 Total Prospective 1,227 500 ft Source: Yardi Matrix LEGEND Lease-Up Under Construction Planned Prospective Detroit New Construction & Proposed Multifamily Projects 4Q19 ID PROPERTY UNITS 21 Billings Place Mixed Use 65 25 Griffin, The 245 Total Under Construction 310 32 Michigan State Fairgrounds 200 37 Erin Park 52 40 Epic at Harrison 51 41 Ferndale Haus Phase II 50 42 Harrison Phase II, The 76 43 Hazelton, The 78 44 Iron Ridge Marketplace 75 45 Main Street Multi-Residential 68 Total Planned 650 71 Benjamin O. Davis Veterans Village 50 73 Michigan State Fairgrounds Phase II 300 84 Royal Oak Mixed - Use 92 Total Prospective 442 2000 ft 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 Clinton Township MI 48038 Lease-Up 613 Clinton Township - west 09/08/2015 01/31/2022 05/30/2016 2 Baltimore Station 6402 Woodward Avenue Detroit MI 48202 Lease-Up 161 Detroit - New Center 04/30/2017 08/31/2020 09/04/2018 3 Midtown Pointe 1712 Midtown Circle Royal Oak MI 48073 Lease-Up 186 Royal Oak/Oak Park 10/01/2018 07/31/2020 04/01/2019 4 Redwood Macomb Phase II 23241 Yarrow Avenue Macomb MI 48042 Lease-Up 90 Chesterfield/New Baltimore 11/02/2018 06/30/2020 06/03/2019 5 Redwood White Lake Phase II 103 Redwood Blvd White Lake MI 48383 Lease-Up 50 Holly/White Lake 05/13/2019 03/31/2020 10/01/2019 6 City Club 313 Park Avenue Detroit MI 48226 Lease-Up 288 Detroit - Downtown 12/01/2017 02/29/2020 06/01/2019 7 Woodbridge Estates Phase II 1200 Martin Luther King Jr Blvd Detroit MI 48201 Lease-Up 80 Detroit - Midtown 06/14/2018 02/29/2020 10/01/2018 8 Marquette, The 201 East Washington Street Milford MI 48381 Lease-Up 100 South Lyon/Milford 07/01/2018 01/31/2020 06/03/2019 9 Boulevard, The 2911 West Grand Blvd Detroit MI 48202 Lease-Up 232 Detroit - New Center 10/01/2017 01/31/2020 06/03/2019 10 Corner, The 1620 Michigan Avenue Detroit MI 48216 Lease-Up 111 Detroit - south 04/01/2017 01/31/2020 05/01/2019 11 Elton Park Phase II 2130 Trumbull Avenue Detroit MI 48216 Lease-Up 99 Detroit - south 07/24/2017 01/31/2020 04/01/2019 12 Cedar Valley 1401 South Rochester Road Rochester MI 48307 Lease-Up 86 Rochester Hills 11/01/2017 01/31/2020 04/01/2019 13 Park West 49300 Crabtree Crossing Canton MI 48187 Lease-Up 203 Canton/Plymouth 03/01/2018 01/31/2020 11/30/2018 14 Encore at Deerhill Villas 4000 Brookside Road Clarkston MI 48346 Lease-Up 92 Clarkston/Orion 06/01/2018 01/31/2020 11/01/2018 15 Encore at Ashby Preserve 25879 Ashby Drive Harrison Township MI 48045 Lease-Up 75 Harrison Township 12/01/2015 01/31/2020 06/14/2016 Total Lease-Up 2,466 16 Hudson's Site 1206 Woodward Avenue Detroit MI 48226 Under Construction 330 Detroit - Downtown 03/01/2019 06/30/2023 17 Book Tower 1265 Washington Blvd Detroit MI 48226 Under Construction 95 Detroit - Downtown 09/01/2017 01/31/2022 18 Lafayette West 1401 Rivard Street Detroit MI 48207 Under Construction 314 Detroit - Downtown 11/01/2019 11/30/2020 19 Fountain Circle Auburn Road & College Avenue Auburn Hills MI 48326 Under Construction 258 Auburn Hills 10/01/2019 10/31/2020 20 Albert Kahn Building Redevelopment 7430 2nd Avenue Detroit MI 48202 Under Construction 211 Detroit - New Center 09/01/2019 09/30/2020 21 Billings Place Mixed Use 221 North Main Street Royal Oak MI 48067 Under Construction 65 Royal Oak/Oak Park 04/01/2019 09/30/2020 22 Uptown Square 1300 Livernois Road Troy MI 48083 Under Construction 383 Troy 06/01/2019 06/30/2020 23 Temple Street 640 Temple Street Detroit MI 48201 Under Construction 70 Detroit - Midtown 09/01/2019 06/30/2020 24 Gabriel Houze 305 Michigan Avenue Detroit MI 48226 Under Construction 110 Detroit - Downtown 07/03/2017 01/31/2020 25 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 26 City Flats 1454 North Rochester Road Rochester Hills MI 48307 Under Construction 60 Rochester Hills 03/01/2019 01/31/2020 Total Under Construction 2,141 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 78 Detroit - Downtown 30 Residences @ 150 Bagley 150 Bagley Street Detroit MI 48226 Planned 148 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 31 3750 Woodward Avenue 3750 Woodward Avenue Detroit MI 48201 Planned 250 Detroit - Midtown 32 Michigan State Fairgrounds West State Fair Avenue & Woodward Avenue Detroit MI 48203 Planned 200 Detroit - north 33 2087 Vermont 2087 Vermont Street Detroit MI 48216 Planned 100 Detroit - south 34 Ann Arbor Trail 166 East Ann Arbor Trail Plymouth MI 48170 Planned 50 Canton/Plymouth 35 Haggerty Square 19700 Haggerty Road Northville MI 48167 Planned 201 Livonia/Redford 36 Victor Pkwy & 7 Mile 7 Mile & Victor Pkwy Livonia MI 48152 Planned 265 Livonia/Redford 37 Erin Park 23111 Dale Avenue Eastpointe MI 48021 Planned 52 Roseville 38 Jewel Island Marina Residential Development 41680 Conger Bay Drive Harrison Township MI 48045 Planned 100 Harrison Township 39 Cole Drive Apartments 8525 Cole Drive Warren MI 48093 Planned 144 Warren 40 Epic at Harrison East Harrison Avenue & Knowles Street Royal Oak MI 48067 Planned 51 Royal Oak/Oak Park 41 Ferndale Haus Phase II 475 Withington Street Ferndale MI 48220 Planned 50 Royal Oak/Oak Park 42 Harrison Phase II, The
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