Willys Overland Loft 506 Construction Update 01.26.11

Construction continues for the third week on unit 506 at the Willys Overland Lofts. Loft 506 is a penthouse unit with views of the downtown skyline and a large terrace.

Stay tuned for future updates throughout the construction process.

Loft 506 – view from second floor

Loft 506 – first floor

Loft 506 – first floor

City Living Detroit is a client-centered, full-service, boutique real estate sales and marketing firm that specializes in urban living, including lofts, condos, historic homes and apartments. The firm is based in Detroit’s historic Midtown near Wayne State University. To view all available listings visit CityLivingDetroit.com. To make an appointment call 313-242-7800 or email austin@citylivingdetroit.com.

Wayne State University video about Midtown, Detroit

Check out this awesome video produced by Wayne State University about Midtown, Detroit.

$1.2 million program launched to grow Midtown population

By Sherri Begin | Crain’s Detroit Business

Centurion Place - Qualifying Live Midtown Development

Midtown Detroit’s three anchor employers, the state and a Detroit-based foundation are funding $1.2 million in incentives to encourage employees of the three anchor employers to live in the area.

The Detroit Medical Center, Henry Ford Health System and Wayne State University announced today the “Live Midtown” incentive program for their nearly 30,000 collective employees. The program is designed to entice those living there to stay and those not living in Midtown to move there.

The Michigan State Housing Development Authority and the Hudson-Webber Foundation are matching the anchor employers’ first-year investment, bringing the total to $1.2 million for this year.

In a release, the organizations said the Troy-based Kresge Foundation also plans to provide some investment for the pilot project, with the anchor employers continuing funding in subsequent years.

 

Willys Overland Lofts - Qualifying Live Midtown Development

The University Cultural Center Association will administer the housing incentive program for the three employers.

As rolled out, the incentives include:

• A $2,500 allowance for new renters, to go toward the cost of their apartment in the first year, followed by $1,000 for the second year.

• A $1,000 allowance for existing renters who are renewing a lease in 2011.

• A $20,000 forgivable loan toward the purchase of a primary residence, if taken at one time, or $25,000 at the rate of $5,000 per year if taken over five years.

• $5,000 in exterior home-improvement matching funds to existing home owners for projects costing $10,000 or more.

To qualify for the incentives, housing units must be within the New Center, Midtown, Virginia Park or Woodbridge neighborhoods.

The program is open only to employees of the three anchor companies.

For more information, visit www.livemidtown.org.

Construction begins on loft 506 at Willys Overland

City Living Detroit is excited to announce the pending sale and construction of one of the penthouse units at the Willys Overland Lofts in Midtown, Detroit. Austin Black II is representing the buyer on this purchase. This will be the second penthouse unit Austin has sold at the Willys Overland Lofts.

We will be posting pictures of progress throughout the construction process.

Loft 506 – first floor

Loft 506 – first and second floor

Loft 506 – terrace

Loft 506 – view from terrace

 

Loft 506 – view from second floor

 

Loft 506 – second floor owner’s suite

 

Loft 506 – view from owner’s suite

City Living Detroit is a client-centered, full-service, boutique real estate sales and marketing firm that specializes in urban living, including lofts, condos, historic homes and apartments. The firm is based in Detroit’s historic Midtown near Wayne State University. To view all available listings visit CityLivingDetroit.com. To make an appointment call 313-242-7800 or email austin@citylivingdetroit.com.

Brush Park: An emerging neighborhood in Detroit

When Brush Park was first settled in the mid to late 1800s it became a neighborhood for people wanting to move away from the congestion of what is now downtown Detroit. The neighborhood quickly became home to an elite class with the likes of Albert Kahn, J.L. Hudson and David Whitney. As new neighborhoods like Indian Village and Boston Edison were developed, Brush Park began to decline.

By the 1990s, many of the stately mansions in Brush Park were either in severe disrepair or torn down. The city of Detroit recognizing that Brush Park was key in revitalizing the downtown area began reinvesting in the infrastructure to prepare for new condominiums and restored mansions.

The revitalization of Brush Park got off to a great start with hundreds of new or restored homes. The economic downturn in 2006 and the subsequent housing collapse of 2008 and the tight credit markets of 2009 halted progress.

Despite the economic downturn, several developers are still committed to the developing Brush Park into a premier neighborhood.

Some of the developers have asked me to assist them in finding out what perspective Brush Park residents are looking for in new and restored homes. To help them with this effort, I have designed a survey that will shape future development in Brush Park.

Stay tuned this week for the Brush Park Development Survey.