Plans unveiled to rehab long-empty apartment building near Detroit's Boston Edison
Plans unveiled to rehab long-empty apartment building near Detroit's Boston Edison
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Developers David Alade and Andrew Colom of Detroit-based Century Partners are planning a $9 million redevelopment of the four-story Clairwood Apartments, 100 Clairmount Ave., which has sat empty since 2005, despite multiple changes of ownership during that time.They intend to renovate and reopen the building with 42 apartments, all reserved at below-market rents for individuals and families making between 50% to 80% of area median income, which is currently $33,150 to $53,050 a year for one person or $47,350 to $75,750 for a family of four.
To achieve those affordable rents, the developers are seeking a Brownfield tax-capture valued at $472,750 over 19 years, and also plan to use a Neighborhood Enterprise Zone tax abatement. Alade gave a presentation of their plans Monday during a public hearing for the Detroit Brownfield Redevelopment Authority. The meeting was held across from Clairwood Apartments in a meeting room in the new Ruth Ellis Center apartments for LGBTQ youth. The Brownfield proposal is still subject to several local and state-level approvals, including from Detroit City Council.
If and when all of those approvals come through, Alade said, they could start renovation work in November and possibly be ready to welcome the first new residents in late 2024.
The majority of the building's 42 units will be one-bedroom apartments, although there will be some studios, two-bedrooms and three three-bedroom apartments.
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