half a million dollar condos coming to new center

[hybridy]

Cass & York to bring high-end condos to New Center

“Cass & York will have that quality that we haven’t seen in condos. The development will be six stories with 53 units, a “manageable amount of residences to test the market,” says Cummings. The units will average about 1,422 square feet, with prices starting at $430 per square foot—higher than current prices in Midtown.”

more here

[hybridy]

the designer has several Detroit projects with renders I had not seen previously

http://www.v1-studio.com/

[southen]

the designer has several Detroit projects with renders I had not seen previously

http://www.v1-studio.com/

Fantastic find! The Orchestra Hall project on their site looks fantastic. I would love to see that come to fruition.

[emu steve]

BTW, is the site what is known as 'parking lot 11'? WSU owned it????

[hybridy]

BTW, is the site what is known as 'parking lot 11'? WSU owned it????

yes, here is the original article from sale
https://wayne.edu/newsroom/release/2...-building-5998

[emu steve]

yes, here is the original article from sale
https://wayne.edu/newsroom/release/2...-building-5998

Would be nice if something happened on 'parking lot 15' also...

[emu steve]

yes, here is the original article from sale
https://wayne.edu/newsroom/release/2...-building-5998

It would be nice if WSU could sell off some of those parking lots, if they don't need them. I'm really thinking of parking lot #15.

It seems there might be a market for nice develop-able land in that area between Cass and Woodward.

Good development energy in the area with the Pistons, this development, and other development in the area.

[SammyS]

$300/sqft for new high end construction is so first quarter 2017

[DetroiterOnTheWestCoast]

I like the mix of glazed and regular white brick.

[Jason]

This will be the best designed recent residential building, not necessarily because of anything that it does, but because of what it doesn't do.

It doesn't have a mismatch of materials, a bunch of extrusions, a hat, etc etc. Ironically all of those things cost extra money but make the building worse.

For comparison, below is a rendering of the building The Platform is building on West Grand Boulevard. You can see how it would have benefited from some basic restraint.

[bust]

This will be the best designed recent residential building, not necessarily because of anything that it does, but because of what it doesn't do.

It doesn't have a mismatch of materials, a bunch of extrusions, a hat, etc etc. Ironically all of those things cost extra money but make the building worse.

For comparison, below is a rendering of the building The Platform is building on West Grand Boulevard. You can see how it would have benefited from some basic restraint.

I totally agree!

[SammyS]

This will be the best designed recent residential building, not necessarily because of anything that it does, but because of what it doesn't do.

It doesn't have a mismatch of materials, a bunch of extrusions, a hat, etc etc. Ironically all of those things cost extra money but make the building worse.

For comparison, below is a rendering of the building The Platform is building on West Grand Boulevard. You can see how it would have benefited from some basic restraint.

Agreed and please, no more Orleans Landing rubbish

[JonWylie]

Agreed and please, no more Orleans Landing rubbish

What’s your big gripe with Orleans?

[DeLemur]

I like the exterior design. Lobby looks like a hotel. 611,000 for 1400 sq/ft is rather steep. I'd be surprised if people purchase at that price. That's a price for Detroit 2024.

[SammyS]

What’s your big gripe with Orleans?

Looked outdated the minute they layed the last brick

[JonWylie]

Looked outdated the minute they layed the last brick

I think they look pretty standard, nothing really out of the ordinary or bad, but I guess different tastes

[K-slice]

I think they look pretty standard, nothing really out of the ordinary or bad, but I guess different tastes

I agree. When they began construction of O.L. it really looked like they may be doing it on the cleap with bulk buys of materials that would be repeated all around the development. Seeing it finished though, I think they did a great job of making the place look authentic and fit in with the existing structures.

[Jason]

I agree. When they began construction of O.L. it really looked like they may be doing it on the cleap with bulk buys of materials that would be repeated all around the development. Seeing it finished though, I think they did a great job of making the place look authentic and fit in with the existing structures.

It's surrounded by prewar factory buildings to the sides and midcentury redevelopments to the north. It's built in the style of suburban chain retail.

[Hypestyles]

best of luck hopefully they'll find the tenants who like this. I hope updated apartments/condos can come to other parts of the city beyond downtown/midtown.

[Chicago48]

best of luck hopefully they'll find the tenants who like this. I hope updated apartments/condos can come to other parts of the city beyond downtown/midtown.

It won't. Bet on it.

[bust]

best of luck hopefully they'll find the tenants who like this. I hope updated apartments/condos can come to other parts of the city beyond downtown/midtown.

It won't. Bet on it.

There haven't been many but a more than one have already been finished in the West Village. The Platform is planning more for Islandview and Brightmoor, besides New Center. Lots of renovations are coming to Fitzgerald. Phase 3 of the Packard Plant renovations will include live-work spaces. Phase 1 broke ground last spring.

Maybe there's hope after all.

First look inside the Coe in West Village
https://detroit.curbed.com/2017/10/2...village-photos

What $1500 Gets you in Detroit: West Village Loft Inside Converted Bank
https://detroit.curbed.com/2015/11/2...you-in-detroit

A neighborhood perspective: How The Platform is thinking differently about Detroit development
http://www.modeldmedia.com/features/...rm-061917.aspx

Fitzgerald revitalization to include 115 rehabbed homes, new park, green space
https://detroit.curbed.com/2017/4/5/...plan-announced

4 future phases of Packard Plant's redevelopment
https://www.freep.com/story/money/bu...roit/88317982/

Packard Plant rehab project breaks ground
https://www.freep.com/story/news/loc...ect/325196001/

[emu steve]

best of luck hopefully they'll find the tenants who like this. I hope updated apartments/condos can come to other parts of the city beyond downtown/midtown.

Replying to Chicago48's reply:

I think he is probably right. The biggest factor is the increasing desirability of the neighborhood.

If one is going to build a 6 bedoom 4 bath house they will probably do it is the best neighborhoods. Ditto with apartment / condos.

The neighborhood dictates to a large degree what someone will pay for housing.

In D.C. a Georgetown row house with probably less space, less bathrooms, etc. than my town home probably sells for say 5x what my town home sells.

My land is valued at say $125K. Go to McLean, Va and it doubles or triples.

In Georgetown similar land would be say 1M+.

Certain neightborhoods, e.g., Midtown, New Center, Georgetown, etc. have unique characteristics which might cause the value of residential housing in those areas to be inflated.

And we aren't talking the 'burbs where some of the price of housing is dictated by the pure size of the house [[many are uge, as Bernie would say).

[Wesley Mouch]

The neighborhood dictates to a large degree what someone will pay for housing.

No, the buyer dictates what they will pay. The asking price is simply the owner's request.

...snip...Certain neightborhoods, e.g., Midtown, New Center, Georgetown, etc. have unique characteristics which might cause the value of residential housing in those areas to be inflated.
...

To inflate is an action verb. It suggests that someone is taking the action of inflating. They are not. They are selling. And someone else is buying. Its a voluntary exchange of apartment for money.

Yes, some neighborhoods do have 'unique characteristics' that make buyers agree to pay more.

But in the end, all that matters is that new housing is being built. These buyers won't be moving into older buildings, will they? Those buildings will become more affordable, since some buyers will have bought these units. And so on and so forth all the way through the market. These new condos aid affordability. And that's the holy grail these days I hear, affordable housing.

[SammyS]

..... I hope updated apartments/condos can come to other parts of the city beyond downtown/midtown.

The free market will and should decide that. The consequence of Detroits decades long decline is that we have cheap land and lots of it. As the inner regions like DT and Midtown mature, florist and outgrow themselves, developer will naturally look at neighboring areas for their next projects.

[Bham1982]

The free market will and should decide that. T

What "free market"? The housing/land markets are massively manipulated by all kinds of interventions, particularly in downtown/midtown Detroit.

There is no "invisible hand" of the free market in Detroit [[or really anywhere) and hasn't been since the Great Depression, at least.

That said, if buyers are willing to pony up 500k for New Center condos, that's a very promising sign.