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Old Posted Mar 9, 2018, 2:40 PM
deja vu's Avatar
deja vu deja vu is offline
somewhere in-between
 
Join Date: Dec 2008
Location: The Zoo, Michigan
Posts: 3,530
Quote:
Originally Posted by deja vu View Post
^ It looks like 9 detached homes and 3 commercial structures would be demolished for this. The design is unremarkable, but it does achieve some positive things like some ground-floor retail on the east side and a fairly well-concealed parking ramp. There will be a partial zoning change involved for the west half of the site from R4C to C2B. I bet this will go through though.
Regarding the Redico apartment proposal, Crain's has an article studying how this developer is making a move into more purely-housing oriented development, over large mixed-use projects, which has been the company's M.O. to-date. It cites two main reasons for this change - (a) apartment construction is quicker and easier, with less hurdles, and (b) more caution in a market that can be unpredictable. I guess you could easily add reason (c) - that the demand for apartment housing in places like this is presently very high.

Quote:
Developer Redico jumps into apartment sector in Ann Arbor
Kirk Pinho | Crain's Detroit Business
March 4, 2018

Redico LLC is branching out into apartment development, first with a $26 million project north of Michigan Stadium in Ann Arbor. The Southfield-based developer has been best known in recent years for large mixed-use developments like the Gateway Marketplace project in Detroit, which brought the city its first Meijer Inc. store, and the Village at Bloomfield, the former Bloomfield Park site in Bloomfield Township and Pontiac. Now the company is scaling back its pursuit of new, sweeping developments like those with multiple components and instead turning its eye to a bread-and-butter real estate asset class: Apartments...
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