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Old Posted May 17, 2022, 11:47 PM
DetroitMan DetroitMan is offline
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Join Date: Jul 2001
Location: Back home in Georgia!
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The Lafayette West development officially broke ground today....
Construction finally begins on large Detroit upscale housing development



Quote:
The $133 million Lafayette West, 1401 Rivard St. near I-375, will consist of six five-story buildings with a mix of 230 rental apartments and 88 for-purchase condos. It is scheduled to open in spring 2023.

A full 20% of the apartments will be set aside at below-market rents for income-qualified residents, a requirement for the project's use of development incentives.

The market-rate rents have yet to be announced, although asking prices for the condos will start at $234,000 for a small one-bedroom, $399,000 for a large one-bedroom and $595,000 for a two-bedroom unit, according to the development's website.
https://www.freep.com/story/money/bu...nt/9804790002/
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