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Old Posted May 25, 2014, 11:09 PM
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30 condos listed for sale at new downtown Ann Arbor development
By Lizzy Alfs. May 25, 2014.

The development team behind the Montgomery House project on Ann Arbor’s South Fourth Avenue is now marketing the building’s 30 units for sale.

Instead of half apartments and half condominiums as originally planned, the addition to the building at 210-216 S. Fourth Ave. will contain all condos.

“The market is very, very hot for condos right now; there’s just no supply,” said David Ebner, who owns the building with Joe Barbat of Barbat Holdings LLC. “We also felt it was a good opportunity for us to reduce some risk and exposure…by selling condos we’ll be able to reduce the loan on the project.”

Barbat Holdings purchased the building, the former Montgomery Ward’s department store, in May 2013.

Ann Arbor City Council approved plans in January for a 21,000-square-foot, 3.5-story addition above the existing 17,270-square-foot, two-story building located just north of East Liberty Street.

Montgomery House will include four studio units, 10 one-bedroom units, 14 two-bedroom units and two three-bedroom units. Units will range in size from 450 square feet for the smallest studio to 1,600 square feet for one of the largest units.

The price point of the condos: $179,000 for a studio on the second-floor to the high $600,000s for a penthouse unit.

Current building.

Planned renovations and addition.

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