The renovation of the St. Charles school into luxury condos officially broke ground May 1 on Townsend Street in Islandview. Leaders involved with the project touted that it will bring density and opportunity to the neighborhood and act as a catalyst for further redevelopment.
The St. Charles School will be converted into 25 condos, with additional penthouses built on top. Next door, an adjacent building will be constructed with 8-10 more units. The units will range from 894-1,640 square feet in size. The residences will have an open concept design, with high ceilings, big windows, and master suites. The development will have outdoor space for the residents, plus a gym and secure parking.
Banyan Investments is the development team for the project and the total investment is coming in at just under $10 million. Banyan also redeveloped West Village Manor and the bank building on Kercheval.
The architects on the project are FX Architecture LLC and Gensler. The Loft Warehouse is the broker on the project.
Invest Detroit, who is also involved in the Coe Development, is one of the main investors.
The Islandview neighborhood has been active this year in terms of real estate. Along with many home listings and sales, news of redevelopment near Belle Isle is starting to take shape. We should also see more commercial activity along Kercheval in West Village. Mayor Mike Duggan cited the bank building at Kercheval and Van Dyke as a catalyst for more businesses in that corridor.
The development is expected to be finished in May of 2018.