It took longer than expected, but a new-build luxury condo development that was originally hoped to be finished by fall 2018 has just completed construction. The first owners are set to move in this week.
Built on Mack Avenue just east of John R Street on the edge of Brush Park, the nine-unit James Place Lofts has two kinds of floor plans. The six townhomes are 1,300 square and cost $495,900; the three ranch walkouts are 1,100 square feet and cost $399,990. They’re priced around $380 and $360 per square foot, respectively.
The Krieger Klatt Architects–designed condos come with two bedrooms, 10-foot high ceilings, a private balcony or patio, oak floors, quartz countertops, “smart” home features, an attached garage, and more. There’s also a community rooftop space.
Owners are eligible for a Neighborhood Enterprise Zone tax abatement that’s good for the next 15 years.
Three townhomes and one walkout are still on the market. They’re listed through Alexander Real Estate Detroit. The project has a “silent” primary investor who declined to say how much the development cost.
James Place Lofts is across the street from the Whole Foods Market and nearby the under-construction City Modern development that’s set to bring hundreds of units of housing to the historic neighborhood just north of downtown.