If anyone needs proof that demand for downtown living is still on the rise in Ann Arbor, the announcement of Huron Contracting's third Kerrytown condo project in various stages of development should suffice. As his
North Main condos near completion and the
Kingsley Lane project should break ground in a few weeks, a new, 25-unit condo project has been proposed for N. First St.
"We're excited," says Tom Fitzsimmons of Huron Contracting. "As long we we can continue to find land in or near Kerrytown and the demand remains strong we'll continue to develop. "
And people seem willing to continue to buy. The North Main development is sold out, and the Kingsley St. project is about 75 percent sold before groundbreaking. Similar to the previous projects, the new N. First development will include on-site parking and a mix of unique, one- to three-bedroom units ranging from 900 to 2,000 square feet each.
"You're going to be two blocks from Kerrytown, and two to three blocks from downtown," says Fitzsimmons. "With parking on site, it's going to be a fantastic spot."
Though prices for the new units have not yet been set, Fitzsimmons says his current near-downtown condos are selling for approximately $375 to $400 per square foot. Though the new plan is in the proposal stage, should all go well, Fitzsimmons hopes to break ground in late summer of next year and complete construction in 2016.
Source: Tom Fitzsimmons, Huron Contracting
Writer: Natalie Burg
Enjoy this story?
Sign up for free solutions-based reporting in your inbox each week.