d n construc pr mtif projects 220€¦ · d n construc pr mtif projects 220 5 mi. source: yardi...
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Detroit New Construction & Proposed Multifamily Projects 2Q20
Source: Yardi Matrix5 mi
17
25
23
35
38
39
41
52
53
54
51
5755
56
63
79
80
94
95
99
96
97
98
103
81
101
82
100
8685
102
13
54
6
8
111
Lease-Up Under Construction Planned ProspectiveLEGEND
ID PROPERTY UNITS
1 Montclair at Partridge Creek 613
3 24 at Bloomfield 430
4 Redwood White Lake Phase II 50
5 Redwood Macomb Phase II 90
6 The Marquette 100
8 Encore at Deerhill Villas 92
Total Lease Up 1,375
17 Fountain Circle 258
23 City Flats 60
25 Gardenview Estates Phase IV 50
Total Under Construction 368
35 Cabot Residential 65
38 Haggerty Square 201
39 Victor Pkwy & 7 Mile 265
41 Jewel Island Marina Residential Development 100
51 Orchard Lake Road Mixed - Use / Keego Harbor 250
52 The Bond 253
53 Lyon Crossing 340
54 Pontiac Trail Independent Senior Housing 130
55 Glenwood Senior 106
56 Blossom Mills 137
57 Legacy Rochester Hills 359
63 Winston Commons 54
Total Planned 2,260
79 Ann Arbor Trail 57
80 Hillside Residences 88
81 Little Mack Avenue 60
82 Clinton Place Redevelopment 283
85 Lakeside Circle Senior 57
86 Lakeside Village 100
94 Novaplex 270
95 Orchard Mews 192
96 Beacon Hill Townhomes Phase V 65
97 Cedar Valley Phase II 56
98 River Front 135
99 Rochester Hills Trio 124
100 21 Mile Road & Hayes Road 96
101 Front Street Town Center 100
102 Redwood Washington Township Phase II 154
103 Sashabaw Market Place 280
111 Hubbard-Vernor 53
Total Prospective 2,170
Detroit New Construction & Proposed Multifamily Projects 2Q20
Source: Yardi Matrix1000 ft
7
11
9
21
24 14
15
1213
61
33
625960
32
27 28
30
29
31
2637
64
107
105
68
106
67
78
77
69
70
71
74
75
72
6566
104
Lease-Up Under Construction Planned ProspectiveLEGEND
ID PROPERTY UNITS
7 City Club 288
9 Elton Park Corktown Phase II 99
11 Woodbridge Estates Phase II 80
Total Lease Up 467
12 Hudson's Site 330
13 Book Tower 95
14 Eddystone Hotel Redevelopment 96
15 Lafayette West 314
21 The Flats at 440 Alfred 69
24 Temple Street 70
Total Under Construction 974
26 The Detroit Free Press Building 130
27 Monroe Block 482
28 Orleans Landing Phase II 230
29 Park Avenue Building Redevelopment 78
30 The Renato at Pullman Parc 180
31 Residences @ 150 Bagley 148
32 The Mariners Inn 84
33 The Mid 250
37 2087 Vermont 100
59 Brewster - Douglass Site 648
60 Midtown West 175
61 Sugar Hill 68
62 The Woodward at Midtown 110
Total Planned 2,683
64 1920 Gratiot 231
65 Blenheim Building Redevelopment 100
66 Fine Arts Building Redevelopment 100
67 Gateway Center Building Redevelopment 200
68 Hastings Place 60
69 The American 163
70 The Arena Lofts 152
71 Brewster Wheeler Recreation Center Redevelopment 150
72 North Corktown Housing 250
74 Wayne State University 248
75 West Canfield Street & Rosa Park Blvd 100
77 16th & Bagley Street 60
78 Left Field Housing 120
104 East Riverfront 360
105 The Hive on Russell 71
106 The Leland 340
107 The Russell Flats 82
Total Prospective 2,787
Detroit New Construction & Proposed Multifamily Projects 2Q20
Source: Yardi Matrix1 mi
19
20
22
76
10
3436
40
42
43
45
44
46
47
48
49
50
83
84
87
88
89
90
91
9293
Lease-Up Under Construction Planned ProspectiveLEGEND
ID PROPERTY UNITS
10 Midtown Pointe 186
Total Lease Up 186
19 Billings Place Mixed Use 65
20 The Griffin 245
22 Uptown Square 383
Total Under Construction 693
34 Benjamin O. Davis Veterans Village 50
36 Michigan State Fairgrounds 200
40 Erin Park 52
42 Cole Drive Apartments 144
43 Epic at Harrison 51
44 Ferndale Haus Phase II 50
45 The Harrison Phase II 76
46 The Hazelton 78
47 Main Street 68
48 Crooks Road Townhomes 60
49 Zen 286
50 Woodward Avenue 50
Total Planned 1,165
76 Michigan State Fairgrounds Phase II 300
83 15245 Clinton River 60
84 Warren Town Center 500
87 Riverland District 200
88 Royal Oak Mixed - Use 92
89 Big Beaver Road 96
90 Harrison Poolside 114
91 Troy Town Center 850
92 Maple & Woodward 50
93 North Old Woodward & Bates Street 100
Total Prospective 2,362
Detroit New Construction & Proposed Multifamily Projects 2Q20
Source: Yardi Matrix2000 ft
16
58
18
73
108
109
110 2
Lease-Up Under Construction Planned ProspectiveLEGEND
ID PROPERTY UNITS
2 Baltimore Station 161
Total Lease Up 161
16 Parker Durand 92
18 Albert Kahn Building Redevelopment 211
Total Under Construction 303
58 Grand Jefferson 240
Total Planned 240
73 Packard Plant Phase III 100
108 Grand Trunk Crossing 50
109 Lee Plaza 180
110 West Grand Boulevard & Woodward Avenue 80
Total Prospective 410
Detroit New Construction & Proposed Multifamily Projects
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ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET PERMITDATE
FORECASTED COMPLETION DATE
START OFRENT-UP
1 Montclair at Partridge Creek 17721 Montage Clinton Township MI 48038 Lease-Up 613 Clinton Township - West 09/08/2015 04/30/2022 05/30/2016
2 Baltimore Station 6402 Woodward Avenue Detroit MI 48202 Lease-Up 161 Detroit - New Center 04/30/2017 04/30/2021 09/04/2018
3 24 at Bloomfield 2083 South Telegraph Road Pontiac MI 48341 Lease-Up 430 Bloomfield Hills / Birmingham
03/01/2019 09/30/2020 02/01/2020
4 Redwood White Lake Phase II 130 Abbey Road White Lake MI 48383 Lease-Up 50 Holly / White Lake 05/13/2019 09/30/2020 10/01/2019
5 Redwood Macomb Phase II 23241 Yarrow Avenue Macomb MI 48042 Lease-Up 90 Chesterfield / New Baltimore 11/02/2018 09/30/2020 06/03/2019
6 The Marquette 201 East Washington Street Milford MI 48381 Lease-Up 100 South Lyon / Milford 07/01/2018 08/31/2020 06/03/2019
7 City Club 313 Park Avenue Detroit MI 48226 Lease-Up 288 Detroit - Downtown 12/01/2017 08/31/2020 06/01/2019
8 Encore at Deerhill Villas 4000 Brookside Road Clarkston MI 48346 Lease-Up 92 Clarkston / Orion 06/01/2018 08/31/2020 11/01/2018
9 Elton Park Corktown Phase II 2130 Trumbull Avenue Detroit MI 48216 Lease-Up 99 Detroit - South 07/24/2017 07/31/2020 04/01/2019
10 Midtown Pointe 1712 Midtown Circle Royal Oak MI 48073 Lease-Up 186 Royal Oak / Oak Park 10/01/2018 07/31/2020 04/01/2019
11 Woodbridge Estates Phase II 1200 Martin Luther King Jr. Blvd Detroit MI 48201 Lease-Up 80 Detroit - Midtown 06/14/2018 07/31/2020 10/01/2018
Total Lease-Up 2,18912 Hudson's Site 1206 Woodward Avenue Detroit MI 48226 Under Construction 330 Detroit - Downtown 03/01/2019 06/30/2023
13 Book Tower 1265 Washington Blvd Detroit MI 48226 Under Construction 95 Detroit - Downtown 09/01/2017 01/31/2022
14 Eddystone Hotel Redevelopment 110 Sproat Street Detroit MI 48201 Under Construction 96 Detroit - Midtown 02/01/2020 09/30/2021
15 Lafayette West 1401 Rivard Street Detroit MI 48207 Under Construction 314 Detroit - Downtown 11/01/2019 01/31/2021
16 Parker Durand 8003 Kercheval Avenue Detroit MI 48214 Under Construction 92 Detroit - East 02/01/2020 12/31/2020
17 Fountain Circle Auburn Road & College Avenue Auburn Hills MI 48326 Under Construction 258 Auburn Hills 10/01/2019 10/31/2020
18 Albert Kahn Building Redevelopment 7430 2nd Avenue Detroit MI 48202 Under Construction 211 Detroit - New Center 09/01/2019 09/30/2020
19 Billings Place Mixed Use 221 North Main Street Royal Oak MI 48067 Under Construction 65 Royal Oak / Oak Park 04/01/2019 09/30/2020
20 The Griffin West 10 Mile Road & South Main Street Royal Oak MI 48067 Under Construction 245 Royal Oak / Oak Park 09/10/2018 09/30/2020
21 The Flats at 440 Alfred 440 Alfred Street Detroit MI 48201 Under Construction 69 Detroit - Midtown 12/01/2017 08/31/2020
22 Uptown Square 1300 Livernois Road Troy MI 48083 Under Construction 383 Troy 06/01/2019 08/31/2020
23 City Flats 1454 North Rochester Road Rochester Hills MI 48307 Under Construction 60 Rochester Hills 03/01/2019 08/31/2020
24 Temple Street 640 Temple Street Detroit MI 48201 Under Construction 70 Detroit - Midtown 09/01/2019 08/31/2020
25 Gardenview Estates Phase IV 16461 Van Buren Avenue Detroit MI 48228 Under Construction 50 Detroit - West 09/22/2014 07/31/2020
Total Under Construction 2,33826 The Detroit Free Press Building 321 West Lafayette Blvd Detroit MI 48226 Planned 130 Detroit - Downtown
27 Monroe Block 118 Monroe Avenue Detroit MI 48226 Planned 482 Detroit - Downtown
28 Orleans Landing Phase II Atwater Street & Orleans Street Detroit MI 48207 Planned 230 Detroit - Downtown
29 Park Avenue Building Redevelopment 2001 Park Avenue Detroit MI 48226 Planned 78 Detroit - Downtown
30 The Renato at Pullman Parc 1100 St Aubin Street Detroit MI 48207 Planned 180 Detroit - Downtown
31 Residences @ 150 Bagley 150 Bagley Street Detroit MI 48226 Planned 148 Detroit - Downtown
Detroit New Construction & Proposed Multifamily Projects
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ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET PERMITDATE
FORECASTED COMPLETION DATE
START OFRENT-UP
32 The Mariners Inn 445 Ledyard Street Detroit MI 48201 Planned 84 Detroit - Midtown
33 The Mid 3750 Woodward Avenue Detroit MI 48201 Planned 250 Detroit - Midtown
34 Benjamin O. Davis Veterans Village 4777 Outer Drive East Detroit MI 48234 Planned 50 Detroit - Northeast
35 Cabot Residential 13726 Dexter Avenue Detroit MI 48238 Planned 65 Detroit - New Center
36 Michigan State Fairgrounds West State Fair Avenue & Woodward Avenue Detroit MI 48203 Planned 200 Detroit - North
37 2087 Vermont 2087 Vermont Street Detroit MI 48216 Planned 100 Detroit - South
38 Haggerty Square 19700 Haggerty Road Northville MI 48167 Planned 201 Livonia / Redford
39 Victor Pkwy & 7 Mile 7 Mile & Victor Pkwy Livonia MI 48152 Planned 265 Livonia / Redford
40 Erin Park 23111 Dale Avenue Eastpointe MI 48021 Planned 52 Roseville
41 Jewel Island Marina Residential Development 41680 Conger Bay Drive Harrison Township MI 48045 Planned 100 Harrison Township
42 Cole Drive Apartments 8525 Cole Drive Warren MI 48093 Planned 144 Warren
43 Epic at Harrison East Harrison Avenue & Knowles Street Royal Oak MI 48067 Planned 51 Royal Oak / Oak Park
44 Ferndale Haus Phase II 475 Withington Street Ferndale MI 48220 Planned 50 Royal Oak / Oak Park
45 The Harrison Phase II 1210 Morse Avenue Royal Oak MI 48067 Planned 76 Royal Oak / Oak Park
46 The Hazelton 222 East 6th Street Royal Oak MI 48067 Planned 78 Royal Oak / Oak Park
47 Main Street 1005 North Main Street Royal Oak MI 48067 Planned 68 Royal Oak / Oak Park
48 Crooks Road Townhomes West Wattles Road & Crooks Road Troy Troy MI 48098 Planned 60 Troy
49 Zen 888 West Big Beaver Road Troy MI 48084 Planned 286 Troy
50 Woodward Avenue 34965 Woodward Avenue Birmingham MI 48009 Planned 50 Bloomfield Hills / Birmingham
51 Orchard Lake Road Mixed - Use / Keego Harbor 3170 Orchard Lake Road Keego Harbor MI 48320 Planned 250 Farmington Hills /
West Bloomfield
52 The Bond Flint Street & Grand River Avenue Novi MI 48375 Planned 253 Novi
53 Lyon Crossing Lyon Center Drive & Milford Road New Hudson MI 48165 Planned 340 South Lyon / Milford
54 Pontiac Trail Independent Senior Housing 20905 Pontiac Trail South Lyon MI 48178 Planned 130 South Lyon / Milford
55 Glenwood Senior 191 North Glenwood Avenue Pontiac MI 48342 Planned 106 Pontiac
56 Blossom Mills 333 East 2nd Street Rochester MI 48307 Planned 137 Rochester Hills
57 Legacy Rochester Hills South Adams Road & West Hamlin Road Rochester Hills MI 48309 Planned 359 Rochester Hills
58 Grand Jefferson 7045 East Jefferson Avenue Detroit MI 48207 Planned 240 Detroit - Downtown
59 Brewster - Douglass Site 2700 St. Antoine Street Detroit MI 48201 Planned 648 Detroit - Midtown
60 Midtown West 901 Selden Street Detroit MI 48201 Planned 175 Detroit - Midtown
61 Sugar Hill Garfield Street & John R Street Detroit MI 48201 Planned 68 Detroit - Midtown
62 The Woodward at Midtown 3439 Woodward Avenue Detroit MI 48201 Planned 110 Detroit - Midtown
63 Winston Commons 69 Douglas Street Pontiac MI 48342 Planned 54 Pontiac
Total Planned 6,348
Detroit New Construction & Proposed Multifamily Projects
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ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET PERMITDATE
FORECASTED COMPLETION DATE
START OFRENT-UP
64 1920 Gratiot 1920 Gratiot Avenue Detroit MI 48207 Prospective 231 Detroit - Downtown
65 Blenheim Building Redevelopment 2218 Park Avenue Detroit MI 48201 Prospective 100 Detroit - Downtown
66 Fine Arts Building Redevelopment 48 West Adams Avenue Detroit MI 48226 Prospective 100 Detroit - Downtown
67 Gateway Center Building Redevelopment 1101 Washington Blvd Detroit MI 48226 Prospective 200 Detroit - Downtown
68 Hastings Place 1468 Randolph Street Detroit MI 48226 Prospective 60 Detroit - Downtown
69 The American 408 Temple Street Detroit MI 48201 Prospective 163 Detroit - Midtown
70 The Arena Lofts 120 Henry Street Detroit MI 48201 Prospective 152 Detroit - Midtown
71 Brewster Wheeler Recreation Center Redevelopment 2900 St. Antoine Street Detroit MI 48201 Prospective 150 Detroit - Midtown
72 North Corktown Housing Martin Luther King Jr. Blvd & Rosa Parks Blvd Detroit MI 48208 Prospective 250 Detroit - Midtown
73 Packard Plant Phase III 1580 East Grand Blvd Detroit MI 48211 Prospective 100 Detroit - Midtown
74 Wayne State University West Canfield Street & Cass Avenue Detroit MI 48201 Prospective 248 Detroit - Midtown
75 West Canfield Street & Rosa Park Blvd West Canfield Street & Rosa Park Blvd Detroit MI 48208 Prospective 100 Detroit - Midtown
76 Michigan State Fairgrounds Phase II West State Fair Avenue & Woodward Avenue Detroit MI 48203 Prospective 300 Detroit - North
77 16th & Bagley Street 2420 Bagley Street Detroit MI 48216 Prospective 60 Detroit - South
78 Left Field Housing 2610 Cochrane Street Detroit MI 48216 Prospective 120 Detroit - South
79 Ann Arbor Trail 166 East Ann Arbor Trail Plymouth MI 48170 Prospective 57 Canton / Plymouth
80 Hillside Residences 41661 Plymouth Road Plymouth MI 48170 Prospective 88 Canton / Plymouth
81 Little Mack Avenue 29000 Little Mack Avenue St. Clair Shores MI 48081 Prospective 60 St. Clair Shores / Grosse Pointe
82 Clinton Place Redevelopment 147 North River Street Detroit MI 48043 Prospective 283 Clinton Township - East
83 15245 Clinton River 15245 Clinton River Road Clinton Township MI 48038 Prospective 60 Clinton Township - West
84 Warren Town Center Kennedy Circle & Van Dyke Avenue Warren MI 48093 Prospective 500 Warren
85 Lakeside Circle Senior 14460 Lakeside Circle Sterling Heights MI 48313 Prospective 57 Sterling Heights
86 Lakeside Village 14000 Lakeside Circle Sterling Heights MI 48313 Prospective 100 Sterling Heights
87 Riverland District 15 Mile Road & Ryan Road Sterling Heights MI 48310 Prospective 200 Sterling Heights
88 Royal Oak Mixed - Use West 6th Street & South Lafayette Avenue Royal Oak MI 48067 Prospective 92 Royal Oak / Oak Park
89 Big Beaver Road Bellingham Drive & East Big Beaver Road Troy MI 48083 Prospective 96 Troy
90 Harrison Poolside 1700 Stutz Drive Troy MI 48084 Prospective 114 Troy
91 Troy Town Center East Big Beaver Road & Livernois Road Troy MI 48083 Prospective 850 Troy
92 Maple & Woodward 34952 Woodward Avenue Birmingham MI 48009 Prospective 50 Bloomfield Hills / Birmingham
93 North Old Woodward & Bates Street West Maple Road & North Old Woodward Avenue Birmingham MI 48009 Prospective 100 Bloomfield Hills /
Birmingham
Detroit New Construction & Proposed Multifamily Projects
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© 2020 Berkadia Real Estate Advisors LLC. Berkadia® is a trademark of Berkadia Proprietary Holding LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. In California, Berkadia Real Estate Advisors Inc. conducts business under CA Real Estate Broker License #01931050; Vincent B. Norris, CA BRE Lic. # 843890.Berkadia Commercial Mortgage LLC conducts business under CA Finance Lender & Broker Lic. #988-0701; and Berkadia Commercial Mortgage Inc. under CA Real Estate Broker Lic. #01874116. For state licensing details visit: http://www.berkadia.com/legal/licensing.aspx. The information and details contained within this report have been obtained from a third-party and believed to be accurate; however, Berkadia has not independently verified its accuracy. Date of survey: July 2020
ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET PERMITDATE
FORECASTED COMPLETION DATE
START OFRENT-UP
94 Novaplex West 12 Mile Road & Haggerty Road Novi MI 48377 Prospective 270 Farmington Hills / West Bloomfield
95 Orchard Mews 7100 Orchard Lake Road West Bloomfield MI 48322 Prospective 192 Farmington Hills / West Bloomfield
96 Beacon Hill Townhomes Phase V Beacon Hill Drive & East Walton Blvd Auburn Hills MI 48326 Prospective 65 Auburn Hills
97 Cedar Valley Phase II 1401 South Rochester Road Rochester MI 48307 Prospective 56 Rochester Hills
98 River Front 1st Street & Diversion Street Rochester MI 48307 Prospective 135 Rochester Hills
99 Rochester Hills Trio 990 West Auburn Road Rochester Hills MI 48307 Prospective 124 Rochester Hills
100 21 Mile Road & Hayes Road 21 Mile Road & Hayes Road Shelby Charter Township MI 48315 Prospective 96 Shelby Township
101 Front Street Town Center Main Street & Washington Street New Baltimore MI 48047 Prospective 100 Chesterfield / New Baltimore
102 Redwood Washington Township Phase II 57163 Cypress Street Washington
Township MI 48094 Prospective 154 Washington / Richmond
103 Sashabaw Market Place Waldon Road & Walters Road Clarkston MI 48346 Prospective 280 Clarkston / Orion
104 East Riverfront Atwater Street & Rivard Street Detroit MI 48207 Prospective 360 Detroit - Downtown
105 The Hive on Russell 2033 Russell Street Detroit MI 48207 Prospective 71 Detroit - Downtown
106 The Leland 400 Bagley Street Detroit MI 48226 Prospective 340 Detroit - Downtown
107 The Russell Flats 2801 Russell Street Detroit MI 48207 Prospective 82 Detroit - Midtown
108 Grand Trunk Crossing Holden Street & Sterling Street Detroit MI 48208 Prospective 50 Detroit - New Center
109 Lee Plaza 2240 West Grand Blvd Detroit MI 48208 Prospective 180 Detroit - New Center
110 West Grand Boulevard & Woodward Avenue 2974 West Grand Blvd Detroit MI 48202 Prospective 80 Detroit - New Center
111 Hubbard - Vernor 4060 Vernor Hwy Detroit MI 48209 Prospective 53 Detroit - South
Total Prospective 7,729
TOTAL DETROIT 18,604