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Berkshire HathawayHomeServicesThe Loft WarehouseCondo Market ReportDowntown Detroit

Published January 2019

DEVELOP WITH CONFIDENCE™Copyright 2019 The Loft Warehouse Inc.

Condo Market ReportDowntown Detroit - January 2019

IntroductionWelcome to our Detroit Condo Market Report!This report is aimed at listing all significant condominium projects in Detroit, and organizing essential information aboutthem so that buyers. sellers, developers and real estate agents can use it to quickly find relevant information and aid intheir decision making process.It includes key metrics such as sold price per sf, desirability index, as well as a list of the most recent sales, with unitsize, price, and close date.

We hope it becomes an essential tool for anyone already involved in our very dynamic and growing market, as well as anexciting introduction for those considering a move to our City either as new residents or as investors and developers.

Definitions New Development - A project that is new to the market and has never been sold before. Only projects that are

publicly offered for sale are reported. Contact us to learn more about upcoming developments.

Resale Development - A project that was sold out by its developer and only has existing owner sales.

Average Absorption - Units sold per month over last ten sales or last three years.

Launch Year - Year that closings started or that closings are expected to start for new developments.

Sold Out Year - Year when the last developer owned unit was sold. For older projects this is often an estimate.

Average Listing Price/SF - This is applicable only to new developments, and represents the average of the price persquare foot of the units that are publicly marketed at the time this report is issued. It does not include the price persquare foot of units under contract and not yet closed, as this is not public information.

Address - When a development has multiple addresses (as is typical for townhome developments for example) theunit number is a short form of the street address comprised of the street number followed by a letter code indicatingthe street.

Condominiums/Cooperative - This report only covers condominiums in the city of Detroit and excludes cooperativeunits that are usually bundled with condominiums on the MLS. Due to the specific type of ownership and ownershiprestrictions, the cooperative market does not follow the same dynamic than the condominium market.

Desirability Index - The Desirability Index reported for resale developments is an average for the units sold duringthe period. The Desirability Index reported for new developments (units not yet sold) is based on the publiclyavailable information.

Sources - Realcomp II Ltd. is the source of all sale data. Other data is credited to each project specific website andother marketing materials. Data accuracy is limited by the timeliness & accuracy of sales reporting by Realtors® toRealcomp.

Amenities - The visual key below has been used to describe the amenities available for each Development.

Valet Concierge Hotel Storage Fitness Lounge Food& Drink

Outdoor Parking Pool



Market Outlook

2018, a Record Year2018 was a record year with the sale of 381 condo (+19% vs. 2017) and a transaction volume of $99M (+38% vs. 2017). The averagecondo sold for $260,000 vs. $223,000 in 2017. This growth is easily explained as new high end projects such as the Fort ShelbyResidences and City Modern have both added to the number of transactions and to the overall market volume.

A New Trend Emerges: Market NormalizationIn the graph above, we can detect for the first time a new trend in the market evolution with a reduction in the rapid rate of apprecia-tion that we have been observing over the last 7 years.

Some condo buildings’ rate of appreciation is still accelerating because they appreciated later than the rest of the market due toproduct, location or other restrictions. They are still adjusting, with a time lag, to their expected value. Other buildings that are nowpassed their peak were overvalued in 2017 and find themselves in the middle of a market correction that started mid 2018. Themarket trend graph for each building is now displayed in the top right corner of each project page in this report.

These behaviors correspond to a “market normalization”. After many years of exponential appreciation due to a severe lack of in-ventory, the introduction of new product, the increase of interest rates and buyers’ concern regarding trade & the global economyhave tempered overheated sub-markets and allowed others to catch up. We are now looking at a still appreciating but more bal-anced market dynamic.

Since we still are projecting a lack of condo inventory situation, the combined evolution in 2019 of the stockmarket, trade policies and interest rates will define if our market continues on its steady appreciation rate,slows down further or rather rebounds to return to an increasing appreciation rate.

Price/sf vs. Close date10-year sales history



Detroit Towers Condos

Shoreline East Condos

Campau Farm in Elmwood Park

Canfield Lofts

Gramont Manor Condos

Indian Village Manor

200 River Place Lofts

Lofts at New Center

Carola & Lamar Lofts

Leland Lofts

Lofts at Rivertown

Park Shelton Condos

Research Lofts

Spinnaker Tower

Art Center Town & Carriage Homes

Ellington Condos

Garden Lofts

Great Lakes Tower

Grinnell Place Lofts

Stuber-Stone Lofts

Willys Overland Lofts

Woodward Place at Brush Park

55 West Canfield

Carlton Lofts

Riverfront Tower Condos

Westin Book Cadillac

FD Lofts

Garden Court

Map of Coverage

Franklin Lofts - 2987 Franklin Street

9 on 3rd Townhomes - 4402 - 4434 3rd Street

The Selden - 438 Selden Street

Fort Shelby - 525 W. Lafayette Boulevard

City Modern - 318 Edmund Place

Saint Charles - 1454 Townsend Street

Fisher Kahn Condos - 7409 Second Street

64 Watson - 64 Watson Street

Ashton Detroit - 659 Howard Street

Cass & York - 5935 Cass Avenue

James Place Lofts - 262 Mack Avenue

632 Prentis - 632 Prentis Street

Trumbull House - 4304 Trumbull Street

Tiger Towns at the Corner - 2200 Trumbull Avenue

A

B

C

1

2

3

4

5

6

7

8

9

10

D

E

F

G

H

I

19

BC

D

E

F

H

A

I

J

10

8

D

23

421

20

25

11

61 2

12

15

7

27

5

26

14

13

1722

16

9

1828

Resale DevelopmentsNew Developments

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

3

24

J

K

L

L

M

G

N

N

KM



Desirability Analysis

A

B

C

D



Campau Farm in Elmwood Park

Canfield Lofts




Lofts at New Center

Carola & Lamar Lofts

Leland Lofts

Lofts at Rivertown

Park Shelton Condos

Research Lofts

Spinnaker Tower

Art Center Town & Carriage Homes

Ellington Condos

Garden Lofts

Great Lakes Tower


Stuber-Stone Lofts


Woodward Place at Brush Park

55 West Canfield

Carlton Lofts



FD Lofts

Garden Court

1

2

3

4

5

6

7

8

9

10

Resale Developments

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

Franklin Lofts - 2987 Franklin Street

9 on 3rd Townhomes - 4402/4434 3rd Street

The Selden - 438 Selden Street

Fort Shelby - 525 W. Lafayette Boulevard

City Modern - 318 Edmund Place

Saint Charles - 1454 Townsend Street

Fisher Kahn Condos - 7409 Second Street

64 Watson - 64 Watson Street

Ashton Detroit - 659 Howard Street

Cass & York - 5935 Cass Avenue

James Place Lofts - 262 Mack Avenue

632 Prentis - 632 Prentis Street

Trumbull House - 4304 Trumbull Street

Tiger Towns at the Corner - 2221 Trumbull Avenue

A

B

C

D

E

F

G

H

I

New Developments

J

K

L

E

M

F H

K

LM

N

N

12

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

2425

27

28

Price/sf vs. Desirability1/18 - 12/31/18 sales

G

I

J

23

26



Desirability AnalysisA Buyer Behavior ModelThe Desirability Index is a proprietary index developed by Berkshire Hathaway HomeServices The Loft Warehouse, thatrepresents how desirable a property is for a typical buyer. It is a number from 0% (least desirable) to 100% (most desir-able), based on a statistical model of buyer behavior extracted from past and current sales data. The desirability indexis the cornerstone of a new statistical method to model condominium markets that allows us to predict the sale priceof any condominium unit based on its location, finishes and amenities.

Changes in the buyer behavior occur because of long term trends in buyer taste and changes in available constructionand material technology, but also more rapidly, through the influx of new residents to the City moving from surroundingcommunities, as well as bringing fresh expectations from other Cities & States.

As we update regularly our model, we are able to see trends in buyer behavior such as the continued importance ofparking, or the evolution away from industrial lofts toward refined products featuring higher quality finishes. More im-portantly, we are able to quantify these changes and their impact on perceived value.

Market ModelThe use of the Desirability Index allows us to compute a very simple market model as the relationship between the De-sirability Index and the Price/sf is linear. By separating the Buyer model from the Market model, we can observe “pure”market changes independently.

For example, we are able to detect early any signs of a market change that would be otherwise hidden by the variationof product offered for sale. Our recent observations of the Detroit condo market is that it is progressing slowly (theprice/sf for a product of a given desirability does not change much) but that the inventory is shifting quickly towardmore desirable product either through the release of new product or improvement of existing resale units.

Model UsageWe support developers as they work on the concept for their future product by applying this model. It allows us to pre-cisely value and compare various options for finishes and amenities, and fine tune the product design to optimize itscost vs. the expected sale price.

The model gives us a deeper understanding of what matters for a buyer and how to best choose a site for a given prod-uct, or what product best fits an existing site. The chart below illustrates, as an example, the relative importance of Lo-cation, Finishes and Amenities for a condo buyer as of the time of this report.

Finally, we have calculated the average Desirability Index for each development in this report and illustrated their rela-tive position on the graph on the next page.



New DevelopmentsThe following section contains sale information and updates for actively sellingdevelopments and upcoming condo projects in the Detroit market.

Development List:Franklin Lofts9 on 3rd

The SeldenFort Shelby ResidencesCity ModernSaint Charles ResidencesFisher Kahn Condos64 WatsonAshtonCass & YorkJames Place Lofts632 PrentisTrumbull HouseTiger Towns at the Corner

Saint Charles ResidencesFort Shelby Residences

City Modern Townhomes

Cass & York

East Riverfront



Available Amenities are highlighted

Resale Development

Franklin LoftsThese luxury lofts have spectacular views of downtownDetroit, and each has a private rooftop deck, 12-footceilings, and exposed brick walls with open floor plans thatare perfect for entertaining and relaxation. Theprofessional kitchen includes Miele appliances and Berlonicabinets, and reclaimed hardwood floors flow throughoutthe space.

Desirability Index : 44%

Sale Status

Address2987 Franklin Street

Total Units10

Launch Year2017

DeveloperOn Your Fork LLC

Average HOA Fees$195-500/Month

Average Absorption<1 unit/month

Average Listing Price/SF$375

Available list prices as of January 2019:

One Bedroom:Listing Price: $265,000-$450,000Size: 690-1135 SFListing Price/SF: $384-$396

Three Bedroom:Listing Price: $1,250,000Size: 4000 SFListing Price/SF: $313

1 closed 4 in contract 5 available

A

New Development



Midtown


9 on 3rdA row of nine attached townhouse-lofts with front stoopsfacing the sidewalk, rear below-grade parking, and brickexteriors. The properties include the features of a loft butthe comfort of a town home, exposed brick and highceilings. Each of the 1,100-square-foot condominiumsoffers an open-plan first floor, including a master bedroomon the second floor, as well as a second one that caneasily be converted to a studio. Each condo includes a 2-car (tandem) attached garage.

Unit Type SF Closing Price $/SFClosedDate

4402 1/1.5 1100 $306,250 $298 4/24/2018

4426 1/1.5 1100 $351,800 $320 4/17/2018

4434 1/1.5 1100 $328,000 $278 4/16/2018

1100 $323,894 $294Averages:

4410 1/1.5 1100 $305,000 $277 8/21/18

4418 1/1.5 1100 $307,500 $280 9/28/18

4406 1/1.5 1100 $352,000 $320 8/29/18

4430 1/1.5 1100 $305,000 $277 8/31/18

4422 1/1.5 1100 $303,500 $276 11/9/18

4414 1/1.5 1100 $356,000 $324 11/7/18

Most Recent Closed Sales


Sale Status

Address4402 - 4434 3rd Street

Total Units9

Launch Year2017

DeveloperConfidential

Average HOA Fees$300/Month

Average Absorption1 unit/month

Average Listing Price/SFN/A

SOLD OUT NOVEMBER 2018


B

New Development



Midtown


Address438 Selden

Total Units12

Launch Year2018

Developer

Ferlito Group


Average Absorption1.5 units/month

Last Six Months Price/SF$123 (123 units)

The Selden CondominiumThe Selden is a 12-unit luxury condominium ideallysituated near the Woodward corridor in the heart ofMidtown Detroit, with easy access to shopping, dining, artand the Q-LINE rail system just a few steps away.


302 2/2 1194 $505,000 $423 12/7/2018

303 2/2 1158 $485,000 $419 7/31/18

202 2/2 1194 $450,000 $377 6/7/18

203 2/2 1158 $300,000 $259 5/15/18

301 2/2 1185 $469,900 $397 4/7/18

304 2/2 1158 $489,000 $422 3/23/18

404 2/2 1155 $518,000 $448 2/20/18

402 2/2 1165 $489,900 $421 1/26/18

401 2/2 1185 $525,000 $443 1/18/18

Averages: 1171 $466,660 $419



Sale Status

12 closed in contract 0 available

SOLD OUT DECEMBER 2018

DeveloperFerlito Group


Average Absorption< 1 unit/month

Average Listing Price/SFN/A

C

Downtown




New Development

Fort ShelbyLocated above the Downtown Hilton-DoubleTree hotel, theFort Shelby Residences offer hotel amenities to itsresidents, as well as great views of the Detroit River andthe downtown skyline.


11C 1/1 939 $300,000 $319 6/24/18

12B 3/2 1848 $550,000 $298 6/24/18

20B 3/2 1848 $600,000 $325 6/24/18

17A 2/2 1405 $435,000 $310 5/31/18

16B 3/2 1848 $548,500 $297 4/23/18

18B 3/2 1848 $533,000 $288 4/23/18

1458 $455,722 $316Averages:

20C 11 971 $340,000 $350 8/10/18

14D 2/2 1443 $490,000 $340 8/28/18

14C 1/1 971 $305,000 $314 11/9/18



Sale Status

Address525 W. LafayetteBoulevardTotal Units56

Launch Year2018

DeveloperMCP Development

Average HOA Fees$400-$600/Month

Average Absorption1.5 units/month



One Bedroom:Starting Listing Price: $300,000+Size: 939-1173 SFListing Price/SF: $298—$346

Two Bedroom:Starting Listing Price: $365,000+Size: 1223-1443 SFListing Price/SF: $281—$347

Three Bedroom:SOLD OUT


D

Brush Park




New Development

City ModernCity Modern is a largescale project comprising of 104units, over 3 phases and 3 years of construction. Thevariety of designs (townhomes, carriage homes and“duplettes”) all in a very contemporary style are veryattractive to the modern buyer. Project offers multiplecustomization options. Desirability Index : 59%

Sale Status

Address318 Edmund Place(Various)Total Units104

Launch Year2018

DeveloperHunter Pasteur Homes


Average Absorption4 units/month



Two Bedroom:Listing Price: $508,690-$614,595Size: 1,411-1,460 SFListing Price/SF: $348-$424

Three Bedroom:Listing Price: $618,500-$912,845Size: 1,810-2,477 SFListing Price/SF: $342-$384


E

Islandview/West Village




New Development

Saint Charles ResidencesPhase 1 is located in a 1912 school being renovated into25 condo units. The residences feature large open spaces,abundant natural light from soaring windows, lofty ceilingsand luxury finishes. This development includes additionalnew constructions phases planned in 2019-2020.



One Bedroom:Listing Price: $340,000-$370,000Size: 933-981 SFListing Price/SF: $364 - $377

Two Bedroom:Starting Listing Price: $495,000-$595,000Size: 1,195-1,215 SFListing Price/SF: $407-$498

Address1454 Townsend Street

Total Units25 (phase 1)10 (phase 2)Launch Year2019

DeveloperBanyan Investment




Sale Status


F



New Center


New Development

Fisher Kahn CondominiumsLocated in up and coming neighborhood of NewCenter, this apartment building is being converted tocondominiums. It is footsteps from the retail andentertainment of the Fisher building and the Q-Line. Desirability Index : 34%

Sale Status

Address7409 Second Street

Total Units48

Launch Year2018

DeveloperFisher Kahn LLC





One Bedroom:Listing Price: $159,900-$214,900Size: 740-760 SFListing Price/SF: $216-$283


G


31 1/1 760 $192,000 $253 8/31/18

12 1/1 709 $168,000 $237 8/16/18

2 1/1 760 $179,900 $237 3/7/18

27 1/1 760 $177,000 $233 2/9/18

26 1/1 760 $176,000 $232 1/18/18

Averages: 750 $178,580 $238


Brush Park




New Development

64 Watson64 Watson is the address of the former Devon building,now demolished to make place for this stately newdevelopment. Residences will have dark walnut flooring,private outdoor space, and a garage for residents.


Sale Status

Address64 Watson Street

Total Units5

Launch Year2019

DeveloperDevon Renewal

Average HOA Fees$234 Month




Three Bedroom:Listing Price: $1,499,900Size: 2,450 SFListing Price/SF: $612


H

Downtown




New Development

Ashton DetroitLocated just a few blocks West of the Central BusinessDistrict Ashton Detroit is an ambitious project as the firsthigh-rise residential building in several decades. Finishesare modern, and reminiscent of big City architecture suchas Chicago or Toronto. Desirability Index : 78%

Sale Status

Address659 Howard Street

Total Units96

Launch Year2020

DeveloperEric Means & BrianHoldwick

Average HOA FeesUnknown

Average AbsorptionTBD

Average Listing ProjectedPrice/SF$437

Project not taking reservations & no longer marketedfor sale


I



New Center


New Development

Cass & YorkCASS & YORK provides the vibrancy of center city livingwith the scale and composure of an urban neighborhood.It includes ground floor retail with an outdoor plaza.Residential units are planned to accommodate day-to-daycomforts while detailed to be modern and distinct. No twounits are alike. Desirability Index : 79%

Sale Status

Address5935 Cass Avenue

Total Units53

Launch Year2020

DeveloperThe Platform





One Bedroom:Starting Listing Price: $395,000+Starting Size: 890 SFListing Price/SF: $444—$482

Two Bedroom:Starting Listing Price: $545,000+Size: 1247-1773 SFListing Price/SF: $433—$993

Three Bedroom:Starting Listing Price: $850,000+Starting Size: 1788 SFListing Price/SF: $475


J

Brush Park




New Development

James PlaceNew construction townhome development on the Northside of Brush Park, just South of the DMC and WholeFoods.Very high end finishes are planned in this project that isscheduled for delivery early 2019. Desirability Index : 67%

Sale Status

Address262 Mack Avenue

Total Units9

Launch Year2019

DeveloperUnknown





K


Two Bedroom:Listing Price: $354,900-$495,900Size: 1,110-1,300 SFListing Price/SF: $364-$381

New Development



Midtown


632 PrentisA row of nine attached townhouse-lofts with front stoopsfacing the sidewalk, rear below-grade parking, and brickexteriors. The properties include the features of a loft butthe comfort of a town home, exposed brick and highceilings. Each of the 1,100-square-foot condominiumsoffers an open-plan first floor, including a master bedroomon the second floor, as well as a second one that caneasily be converted to a studio. Each condo includes a 2-car (tandem) attached garage.


Sale Status

Address632 Prentis Street

Total Units8

Launch Year2019

Developer632 Prentis LLC


Average AbsorptionN/A


0 closed 8 available

L


One Bedroom:Listing Price: $210,000-$325,000Size: 687-883 SFListing Price/SF: $306-368



Woodbridge


New Development

Trumbull HouseSituated in the peaceful historic neighborhood ofWoodbridge, Trumbull House offers residents access tosome of Detroit’s most charming tree-lined streets, whileminutes from some of Detroit’s most cherishedrestaurants and shops providing for your every need.Nice quality finishes in this historic renovation areappealing to buyers.


3 1/1 625 $200,000 $320 12/3/18

Averages: 625 $200,000 $320



Sale Status

Address4304 Trumbull Street

Total Units6

Launch Year2018

DeveloperUnknown



Average Listing ProjectedPrice/SF$362

M


One Bedroom:Listing Price: $210,000-$325,000Size: 687-883 SFListing Price/SF: $306-368

1 closed 5 available



Corktown


New Development

Tiger Towns at the CornerLocated at the site of Historic Tiger Stadium, thisnew construction town home is within walkingdistance of Corktown food and entertainment sceneand minutes from the CBD. The project offerscustom finish selections as well as rooftop &floorplan upgrades .


Sale Status

Address2221 Trumbull

Total Units34

Launch Year2020

DeveloperLarson GroupRobertson Brothers


Average Absorption5 units/month



Two Bedroom:Listing Price: $409,990-$440,990Size: 1,588 SFListing Price/SF: $258-$278


N



ResaleThe Detroit condominium market is still largely dominated by resales that representthe large majority of transactions. Most of these happen in developments thatlaunched in the mid 2000s, most of them resulting from the adaptive reuse of historicstructures.



Campau Farm inElmwood Park

Canfield Lofts




Lofts at New Center

Carola & Lauer Condos

Leland Lofts

Lofts at Rivertown

Park Shelton Condos

Research Lofts

Harbor Spinnaker Tower

Art Center Town & Car-riage Homes

Ellington Condos

Garden Lofts

Great Lakes Tower


Stuber-Stone Lofts


Woodward Place at BrushPark

55 West Canfield

Carlton Lofts



FD Lofts

Garden Court

Leland Lo s

Willys Lo s

Research Lo s

Development List:

Gold Coast




Resale Development

Detroit Towers CondominiumsBuilt for Detroit’s wealthy in 1925, Detroit Towers sits backon Jefferson near the Detroit River. The building, designedby Walter W. Ahlschlager, is its own historic district and islisted on the National Register of Historic Places. Eachfloor has two units with views of Belle Isle, Canada anddowntown. Unit Type SF Closing Price $/SF Closed

17A 3/3 2810 $377,500 $134 5/21/18

12B 2/2 2400 $217,500 $91 3/6/18

4B 3/2.5 2500 $190,000 $76 11/21/17

7A 3/2.5 2500 $235,000 $94 12/5/16

1B 2/2 2500 $30,000 $12 5/9/16

2542 $210,000 $81Averages:



1

Address8162 E. Jefferson Avenue

Total Units36

Launch Year1974

DeveloperDetroit Towers Associates


Sold Out1976 (est.)

Last Six Months Price/SFNo Recent Sales

Gold Coast




Resale Development

Shoreline East CondominiumsShoreline East Condominiums features soaring riverfrontand city views from a 20-story gated high-rise building onthe Detroit River. The mid-century modern architectureoffers spacious studio units as well as one, two and threebedroom residences. Shoreline East Condominium offer adiverse professional community, exceptional service levelsand a great waterfront location. Unit Type SF Closing Price $/SF Closed

1801 0/1 550 $57,00 $104 11/28/18

703 2/2 1100 $117,00 $106 11/8/18

1206 1/1 700 $41,900 $60 10/23/18

704 2/2 1100 $140,000 $127 10/12/18

805 1/1 705 $64,900 $92 9/17/18

209 2/2 112 $179,900 $162 7/30/18

1403 2/2 1100 $155,000 $141 7/27/18

503 2/1.5 1142 $120,000 $105 7/6/18

203 2/2 1142 $99,900 $86 6/19/18

1604 2/2 1100 $120,000 $109 4/23/18

875 $115,200 $109Averages:



2


Total Units209

Launch Year1980

DeveloperN/A


Sold OutN/A


Elmwood Park




Resale Development

Campau Farms at Elmwood ParkCampau Farms is a gated community of townhomes orga-nized around a central swimming pool and club house andlocated in a nicely landscaped park.Townhomes are 3-story modern construction and mosthave been remodeled by their current owners to upgradefinishes to new materials and appliances. Unit Type SF Closing Price $/SF Closed

1858 C 2/1.5 2840 $166,000 $58 9/27/18

1704 C 2/2 2840 $150,000 $53 9/26/18

1727 C 2/1.5 1100 $152,000 $138 7/13/18

1731 C 2/2 1420 $149,000 $105 6/22/18

2910 P 2/1.5 1830 $162,000 $89 1/26/18

1718 C 2/2 2840 $125,000 $44 12/21/17

1830 C 2/1.5 1830 $137,000 $75 8/9/17

1934 C 2/1.5 1400 $150,000 $107 7/31/17

1924 C 2/1.5 1830 $150,000 $82 7/25/17

1762 C 2/2 1700 $155,000 $91 6/19/17

1963 $149,600 $84Averages:



3

AddressCampau Farms Circle (C)

Prince Hall Drive (P)Total Units

172Launch Year

1997

DeveloperCharter Oak HomesAverage HOA Fees$190-$320/Month

Sold Out2000


Midtown




Resale Development

Canfield Lofts CondominiumsPlaced on the national and local historical registries in1999, this structure was built in 1921 and occupied byBuick Motor Co. Canfield Lofts feature exposed concretemartini columns throughout, new windows, first-floor park-ing garage for 22 cars, an outdoor lot, an 800-square-footcommon outdoor roof deck, storage area on first and sec-ond floors, an alarm system.Its location makes it the favorite of many Detroiters and itregularly reaches price/sf records.

Unit Type SF Closing Price $/SF Closed

206 1/1 1100 $295,000 $268 11/16/18

302 1/1 868 $275,000 $317 4/30/18

208 1/1 786 $317,500 $404 3/12/18

309 1/1 1087 $350,000 $322 11/7/17

106 1/1 900 $309,000 $343 10/30/17

304 1/1 1087 $360,000 $331 10/17/17

308 1/1 900 $315,000 $397 5/31/17

208 1/1 786 $250,000 $318 1/26/17

303 1/1 1081 $329,000 $304 10/31/16

104 1/1 914 $330,000 $361 10/25/16

951 $313,050 $337Averages:



4

Address460 W. Canfield Street

Total Units35

Launch Year2000

DeveloperCanfield Lofts LLC


Sold Out2006

Last Six Months Price/SF$268 (1 unit)

New Center




Resale Development

Gramont Manor CondominiumThis building is one of the hidden treasures of New Center.Built in 1920 by famed architect Albert Kahn, it was con-verted into condominiums in 2000.The building features a beautiful mosaic floor in the lobbyand classical columns with molding.


301 2/1 710 $110,000 $155 11/2/18

107 2/1 850 $117,500 $138 7/20/18

Unk 2/1 800 $141,000 $176 4/25/18

108 1/1 540 $95,000 $176 4/25/18

305 1/1 540 $85,000 $157 2/7/18

307 2/1 800 $90,000 $113 11/2/17

101 2/1 790 $91,500 $116 6/26/17

402 1/1 800 $85,000 $106 4/6/17

304 1/1 750 $82,500 $110 3/28/17

408 1/1 700 $90,000 $129 3/27/17

728 $98,750 $138Averages:



5

Address120 SewardTotal Units

50Launch Year

2000Developer

Farbman Group


Sold Out2005


Indian Village




Resale Development

Indian Village ManorIndian Village Manor is a hidden gem in the Gold Coastalong East Jefferson. The building is divided into largecondos that don’t share walls with neighboring condos.Units offer hardwood floors, fireplace, built-ins, and crownmolding.Building feature a gated parking lot, security, a fitness cen-ter and a small park for residents along the riverfront.


3G 3/3 2280 $236,500 $104 4/30/18

5H 2/3 2400 $197,000 $82 3/30/18

4G 3/3 2280 $225,000 $99 2/14/18

Unk 1/1 1180 $163,5000 $139 12/26/17

5K 3/3 2400 $290,000 $121 12/22/17

3C 3/3 2380 $235,000 $99 12/8/17

7E 2/2.5 2400 $299,000 $125 7/17/17

5B 3/3 2410 $280,000 $116 4/10/17

6E 2/2 2280 $265,000 $116 2/27/17

3F 4/3 2380 $175,000 $74 12/19/16

2229 $236,600 $108Averages:



6


Total Units87

Launch Year2000

DeveloperIndian Village Manor


Sold Out2004 (est.)


East Riverfront




Resale Development

200 River Place LoftsDesigned by noted architect Albert Kahn in the late 1800s,200 River Place Lofts is part of a complex of buildingsoriginally developed for the Parke Davis pharmaceuticalcompany.

With its historical features, riverfront location, vicinity torestaurants and cultural attractions, and strong sense ofcommunity among residents, 200 River Place Lofts pro-vides a true urban luxury loft living experience.


6 2/2 1850 $529,500 $286 12/4/18

31 1/1 1160 $335,000 $289 10/18/18

47 1/1 1160 $349,000 $301 7/17/18

8 2/2.5 2961 $680,000 $230 12/8/17

46 1/1.5 1451 $430,000 $296 9/11/17

11 2/1.5 1397 $399,500 $286 7/21/17

26 2/2 1555 $400,000 $257 7/20/17

29 2/2.5 2244 $500,000 $223 4/25/17

12 2/2 2070 $533,000 $257 3/9/17

37 2/1.5 1390 $312,714 $225 12/30/16

1724 $446,871 $265Averages:



7

Address200 River Place

Total Units48

Launch Year2002

DeveloperFarbman Group


Sold Out2006


New Center




Resale Development

Lofts at New CenterThis development is a series of 102 townhomes Locatedon the West side of Woodward Avenue, North of GrandBoulevard. The units are 3-story units on Woodward ave-nue and 2-story units on Bethune, Pallister and DelawareStreets.

They offer high ceilings and modern layouts & materials inan open and lofty architecture.

Thanks to its proximity to the Woodward & Grand Blvd in-tersection, this development has now walking access tomore amenities, including a Q-Line station.


84 B 2/1.5 1280 $250,000 $195 6/21/18

60 B 2/1.5 1254 $242,500 $193 6/13/18

18 P 2/1.5 1254 $252,000 $201 4/6/18

74 B 2/1.5 1280 $240,000 $188 10/24/17

68 B 2/1.5 1254 $225,000 $179 10/18/17

76 B 3/1.5 1254 $263,000 $210 10/10/17

13 P 2/1.5 1254 $194,500 $155 8/18/17

18 B 2/1.5 1250 $225,000 $180 8/11/17

1259 $240,200 $191Averages:

78 B 1/1 1254 $255,000 $203 7/31/18

57 P 1/1 1254 $255,000 $203 9/10/18



8

AddressW. Bethune (B)W. Pallister (P)Delaware (D)Total Units

102Launch Year

2002

DeveloperCharter Oak HomesAverage HOA Fees$200-$235/Month

Sold Out2006


Brush Park




Resale Development

Carola CondominiumsThe Carola building was originally constructed as anextended stay hotel. The seven-story building wasabandoned for many years when the development teampurchased the building and began the reconfiguration toluxury condominiums. With three units per floor, and eachhaving a balcony, the raw concrete and exposed clay tileceiling spaces are quite dramatic.The building offers a unique parking solution with a row ofgarages in the back of the property.


Unk 1/1 990 $270,000 $273 4/13/18

22 1/1 900 $205,000 $228 5/31/17

27 1/1 900 $245,000 $272 10/7/16

26 1/1.5 917 $280,000 $305 7/6/16

9 1/1 1135 $280,280 $247 5/1/16

10 1/1 1240 $287,700 $232 4/7/16

1 2/1 1611 $300,000 $186 2/15/16

1060 $275,553 $268Averages:

5 1/1 1050 $320,000 $305 6/27/18

28/9 1/1 796 $292,000 $367 7/2/18



9

Address78 Watson &112WatsonTotal Units

21Launch Year

2003

DeveloperGeorge John


Sold Out2018


Eastern Market




Resale Development

Leland LoftsLeland Lofts is an historic school building converted intocondominiums located in the desirable Lafayette Park.This landmark building has its place on the National Regis-ter of Historic Buildings, and offers 32 lofts, which main-tain the elegant architecture of this period building, yetbenefit from modern fixtures and fittings. Leland Lofts’condominiums are available as one or two bedroom unitsover large open floor plans, featuring over-sized windows,custom kitchens and bathrooms, oak hardwood flooring,12-14 foot ceilings and exposed duct work. Leland Loftshas a great communal rooftop deck and a fitness centerwhilst it is only a short walk to cultural venues, restaurantsand shopping at Eastern Market, Riverwalk and downtownDetroit


50 2/1.5 1396 $375,000 $269 10/12/18

38 1/1 1350 $270,200 $200 5/3/18

49 1/1 1067 $275,000 $258 3/29/18

37 1/1.5 1580 $335,000 $212 8/11/17

41 1/2 1180 $275,000 $233 3/10/17

45 1/1 1150 $261,000 $277 9/26/16

1291 $295,457 $237Averages:

35 2/1 1315 $277,000 $211 4/29/16



10

Address1395 Antietam Avenue

Total Units32

Launch Year2004

DeveloperJoel Landy


Sold OutN/A


East Riverfront




Resale Development

Lofts at RivertownOriginally a warehouse & manufacturing plant for FrederikStearns & Company, a lead-ing pharmaceutical manufacturer in 19th century thisstructure was first built in 1899 with the addition in 1912.This gated community has a fitness room, outdoor pool &hot tub, 24/7 security and access control.

The building is located only 2 miles from downtown andjust across the street from the Belle Isle State Park.

Units are true lofts showing off various design and con-struction materials: old timber beams, martini columns,exposed concrete ceilings. Some 4th floor units feature arooftop terrace on a 2nd level, while a very few penthouseunits include a rooftop deck.


303 1/1 894 $170,000 $190 11/16/18

601 1/1 1000 $160,000 $160 11/13/18

320 1/1 1000 $180,000 $180 10/8/18

435 2/2 1255 $272,000 $217 9/28/18

128 2/2 936 $188,000 $201 9/24/18

208 2/1 1100 $194,5000 $177 9/20/18

329 1/1 828 $155,000 $187 9/12/18

426 2/2 1393 $315,000 $226 7/27/18

331 1/1 819 $179,000 $219 7/27/18

003 1/1 1050 $194,9000 $186 7/12/18

1028 $551,300 $191Averages:

240 1/1 1112 $181,000 $163 12/19/2018



11


Total Units178

Launch Year2004

DeveloperSlavik Murray Investment Co.


Sold Out2010


Midtown




Resale Development

Park Shelton CondominiumsThis is Midtown Detroit unique high rise condominium,with history, character, mystique, exclusivity, and comfortall in one place.The original 1926 Wardell hotel building has been broughtback to its former grandeur, with a thorough structural andthorough interior modernization. It features a grand lobbywith a full-time professional staff in attendance.The Park Shelton boasts legendary design and modernamenities, combining posh with urban chic while offeringthe convenience of many on-site amenities such as shops,restaurants, coffee shops, and a Q-Line station.


325 0/1 522 $159,000 $305 12/7/18

404 2/2 1660 $385,000 $232 10/26/18

1107 1/2 892 $264,000 $296 10/26/18

801 1/1 644 $215,000 $334 9/19/18

1131 1/1 819 $250,000 $305 9/14/18

518 2/2 1600 $400,000 $250 9/6/18

617 2/2 1667 $430,000 $258 8/17/18

630 1/1 453 $185,000 $408 8/2/18

723 0/1 574 $170,000 $296 6/13/18

620 1/1.5 860 $242,000 $281 4/12/18

969 $270,000 $297Averages:



12

Address15 E. Kirby Street

Total Units227

Launch Year2004

DeveloperBRG Custom Homes


Sold Out2017


Midtown




Resale Development

Research LoftsResearch Lofts offers modern styled units in a nationallylisted historic industrial style building. Includes: dramaticopen spaces, high ceilings, volumes of natural daylight,exposed brick, martini glass style columns, exposed woodbeams and timbers, all provided in the historical charmedsetting of Old Detroit. Near some of Detroit’s finest neigh-borhoods: Wayne State University, Midtown, WoodbridgeHistoric District, & New Center.


114 2/1 1173 $319,000 $272 7/28/18

208 2/1 896 $267,000 $298 6/21/18

215 3/2 1729 $442,500 $256 6/12/18

110 1/1 780 $245,000 $314 5/30/18

207 2/1 1032 $290,000 $281 5/17/18

204 1/1 1083 $245,000 $226 7/26/16

1070 $291,722 $275Averages:

104 2/1 911 $230,000 $252 7/30/18

204 2/1 1083 $345,000 $319 10/16/18

102 2/1.5 947 $242,000 $256 5/27/16



13

Address5766 Trumbull Street

Total Units35

Launch Year2004

DeveloperJohn Biggar & Chadd Fox


Sold Out2008


East Riverfront




Resale Development

Harbortown | Spinnaker TowerThis building is located in a gated & secured developmentthat offers resort-like amenities to its residents. It includes3 multi-family buildings and a number of townhomes. Thecomplex has a direct private access to the Detroit River-front walk and its own marina.With 19 stories, the Spinnaker Tower is the tallest of thesebuildings. Located on the West side of the complex it of-fers the best views of downtown and the river.


17C 2/2 1090 $210,000 $193 12/12/18

Unk 1/1 740 $118,000 $159 11/14/18

6C 2/2 2090 $170,000 $156 8/31/18

5B 1/1 740 $110,000 $149 6/25/18

2C 2/2 1090 $154,500 $142 5/31/18

6D 2/2 1090 $180,000 $165 5/14/18

15D 2/2 1090 $210,000 $193 4/30/18

15C 1/1.5 1090 $169,900 $156 4/13/18

18A 2/2 1090 $180,000 $165 3/20/18

15E 1/1 740 $91,500 $124 11/30/17

1085 $159,390 $160Averages:



14

Address3320 Spinnaker Lane

Total Units90

Launch Year2005

DeveloperSMU LLC


Sold Out2008


Midtown




Resale Development

Art Center Town & Carriage Homes NorthThis development is located on the East side of Midtownin the Art Center residential district. These townhomes areof recent construction with the last phase having just beencompleted.


301 2/2.5 1328 $350,000 $264 8/21/18

267 4/4 2223 $389,900 $175 6/17/18

274 1/1 1132 $179,000 $158 6/8/18

265 4/4 2223 $382,900 $172 3/2/18

292 3/2.5 1500 $310,000 $207 1/5/18

275 3/3 1458 $330,000 $226 12/1/17

271 3/3 1458 $334,900 $230 8/2/17

286 1/1 1128 $180,000 $160 7/24/17

273 3/3 1458 $339,900 $233 6/30/17

290 1/1 1128 $159,500 $141 3/3/17

1504 $295,610 $197Averages:



15

AddressE. Palmer Street

Total Units60

Launch Year2006

DeveloperArt Center Townhomes LLC


Sold Out2017


Midtown




Resale Development

Ellington CondominiumsThe Ellington offers unprecedented loft-style luxury. Locat-ed adjacent to the Detroit Medical Center and Wayne StateUniversity, The Ellington also is less than half a mile fromDetroit's Central Business District, which includes Comeri-ca Park, Ford Field and General Motors and Compuwarecorporations. World-class dining and entertainment arealso nearby.


502 1/1.5 1147 $350,000 $305 6/22/18

503 1/1.5 862 $312,000 $362 6/21/18

407 2/2 1331 $410,000 $308 10/3/17

212 2/2 1180 $375,000 $318 6/30/17

204 2/2 1226 $363,700 $297 6/23/17

308 1/1.5 967 $319,000 $330 5/31/17

409 2/2 1150 $335,000 $291 7/6/16

1176 $367,189 $314Averages:

401 2/2 1420 $440,000 $310 8/31/18

214 2/2 1298 $400,000 $308 11/28/18



16

Address3670 Woodward Avenue

Total Units36

Launch Year2006

DeveloperPeter Cummins


Sold Out2013


Brush Park




Resale Development

Garden LoftsVery popular Garden Lofts in Brush Park with view ofComerica Park. Perfect location near Downtown, Midtown,Wayne State and the DMC. Open, airy and bright third floorunit with wood floors, stainless steel appliances and ownwasher/dryer. Building has workout room and outdoorcommon space with great view of ballpark. Secure indoorparking. Rent includes heat and water, so tenant pays onlyelectricity.


455 1/1 836 $285,000 $341 9/26/18

456 1/1 830 $286,500 $345 5/31/18

322 1/1 770 $294,000 $382 5/4/18

452 1/1 864 $293,000 $339 2/2/18

451 2/2 1138 $395,000 $347 1/9/18

442 2/2 1333 $437,150 $328 8/24/17

327 1/1 1017 $310,000 $305 7/18/17

444 2/2 1138 $385,000 $338 7/12/17

Unk 1/1 949 $299,000 $315 6/9/17

443 1/1 819 $268,000 $327 5/1/17

969 $325,265 $337Averages:



17

Address66 Winder Street

Total Units62

Launch Year2006

DeveloperCrosswinds Communities


Sold Out2012


East Riverfront




Resale Development

Harbortown | Great Lakes TowerThis building is located in a gated & secured developmentthat offers resort-like amenities to its residents. It includes3 multi-family buildings and a number of townhomes. Thecomplex has a direct private access to the DetroitRiverfront walk and its own marina.The Great Lakes Tower is the largest of these buildings,located on the East side of the complex. It has its ownswimming pool and fitness center. The architecture of thebuilding dates back to 1989 and offers multiple baywindows thus maximizing the fantastic Detroit River views.



18

Address250 Harbortown East Drive

Total Units172

Launch Year2017

DeveloperBow River Capital


Sold OutTBD

Last Six Months Price/SF$253 (10+ units)


912 2/2 1161 $265,000 $228 12/14/18

701 2/2 1457 $365,000 $251 11/30/18

805 2/2 1031 $276,000 $268 11/26/18

706 2/2 1031 $257,900 $250 11/9/18

1310 2/2 1214 $389,900 $321 11/1/18

407 2/2 1031 $235,000 $228 10/30/18

806 2/2 1031 $279,050 $271 9/28/18

1404 2/2 1214 $262,500 $216 9/28/18

1102 1/1 748 $215,000 $287 8/31/18

707 2/2 1031 $255,000 $247 8/24/18

1095 $280,035 $257Averages:

Corktown




Resale Development

Grinnell Place LoftsThe Grinnell Place Lofts project redeveloped the formerGrinnell Brothers Piano Factory building into 38 for-salecondominium units. All units have a balcony and the 4thfloor lofts all have access to a rooftop terrace with primeview of the Downtown skyline.Parking is located in a first floor garage.

Grinnell Place Lofts holds the record of the highest price/sf outside of the Central Business District thanks to itshigh quality of construction/renovation and finishes, andits location ideally placed between trendy Corktown andDowntown.


201 2/1.5 1172 $401,000 $342 9/7/18

211 2/1.5 1135 $375,000 $330 10/10/17

402 2/1.5 1036 $499,000 $482 10/2/17

307 2/2 1345 $448,000 $333 8/18/17

414 2/2.5 1572 $700,000 $445 8/15/17

205 1/1 808 $315,000 $390 6/29/17

311 2/2 1122 $385,000 $343 6/16/17

1185 $456,789 $385Averages:

Unk 2/2 1290 $531,313 $412 11/23/16



19

Address2003 Brooklyn

Total Units38

Launch Year2006

DeveloperMarl Wilcox & Chris Hajek


Sold Out2014


Midtown




Resale Development

Stuber-Stone LoftsLocated in the national historic district, the Stuber-Stonebuilding was built in 1916 to serve as a dealership for theColumbia Motor Car Company. These lofts feature one-bedroom units w/loft and bath, large open floor plans, 16-foot ceiling heights, as well as two-story lofts.




200 1/1 1204 $320,000 $266 11/2/18

1300 2/1 1356 $410,000 $302 6/29/18

700 2/1 1198 $367,500 $307 7/14/17

600 2/1 1872 $345,000 $184 12/13/16

1376 $364,500 $273Averages:

Unk 1/1 1250 $380,000 $304 3/25/16

20

Address4221 Cass Avenue

Total Units13

Launch Year2006

DeveloperBob Slattery


Sold Out2016


MidtownResale Development



21

Address444 W. Willis Street

Total Units75

Launch Year2006

DeveloperNorwinds Development


Sold OutTBD



104 2/2 1487 $490,000 $330 10/5/18

205 2/2 1439 $435,000 $302 7/6/18

202 2/1 1267 $422,500 $333 6/25/18

414 2/2 1842 $532,500 $289 6/8/18

411 2/2 2292 $825,000 $360 3/16/18

415 2/2 1388 $492,500 $355 3/16/18

304 1/1 1100 $322,500 $293 2/28/18

401 2/2.5 2484 $828,000 $333 2/26/18

313 2/2 1388 $460,000 $331 2/16/18

315 2/2 1388 $460,000 $331 2/16/18

1608 $526,800 $326Averages:

Brush Park




Resale Development

Woodward Place at Brush ParkThis townhome development has seen a great renewal ofinterest from buyers. First with the announcement of the Q-Line that passes and stops right by, and more recentlywith the Little Caesar Arena across the street.

This project is now in one of the most coveted locations intown and the appeal of its large floorplans, secured park-ing and nice landscape is making this a favorite for manysports enthusiasts.


129 WI 2/2 2025 $450,000 $222 12/24/2018

100 AD 2/2 1947 $380,000 $195 12/21/2018

2622 WO 2/2 1627 $485,000 $298 12/21/2018

2652 WO 2/2 1705 $490,000 $287 11/30/18

2555 JR 3/1.5 1468 $367,800 $251 9/19/18

67 AD 2/2 1470 $355,000 $241 8/13/18

41 WI 2/3 2294 $475,000 $207 5/18/18

2541 JR 3/1.5 1456 $375,000 $258 11/20/17

82 AD 3/1.5 1468 $350,000 $238 10/13/17

98 AD 2/1.5 1468 $320,000 $218 8/7/17

2660 WO 3/2 1456 $375,000 $258 7/28/17

2555 JR 3/1.5 1468 $349,900 $238 7/18/17

2440 WO 3/1.5 1468 $365,000 $249 5/26/17

Averages: 1572 $382,270 $243



22

AddressWinder Street, John R AvenueAdelaide Street, Woodward

AvenueTotal Units

550Launch Year

2006

DeveloperCrosswind


Sold Out2008


Midtown



23

Address55 Canfield Street

Total Units38

Launch Year2007

DeveloperWayne South University Village


Sold Out2013


Brush Park




Resale Development

Carlton CondominiumsLocated in the former Carleton Plaza Hotel in Brush Park,The Carlton Lofts contain 50 condominium units that re-veal the original architecture of the building in a true loftfashion: exposed brick walls & ceilings, concrete structure& columns, and polished concrete floors. The developeradded modern finishes such as heated floors, upscalekitchens and bathrooms. Balconies offer great views ofBrush Park and Downtown.

Woodward avenue and the entertainment district is just acouple blocks away and the Q-Line connects residentseasily with Downtown to the South and Midtown/New Cen-ter to the North.



24

Address2915 John R Street

Total Units50

Launch Year2006

DeveloperDominic Liburdi


Sold OutTBD



308 2/2 1242 $390,000 $314 4/13/18

203 1/1 832 $246,000 $296 3/23/18

302 1/1 870 $259,700 $299 12/15/17

307 2/2 1140 $348,000 $305 9/1/17

204 1/1 768 $243,000 $316 8/30/17

211 1/1.5 1017 $295,000 $290 7/10/17

401 1/1 706 $229,900 $326 6/30/17

305 2/1 870 $275,000 $316 3/28/17

707 2/2 1701 $510,000 $300 10/14/16

202 1/1 870 $252,000 $290 9/2/16

1001 $304,900 $302Averages:

Downtown




Resale Development

Riverfront Tower CondominiumsRiverfront Tower is a luxury high-rise residential communi-ty of Detroit Downtown. These spacious one and two bed-room apartments come with multiple floor plans to suit allneeds and tastes. Spectacular views of the Detroit Riverand Windsor skyline and easy connection to downtownentertainment offer residents a great lifestyle.




22F 1/1.5 751 $230,000 $306 12/5/18

14E 2/2 1019 $315,000 $309 11/30/18

16G 1/1 553 $205,000 $371 11/7/18

2H 1/1 713 $190,000 $266 10/26/18

25K 2/2 1300 $500,000 $385 10/22/18

15A 2/2 1135 $299,000 $263 10/18/18

18FG 2/2.5 1310 $405,000 $309 10/15/18

4I 2/2 1041 $300,000 $288 10/12/18

7C 1/1 621 $210,000 $338 9/13/18

23I 2/2 1041 $330,000 $317 8/21/18

948 $298,400 $311Averages:

1H 1/1 713 $195,000 $273 12/27/2018

25

Address1001 Jefferson &300 Riverfront

Total Units295

Launch Year2006

DeveloperRiverfront Condominium 300


Sold Out2008


Downtown




Resale Development

Westin Book Cadillac ResidencesThe Westin Book Cadillac Detroit is a historic skyscrap-er hotel. It includes 65 exclusive luxu-ry condominiums and penthouses on the top eight floors.It reopened in October 2008 after completing a $200-million reconstruction project.Residents benefit from the full suite of hotel amenities:private concierge, maid service, room service, 24/7 valet &security and access to the fitness center, swimming pool,on site restaurants and Starbucks coffee shop.This condominium is the definitive Detroit market leader inprice/sf.


2703 2/2 1265 $575,000 $455 8/6/18

2604 2/2 1252 $500,000 $399 7/23/18

2512 2/2 1270 $645,000 $508 10/17/17

2904 3/2.5 2500 $1,795,000 $718 6/2/17

2501 2/2 1137 $470,000 $413 4/7/17

2709 2/2 1179 $575,000 $488 3/28/17

2507 1/1.5 977 $425,000 $435 2/14/17

2606 2/2 1420 $657,900 $463 2/14/17

2905 3/2.5 4470 $1,200,000 $268 11/1/16

2802 2/2 1277 $575,000 $450 9/23/16

1664 $732,300 $456Averages:



26

Address1135 ShelbyTotal Units

65Launch Year

2008Developer

Ferchill Group


Sold Out2014


Eastern Market




Resale Development

FD LoftsThe FD (Fire Department) Lofts are located in a 1917 DFDmaintenance center that was converted into residentialuse in 2006. The transformation of this brick and concretebuilding architecture resulted in exceptional lofts withmezzanine bedrooms, 18-foot ceilings, large warehouse-style windows, and a private courtyard that leads to thegated covered parking and storage for residents.Eastern market is one of the favorite destinations of De-troiters and all of Southeast Michigan on weekends andespecially on flower day in May.


405 1/1 1444 $322,000 $233 8/9/18

304 1/1 1000 $243,500 $244 3/6/18

107 2/2 1780 $435,000 $244 6/29/17

Unk 1/2 1200 $305,000 $254 3/22/17

406 1/2 1450 $325,000 $224 3/6/17

1269 $312,700 $249Averages:

208 1/1 916 $255,000 $278 1/26/17



27

Address3434 Russell Street

Total Units34

Launch Year2014

DeveloperRobert Heide


Sold Out2016


East Riverfront




Resale Development

Garden CourtGarden Court is a 9-story 1915 building by famed architectAlbert Kahn. It offers and great views of Downtown andthe Detroit River in a classical architecture style typical ofthe early 20th century. The building was registered on thenational registry of historical places in 1985.There were only a few units owned by the developer at thebeginning of the year and they are now sold. Some homeowners have beautifully restored & upgraded their unitswith breathtaking results.



28

Address2900 Jefferson Avenue

Total Units66

Launch Year2007

DeveloperFarbman


Sold OutTBD



62 1/1.5 1608 $273,200 $170 12/7/18

C4 2/2.5 2883 $345,000 $120 7/13/18

B6 4/3 3000 $375,000 $125 11/9/17

D102 1/1 764 $163,000 $213 7/31/17

B1 3/3 2952 $339,000 $115 7/19/17

B3 3/2.5 3047 $345,000 $113 4/20/17

D101 1/1 718 $149,900 $209 3/24/17

A801 1/1 771 $145,000 $188 2/9/17

A701 1/1 771 $140,000 $182 2/9/17

C2A 1/1 1049 $116,970 $112 12/16/16

1756 $239,207 $155Averages:

DEVELOP WITH CONFIDENCE™

Contact us:

Berkshire HathawayHomeServices

The Loft Warehouse313.658.6400

www.theloftwarehouse.com

3434 Russell St. Ste 101| Detroit, MI 48207

prepared by Jerome Huez | [email protected]

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