New Plans for Detroit Shoreway's The Detroit Superior Lofts

Those of us in real estate have been hearing about the proposed Detroit-Superior Lofts for a while now. There are two articles about the plans and it's always a bit amusing to see the differences in the stories. Isn't news always like that? It seems the project is still a 'go' and it is still being developed by TEG Properties of Cleveland. Both articles agree on that. They also agree that the non-profit group A Place For Us is no longer in the picture for that site. (The site btw, is at the corner of W. 28th and Detroit)

Crain's Cleveland is where I first read about it today. Stan Bullard wrote an article about the 50 unit project. It was once also going to cater to more senior residents (in additon to the gay population) and it was to be a four story building. According to Bullard, it is now a seven story affair. He also says the prices for the units will start upward of $140k.

The Plain Dealer article written by Henry Gomez goes into a bit more detail about why A Place For Us pulled out of that location, feeling more confident in a different developer and deciding on a Lakewood Gold Coast site for their involvement. A rep from TEG is quoted here as saying it should be completed (the project) sometime next summer.

Both articles say the cost of the project is around $15 million. The PD article says the units will start at $150k. Well, I guess that is 'upward of $140k.' One good thing, it's a much lower price point than the usual $300k new construction we have been seeing. Peace Out - 3C

Loft Living In Cleveland

Have you ever thought about living Downtown or more importantly, living in a loft? For people who like open space in their homes, living a 'loft' lifestyle could be the way to go. There is an article in Crain's Cleveland today written by Zachary Lewis. He interviews a loft-dweller who just happens to reside in the Grand Arcade. His story is interesting because he aptly describes one cool aspect of buying a loft: designing your own space and being able to feel like it is truly created by you.

Some people may choose to try out 'loft living' as renters. The Bingham in the Warehouse District is a terrific example of apartment living for lofters (I just made up that word!) Browse their website and see for yourself.

Several true advantages to loft-living Downtown: close to transportation (leave your car at home, save gas, take RTA to the airport). Another advantage is all the natural beauty that surrounds you - great architecture, the lake, scuplture.

This is a fun article at Wise Geek who I believe is a Chicago resident. Cool take on loft living and lifestyles. Peace Out - 3C