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You are here: Home / News / Detroit / Lafayette West Development Secures Loans

Lafayette West Development Secures Loans

December 27, 2021/in Detroit /by Tracy Willis

The long-awaited Lafayette West development on a former Wayne State University pharmacy school building site is expected to be vertical in the first quarter of 2022. The developer snagged two loans totaling $52 million. The project will include more than 300 units of housing, either for-sale or for-rent. Excavation and back-filling began in October, readying the site for a 35-unit condo and a 102-unit apartment buildings. The buildings are expected to be occupancy-ready by the second quarter of 2023. Construction on the remaining 53 condominiums and 132 apartments is tentatively scheduled to begin in early 2023.

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Tags: Detroit, Multifamily, Rental, Residential

https://mirealestatenews.com/wp-content/uploads/2020/12/Michigan-Real-Estate-News-300x300.png 0 0 Tracy Willis https://mirealestatenews.com/wp-content/uploads/2020/12/Michigan-Real-Estate-News-300x300.png Tracy Willis2021-12-27 07:30:182021-12-26 21:34:33Lafayette West Development Secures Loans

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