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Ann Arbor Takes Steps Toward a More Walkable Neighborhood

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Ann Arbor real estate developer, Oxford Companies, plans to build a new apartment building on Ann Arbor’s south side. The space is currently used as parking for its main office. No timeline has been set for construction. The development endeavors to create a more walkable and livable neighborhood. The 226-acre area may potentially be rezoned to allow new buildings up to 300 feet which will develop a high-density and mixed-use area to create a downtown environment. The proposal would require the rezoning of 69 properties, including those around Briarwood Mall.

 

 

Grand Rapids Management Company Plans More Affordable Housing

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Grand Rapids-based property management company Eenhoorn LLC purchased a mixed-use building with 235 market-rate apartments in downtown Grand Rapids. The $50.7 million building includes shared amenities such as a courtyard, fitness center, parking garage and retail space. Eenhoorn is working closely with the city to reserve up to 20% of the units for tenants earning between 80-90% of the area median income. The company hopes to address the housing gap for wage earners who are priced out of high quality units in low income housing projects and full market rate apartments.