The Residence @ Montgomery Houze truly offers its residents an enriching urban lifestyle nestled in the Heart of Downtown Ann Arbor. Residents can enjoy within a moments walk the delicious restaurants on Main St., catch a concert in Kerrytown, view a new Indie film at the Michigan Theatre, or go shopping at one of the posh stores along Liberty & State St. Montgomery Houze is surrounded by the thriving Ann Arbor cultural scene that no other Michigan city offers.
Montgomery Houze Dining Room
Montgomery Houze Kitchen
Montgomery Houze Living Room
Montgomery Houze Balcony
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Located on West Adams between Clifford Street and Park Avenue and only two blocks west of Woodward, Briggs Houze will bring elegant and upscale urban living to the Foxtown Neighborhood. Residents will be able to enjoy dining options planned for the first floor, new dining experiences in the area, and much of downtown within easy reach that include entertainment venues, The Financial District, and Theater District.
Briggs Houze Lobby
Inside Briggs Houze Lobby
Briggs Houze Living Room
Briggs Houze Studio Kitchen
Briggs Houze Rec Room
The Exercise Room at Briggs Houze
Regis Houze offers 58 units mostly comprising of studio and one-bedroom apartments ranging from 500 to 800 square feet that will be fitted with new electrical, plumbing, heating/cooling, kitchens/appliances and flooring.
Amenities for the units will include valet service, room service, laundry room, recreation room and a ground floor restaurant that will serve the tenants and the surrounding area and only steps away from the new M1 rail transit system.
Below are renderings of the building lobby and unit living rooms:
Regis Houze Unit
Regis Houze Lobby
Regis Houze Unit Living Room
The metro Detroit commercial real estate market is abuzz about the possible sale and conversion of portions of the Fisher Building and the Albert Kahn Building.
Potential Bidders for Fisher and Kahn Buildings
High interest in the properties exists from experienced real estate development firms from metro Detroit and the East and West coasts. Small percentages of the properties could be converted into residential living space and, as identified by Crain’s Detroit Business, possible bidders for the properties may include:
- Fernando Palazuelo – owner of the 3.5 million square foot Packard plant.
- Dan Gilbert – Founder of Quicken Loans, Rock Ventures, and Bedrock Real Estate Services.
- HFZ Capital Group – NYC based real estate investment and development company.
- Roxbury Group – Detroit based real estate development firm.
- Princeton Enterprises – Bloomfield Township based firm headed by Matt Lester.
- GHC Development – NYC based real estate development firm.
Converting Space Into Livable Space
There are several opinions about the relative cost for converting the square footage of these buildings into livable space. Some estimates range between $100 a square foot to as high as $200 a square foot.
Joe Barbat, who’s firm Barbat Holdings, LLC, is re-developing a building attached to the Hotel St. Regis (64,000 square feet) estimates that redevelopment of either building could cost between $100 and $150 per square foot.
Demand for Livable Space Increases
With the New Center Area near these properties demand continues to increase for nearby housing from those who attend the College for Creative Studies, are employed in the local workforce at Henry Ford Health System, and in office complexes at New Center One and Cadillac Place.
Real Estate Development Heats Up…Outside of Detroit
The real estate development of unique properties is not just occurring in downtown Detroit. Properties around metro Detroit and in cities like Ann Arbor are being developed into livable space. One example is The Residence at Montgomery House which plans on being a boutique condominium right in the cultural center of downtown Ann Arbor.