Ann Arbor Student Housing Sees Another Potential Building Site
Zaragon, developer of the Zaragon Place student project on East University, recently closed a deal to purchase the old NBD Bank Building and 0.32 acres at the corner of William and Thompson streets. Although yet unconfirmed, the old bank site may become another Ann Arbor student housing project. Zaragon believes the Ann Arbor real estate market is primed for well-built, designed and located student housing.
Many similar projects are currently on the Ann Arbor development outlook:
- The 4Eleven Lofts at Division and Washington
- 601 Forest planned for the corner of
- South University and Forest
- 425 E. Washington
- North Quad on State Street
- A North campus project on Plymouth Road
Most developers believe the student housing market is strong enough to absorb all this activity. As more of these projects get completed and “go to market” additional insight will be gained. Zaragon Place is scheduled to be opening next spring with 248 beds. According to representatives pre-leasing activity is hot right now.
 |
FREE MLS Search – View Current Homes for Sale Search the local Ann Arbor MLS and find the homes for sale in your desired area. Stop looking through 3 different papers, get the whole Ann Arbor homes list here for FREE. Plus receive daily updates via email, for any new listings. All for FREE – no strings attached! |
 |
Find Out the Value of Your Ann Arbor Home Get an over the net estimate of how much your Ann Arbor home is worth – FREE! We search the local MLS, along with data the public does not have access to, and find out how much your home is worth in current market conditions. |
Search all listings in Michigan with pictures and tours…Free!
Kathy Toth & Team: Ann Arbor Area Real Estate Experts
Keller Williams Realty
Listen to this post
You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.
October 30th, 2008 at 10:54 PM
[...] Ann Arbor City Council has finally approved the 601 Forest project, well part of it anyway. The original plan contained 26 stories, 1,100 beds and 342 units. The [...]
November 30th, 2008 at 7:37 PM
[...] has been on the decline and the university is keen to meet changing demands with more flexible Ann Arbor student housing options. Four other all-women dorms will remain: Betsy Barbour, Helen Newberry, the Martha Cook Building [...]
August 5th, 2009 at 7:53 AM
[...] the school system, local businesses, and banking representatives. They believed that high school students could, with proper supervision and assistance, build a quality [...]