The recently completed Ashley Terrace Condos Video in Ann Arbor are weathering the economy with a vacancy rate in the low 30% range.  Developer Joseph Freed and Associates expected more like 10% vacancy at this point, but with the current state of the market they are happy where they’re at.  Ashley Terrace is a 99-unit condo building in downtown Ann Arbor.  Many of the units offer incredible views over the city from their balconies.  Sales at Ashley Terrace have picked up since May of this year.  Buyers represent many genres but most seem to be empty nesters buying kiddie condos for their University of Michigan students.

Click any of the units below to see the floorplans and details for that specific unit:

In comparison, Liberty Lofts – another Ann Arbor Condo development, took nearly two years from completion to sell out.  Ashley Terrace welcomed its first residents only seven months ago.  Developer’s are optimistic about the downtown Ann Arbor condo market and expect sales to continue at a steady pace.  Retail and office space at Ashley Terrace is currently about 50% committed by letters of initial intent.   To search for all Ann Arbor Condos, click here.

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