Just west of State Street and a block from the North Quad, four single-family homes are being offered for sale as a potential site for a new Ann Arbor student housing highrise. The current owner, Daniel Pampreen, owns about 50 other properties in town and was once a partner in the rising Zaragon Place student housing project. The Washington Street properties offer a true “walking-distance” location to the North Quad and U of M Central Campus.
Because U of M has gone without building new housing since 1968, there is a pent up demand for student housing. Enrollment has grown moderately since that time. Other Ann Arbor student housing projects being built in the area:
- The Courtyards – Plymouth Road near North Campus
- 4 Eleven Lofts - Corner of Division and Washington
- 42 North – near Maple Road
- 601 Forest – South University and Forest
- Zaragon Place – 619 E. University
The Washington Street properties, a combined 14,347 sqft of land are currently being offered at $4.875 million (approximately $339.79 per sqft).
Please contact Kathy Toth and team for more information about this opportunity.
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