Cost overruns caused the Ann Arbor development to stagnate last summer

An infusion of new investment monies has allowed the Upland Green Project to resume construction this week.  Situated near the University of Michigan’s North Campus, location and healthy existing leases were the main reason investors jumped in to save the project.  Qdoba and Panera Bread leases still remain in place.  The 30,000 sqft project will also house 20 residential and office condo units.

Developer Bill Conlin had worked with the new investors on past projects which helped to seal the deal.  Harold Bergquist, Jim Jabara and Jeff Meek are all part of the investment team.  All involved are excited about the location and the potential for a great condo market.  Despite the construction overruns and delays, the investors are quite confident that once finished, the project will have a quick sellout.  Currently the project is almost 70% complete.  Condo prices range from $125,000 to $325,000

Please contact Kathy Toth and Team for More information about Ann Arbor real estate and development and available opportunities in Upland Green.

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