The top nine floors of the 21-story 1001 Woodward Building will be converted into 72 fully finished luxury condos for purchase.
The developers are taking soft reservations, which means potential
buyers will be placed on a priority list to be contacted first when
sales begin. “There has been significant interest,” says Jason
Braidwood, vice president of asset management for 1001 Woodward.
“These are not lofts,” says Braidwood, “the interiors will be fully
finished.” The units will feature floor-to-ceiling windows, a new
entrance from Woodward, views of Campus Martius and one parking space
in the adjacent parking structure with direct access to the building.
The project did not seek historic designation, therefore the units
can be offered for purchase once finished. However, they did take
advantage of the Brownfield Tax Credit, Brownfield Tax Increment
Financing, Obsolete Property Rehabilitation Designation, Façade
Improvement grant, and it has Neighborhood Enterprise Zone status.
The units will range from one- to two-bedrooms available at 900 to 2,200 square feet. Sales are anticipated to start early 2006.
Source: Jason Braidwood, vice president of asset management for 1001 Woodward Office