The State of Michigan approved a $3 million Homebuyer Mezzanine Construction Loan
to develop the
Willys Overland Lofts on West Canfield between Cass and
Second Avenues in Midtown. “The Willys Overland renovation is an
integral part of the city’s efforts to revitalize the entire downtown,
and we are pleased to be a part of this exciting project,” MSHDA
executive director Michael R. DeVos said. “By providing this loan, we
are demonstrating our commitment to the redevelopment and success of
Detroit.”
Willys Overland Lofts will consist of 75 units that will range in size
from 1,000 to almost 3,000 square feet and will sell starting from the
$170,000s. Selected condominiums will have private rooftop terraces,
ground floor units will have private patios, and all residents will
have access to a common rooftop garden.
Constructed in 1912 for Willys Overland Company, the building also
served as a dry goods store, a department store, and most recently, a
Detroit Public Schools warehouse. The project is being developed by
Midtown Development Inc. and DeMattia Investments II, LLC.
Source: MSHDA