Construction has begun on the loft redevelopment of the former
headquarters of the Detroit Candy Co., located on Gratiot at Jay near
Eastern Market.
“We’re finishing up interior demolitions and we’re going through the
permit process. We should have our final permit in hand next week,"
says Ryan Cooley, one of the building’s developers. The four-story
building will become four rental lofts.
The basement will be incorporated into the first-floor unit—“It’s a
really cool looking basement,” notes Cooley—creating a two-story 1,800
square foot space that they plan to rent for $1,200 a month. The
1,500-square-foot upper three floors will each be accessed by a private
elevator entrance and will rent for up to $1,500. “The views are
amazing because of the way the building is angled. The views from each
loft encapsulate the skyline of the entire city,” says Cooley.
Cooley notes the building’s “proximity to downtown. You can walk to
sporting events, it’s right there off the I-75 entrance. Obviously,
Eastern Market itself is the main appeal.” Cooley expects tenants to
start moving in this September; the project’s architect is BVH.
Source: Ryan Cooley,
O’Connor Real Estate and Development
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