A visionary project that will turn 93 reused shipping containers into housing units has achieved some important milestones.
The project, called Exceptional Green Living, will be located at the southeast corner of Rosa Parks and Warren in Woodbridge. The much buzzed about development is moving ahead, having just received unanimous approval to proceed from Detroit City Council and secured initial predevelopment funding.
Next up for The Power of Green Housing, the project developer, is to raise the remaining $200,000 in predevelopment funding, build a model home, prepare condo documents, pull permits, pour the foundation and purchase the shipping containers. If all goes well, partner Leslie Horn is aiming for a spring or summer 2010 grand opening.
Exceptional Green Living will consist of 17 units ranging from 850 to 1,900 square feet that will sell for approximately $140 to $145 per square foot. The "green living" moniker applies not just to the reuse of shipping containers, but to a myriad of green building techniques: tankless water heaters; exterior paint with an additive developed by NASA that increases insulation; radiant floor heating; and, possibly, a green roof.
Horn says that, beyond predevelopment funding, there is $2.2 million in corporate portfolio funding for the project that can be approved after the team secures a $1.5 million first-position loan, hopefully in November. They have generated interest in seven pre-sale units.
Writer: Kelli B. Kavanaugh
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