New Center’s
Research Lofts have sold 15 units over the last three months, according to Georgette Johnson, the development’s media relations and marketing director.
Chadd Fox, a partner on the development, credits its success to its location. Near Wayne State, Tech Town, Henry Ford Hospital, and Woodbridge, all of which have seen substantial investment, Fox says, “We are in an emerging district right on the edge.”
He believes the substantial amount of investment and development going on around the Research Lofts is proof that the area’s resurgence is “independent of the auto industry,” and instead, is fueled by health care, technology and entrepreneurship.
The Research Lofts are located in the Crescent Brass and Pin Co. Building on Trumbull just south of West Grand Blvd. Its 38 condominium units are each completely unique and start at $140,000. Features include 15-foot ceilings, granite countertops and strict attention to preservation, including natural brick and original wood flooring. As an incentive to buyers, the developers are currently including cable and internet service, a laptop computer and a plasma-screen television in the cost of purchase.
Source: Georgette Johnson and Chadd Fox, Research Lofts
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