The Elton Park apartments on Michigan Avenue and Trumbull Avenue are moving along steadily since the May 2017 groundbreaking. Phase One of the project will bring 151 units to Corktown by the summer, mostly built on vacant plots and parking lots. Curbed Detroit checked up on the progress last week.
Developer Soave Real Estate Group told Curbed that the exterior of the Checker Cab Building on Elizabeth and Eighth Street is about 75% complete with windows to be replaced in late spring. The Crawford Building, on what was the Nemo’s parking lot, and The Robertson Building, behind the UFO Factory, will take shape in the next couple of months and rise five and four stories, respectively. Two more buildings on either side of the UFO factory will be a part of Phase Two.
The entire development will cost $45 million and create “more than 400 residential units and up to 30,000 square feet of retail space.” Twenty percent of the residential units will be set aside for affordable housing for people living at 80% of the Detroit area’s average median income of $53,000. The project sits across Trumbull Avenue from the freshly opened Corner Ballpark on the site of Tiger Stadium and could play a big part in the housing market if Ford successfully purchases Michigan Central Station from the Moroun family.
By Jared Hoffman
Research Associate, JMJ Phillip Group