These areas are already mostly built-out. The Downriver area isknown for its industrial plants, and surrounding homes for workers.The condominium projects would be the first new homes in the area,says Patrick O'Leary, president of Hometowne.
"The areas are very populated already, we're building what wewould consider major in-fill properties," O'Leary tellsGlobeSt.com. "There's not been a lot of new housing for quite awhile. We think there's a pent-up demand for those who want a newhome."
The first project is Parklane Townhomes in Woodhaven. Thecompanies recently began building Parklane, a $30-milliondevelopment with 198 units on just more than 16 acres. The unitswould average about $150,000 for about 1,300-sf of space.
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