X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DETROIT-City officials recently approved a land sale for a proposed mixed-use multifamily and single-family housing project. The Detroit planning commission recommended approval of a plan by developer Joseph Palazzalo of JCT LLC to buy property on Dickerson and Emerson Avenues for Town Square.

The company wants to build more than 80 attached condominiums and single-family homes within the Jefferson-Chalmers Neighborhood Development Project area, bounded by E. Jefferson Road.

The commission approved a rezoning of the property from residential and commercial to a planned development zoning. The developer also plans to construct more attached condos and single-family homes in the area surrounding the land proposed to be rezoned.

The city will sell land to the company for $663,000.

Plans include 13 three-story townhouses with attached garages, and 74 units of apartment-style condos on the former site of Keating School. Fourteen single-family homes would be built on the west side of Emerson Street.

The multifamily homes would cost from $160,000 to $200,000, and the single-family homes would cost $170,000 to $290,000. The developer agreed to match the pricing, size and style of the proposed homes with the target market and the desired neighborhood environment. He is allowed to begin work on the condominiums.

This project and the anticipated future developments represent one of the first major infill housing projects encouraged by the city, planning department officials say.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. APARTMENTS Fall 2021Event

Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.