Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ANN ARBOR, MI–Luxury loft apartments will soon replace the Eaton Corp’s manufacturing plant Downtown if a Chicago company has its way.

The Morningside Group has bought the five-story building for an undisclosed price, according to company officials. The 125,000-sf facility is located on a 2.2-acre site at 315 S. First St., between West William and West Liberty streets. A closing date has not yet been made public.

Morningside, which has a Royal Oak, MI, office, is a boutique firm specializing in urban mixed-use and multifamily developments. It is known more recently for the Main Place development in Downtown Royal Oak, a complex that includes both residential and retail space.

In May, Eaton, a Cleveland-based auto supplier, announced plans to close its local plant, which employs about 440 people.

A final hurdle includes Morningside’s obtaining city approval for the rezoning of the land to develop the condos. The company expects to submit plans in the next few months.

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


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.