The developer of this potential 600-unit housing project near the UofM Hospital is hoping for several million in tax incentives. It would bring much more density to the neighborhood if approved.
Quote:
Developer seeks tax incentives for $146M project near UM hospital
By Ryan Stanton | MLive
June 26, 2017
ANN ARBOR, MI - Plans for a $146 million redevelopment of a long-vacant site along Broadway Street and Maiden Lane are headed to Ann Arbor's Planning Commission for consideration. Before that happens, the city's Brownfield Plan Review Committee is considering an environmental cleanup strategy and a request by the developer for several million dollars in tax incentives.
Chicago-based developer Morningside Lower Town LLC is planning to redevelop the property at 1140 Broadway St.
The development, which includes two seven-story buildings and one six-story building, would add 600 new housing units just up the street from the University of Michigan Hospital. As proposed, it would include 530 apartments, 70 condos, 4,400 square feet of retail space and 573 parking spaces.
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The renderings presented in May have changed somewhat from earlier images shown in February. While the overall massing remains similar, some accent colors have been added and the surrounding streetscape shows more development:
February 2017:
May 2017:
Site Plan:
Images Source:
MLive