Birmingham’s District Lofts complete second phase

The second wave of The District Lofts is hardly a tsunami, but it’s a welcome addition to the Birmingham’s emerging Rail District.

Eighteen
of the development’s 24 units are not only finished but almost all are
leased. J.C. Cataldo, developer of The District Lofts, recently
switched the development from “for sale” to “for lease” because of
market conditions.

It follows other prominent luxury developments like The Fifth Royal Oak and New Street Lofts in Mt. Clemens. Urbane Apartment’s redevelopment rentals in downtowns are going fast, too.

For-sale
prices in The District Lofts started at $400,000 before the switch.
Today rents start at $2,700 a month for a 1,550-square-foot loft. That
includes all of the utilities and an underground parking space. They go
as high as $3,400 a month for just under 2,000 square feet. The rest of
units are expected to be finished in March.

The development
consists of a 4-story, mixed-use building where the homes are located
above ground floor retail space and an underground heated parking
garage. They are a few blocks east of downtown Birmingham on South
Eaton Street.

The old industrial corridor is dotted with old
factory buildings that are being converted to lofts and businesses as
the city redevelops the neighborhood. A stop for a northern extension
of the Detroit-Ann Arbor commuter rail line is also planned for the
area.

For information, call (248) 593-6000.

Source: J.C. Cataldo, developer of The District Lofts
Writer: Jon Zemke