The Milford Village Council has approved a $22-million, high-end development on the former Iverson’s Lumber site. DevMar Development has been given the go-ahead to build its two luxury loft apartment buildings on the E. Huron Street property.
Named the District Lofts, the luxury apartment community divvies 100 luxury apartment units across two four-story buildings. The site is the former Iverson’s Lumber property located at 300 E. Huron St. Four acres and a block east of Main Street, the site has been vacant for some time.
In addition to 13 penthouse apartment units at 1,350 square feet each, the development mostly consists of one- and two-bedroom loft-style apartment units ranging anywhere from 850 to 1,350 square feet. Units rent at prices from $1,300 to $2,000 per month.
DevMar Development principal Mark DeMaria praises downtown Milford in a statement to the press.
“Milford has a vibrant downtown with a wide selection of entertainment, restaurants and shops,” DeMaria says. “When I look for a location to develop, I look for walkable communities with a nice mix of retail, entertainment, outdoor recreation, and great dining experiences; add to that great events like Milford Memories and the concerts in the park that will give my residents a way to immediately become a part of their new town. Milford has all of that with access to five parks, walking trails, rivers and streams. It is a beautiful town.”
City officials like Milford Downtown Development Authority executive director Ann Barnette agree, saying that the development will improve downtown Milford’s walkability and sense of place.
DeMaria also says that typical tenants in his developments tend to be young professionals and empty nesters. DevMar Development has already begun a similar development in downtown Plymouth called the Starkweather Lofts.
District Lofts will be located at 300 E. Huron St. in downtown Milford.