The first resident moved into Urbane on Adams, the newest offering from Urbane Apartments.
The Royal Oak-based property manager recently turned what was once a foreclosed old folks home into a 42-unit apartment building geared toward young professionals. Urbane Apartments specializes in turning old apartment properties in vibrant downtown areas into luxury dwellings for young people.
“We’re staying at a pretty high occupancy,” says Eric Brown, co-founder of Urbane Apartments.
He does concede that his 14 properties are feeling the effects of the economy and people losing their jobs. However, Urbane Apartments is also seeing an influx of people temporarily moving into Metro Detroit for jobs. The company offers a freedom lease that lets tenants sign a month-to-month lease with a refundable fee, which is a key factor in attracting this business.
Urbane on Adams is on Adams Street, just north of Birmingham’s Rail District. It will consist of 42 luxury one-bedroom rentals and a 2,000-square-foot club house-turned-office space. Brown plans to create a co-working space in the club house, which should be available later this fall.
Source: Eric Brown, co-founder of Urbane Apartments
Writer: Jon Zemke