Ann Arbor riverfront development names builders for condominiums

Two metro Detroit-based residential development companies are teaming up to build the housing component of a proposed mixed-use development in Ann Arbor near a new 7-acre riverfront public park.

Hunter Pasteur Homes of Farmington Hills and South eld-based e Forbes Co. have been tapped up to develop more than 90 condominium units at the proposed Broadway Park West in Ann Arbor’s Lower Town community along the Huron River and north of the city’s downtown, according to a Tuesday news release.

e residential component, which is expected to break ground early next year, accompanies a broader mixed-use project that started in January. e overall development consists of 14 acres of former DTE Energy Co. property around Broadway and Depot streets near the train tracks. It has been in the works since well before the COVID-19 pandemic began in early 2020 and is ultimately envisioned to include condominiums, hotel and commercial space.

Detroit-based development company e Roxbury Group is master developer for the project and enlisted Hunter Pasteur and Forbes, according to the release.

“We are really thrilled to have a team of the caliber of Hunter Pasteur and Forbes leading the residential aspects of this project,” Roxbury Principal David Di Rita said in the release. “ eir expertise, attention to detail and deep market knowledge will ensure that the residences at Broadway Park are second to none in the city, and a welcome addition to the Lower Town community.” e planned condos will be one-, two- and three-bedroom units, including penthouses and townhomes, with unit sizes ranging from 780 to 2,700 square feet. e residences will be built in four buildings along a newly created River Street, which will front along the public park, the centerpiece of the development, the release stated. e overall site has already secured a Brown eld Tax Increment Financing plan that was approved by the Washtenaw County Browneld Authority and city of Ann Arbor, aimed at helping the overall development cover the cost of remediation, geotechnical work and parking.

A proposed development cost and planned sales prices for the condo units were not made available.

“ e setting for this project, along this beautiful stretch of the Huron River creates a rare opportunity to create a truly remarkable residential experience in Ann Arbor,” Seth Herkowitz, partner at Hunter Pasteur, said in the release. “ e park and the close proximity to everything Ann

Arbor has to o er will make this a one-of-a-kind opportunity for home buyers in the region. ere simply won’t be anything else that can match it.”

Amenities for residents of the condos include co-working space, a large tness center, covered parking with ample electric vehicle charging stations, and food and beverage establishments, according to the release.

“We really are trying to create a unique buying opportunity in the for-sale condo market,” Brett Yuhasz, vice president of construction for Hunter Pasteur Homes, said in the release. “We wanted to make sure the living spaces share in the exceptionality and desirability that the overall Broadway Park West development will o er.” e Roxbury Group will also be responsible for development of the hotel and retail amenities, which will be announced at a later date.

— Crain’s Senior Reporter Kirk Pinho contributed to this report.

Contact: nmanes@crain.com; (313) 446-1626; @nickrmanes