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DECEMBER 2017
 
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Does anyone remember when Peter talked about bridges over N. Main and nobody believed it would ever happen?  Well...looks like it will happen.  The above rendering is from the Draft Master Plan of the Tree Town Trail.  Our office and all of our managed properties are right next to a new multi-million dollar ADA ramp over the Huron River which will more readily connect N. Main to the neighborhoods and downtown.  Additionally, construction of a tunnel under the railroad near Depot St. that will enable non-motorized traffic to connect to the Border-to-Border Trail is also happening in May. We're looking forward to more connections to the river!
BALTIMORE STATION PHASE ONE
UNDER CONSTRUCTION IN DETROIT

 Contact us if you are interested in retail opportunities.
Dang (MBA '14) and Myles (MUP '14) with me on the ground floor (or what is left of it) of Baltimore Station.  Thanks to Monhan Construction for keeping us safe, on time, and on budget (it IS on budget, right?)

1500 SF at the FIAT Building & 
2500 SF at the Riverfront Building
Available for Lease on N. Main

  SEE OUR WEBSITE FOR MORE INFO
Call for a showing 734.996.8822
Inside Jessica's Apothecary on Fourth Ave. Voted Best Facial/Skin Care by Current Mag. 5 years running
A client of ours, Jessica's Apothecary, is looking to expand into the Detroit market.  If you know of 1500 SF or so in the New Center, Midtown, Milwaukee Junction area please contact us.

FORMER LAKE TRUST HEADQUARTERS BEING REDEVELOPED BY LOCAL FIRMS

Rendering of New Development
(Above) Rendering of the proposed new development

For two years ee have been working with Lake Trust Credit Union developing a redevelopment strategy for their former headquarters in downtown Lansing. This opportunity came out of our work for the MEDC helping Lake Trust figure out how to leverage their former headquarters site into a mixed-use development.  At our recommendation the site was rezoned to allow high-density mixed-use development and marketed to local and national developers. Even before marketing the site, we tried to remove as many risks and unknowns for redevelopment.  Instead of thinking like brokers, we thought about what we as developers would want as part of a marketing package and it paid off.  We had four developers submit purchase agreements within 4 months.  We are happy to announce that the Forsberg group, who is allied with Westpac and Dymaxion Development, won the bid and we plan to close in January. They have an ambitious but doable plan to add hundreds of new units of housing and tie this site to the excitement going on Downtown and REO Town.   We've never been more excited for Lansing.
Over the last 6 months we worked with Emily Duffelmeyer, owner of Jean Jean Vintage, to find her a brick & mortar home for her growing online shop in Lansing, Michigan.  After searching high and low we ended up finding a beautiful 1930s deco building in the up and coming REO Town. After months of negotiations and revisions to the build out plans both parties could sign with confidence.  Before Thanksgiving Amberfield Investments and Jean Jean Vintage inked their new relationship and broke ground on the build out this past week. Congrats Sam and Emily!
(SORRY IN ADVANCE FOR THE ALL THE CAPS BUT...)
THE FIRST COFFEE SHOP ON NORTH MAIN OPENED THIS SUMMER!!!!!! 
This is the hopefully the first of more much needed retail coming to N. Main.
Stop in for a freshly pulled cappuccino and for say "hi!" to Keelan and Dave!
Pictures above of a magical weekend-long party in October in Lakeside, Michigan with some of favorite friends,lots of family, and a Armenian folk band to top it off.  

A few years ago Doug met Lauren Naimola while helping her business, Dear Golden, find retail space in Ann Arbor.  After (!) she found her dream spot on 4th Aveune Doug and Lauren went on their first date.  The rest is history...here's to real estate helping people fall in love.
It's that time of year again: Hygge drinks, reflective walks in moonlit woods and hopefully some family time eating panettone and reveling in the awesomeness of the season.
  
Wishing you a great holiday season and an abundant New Year.  

Doug, Peter & Sally
Peter Allen + Associates knows real estate. From consultation on real estate values and emerging trends to property management, selling, leasing, and tenant/buyer representation, we have the expertise and experience in Ann Arbor and beyond to help you leverage your property prospects to their full potential. Take a look at our full services and then get in touch! Give us an hour and together we'll find best solutions to all of your real estate needs.

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