Kerrytown Place developer submits site plan for 19-unit condo project on North Main
A rendering of the proposed Kerrytown Place project shows two of the three proposed buildings viewed from North Main Street.
Rendering by Robert Latsko
Making official his plans to build a 19-unit condominium project on North Main Street, Ann Arbor developer Tom Fitzsimmons submitted a site plan to the city of Ann Arbor last month for Kerrytown Place.The roughly $10 million project proposed for 414 N. Main St. consists of a three-story, nine-unit townhouse building fronting North Main, a four-story, eight-unit townhouse building along the mid-block alley, and a two-story, two-unit townhouse building fronting North Fourth Avenue.
Submitting a site plan is part of the city’s multi-step approval process. Ann Arbor’s Design Review Board reviewed the plans in February, and then Fitzsimmons held a citizen participation meeting in March.
An overhead view of the Kerrytown Place project shows the two larger buildings with a shared courtyard in the middle and the smaller Fourth Avenue building to the east. The project is surrounded by residential and commercial uses.
Rendering by Robert Latsko
Next, the plans will go before Ann Arbor’s Planning Commission followed by City Council for approval.
“The target market for this development is young professionals and empty nesters desiring convenient housing close to the Kerrytown, the downtown and the university. This project is ideally positioned to meet this need,” the application says.
“In general, the improving housing market has resulted in an increased demand for the type of housing proposed for this site. In addition, the market housing convenient to Kerrytown and the downtown has proven to be particularly strong,” it continues.
Fitzsimmons, owner of Huron Contracting LLC and the developer of dozens of Ann Arbor homes and condos, purchased the North Main Street property for $610,200 at a tax foreclosure auction last year. The project replaces what originally was planned for the site in 2006: an 11-story, mixed-use building called The Gallery.
The portion of the development facing Fourth Avenue is a three-story duplex building.
Rendering by architect Chris Allen
All of the condos will be marketed for sale, and Fitzsimmons said the prices for the condos could run from $300 to $325 per square foot. Because they’re different sizes, prices could range between $400,000 and $1 million.
The upper levels have balconies and there is a shared courtyard between the two larger buildings.
Parking is provided in the basement of the buildings and under a second-level overhang, and each unit would include two parking spaces. The property has an easement with neighbor McKinley Inc. for 57 parking spaces, which was agreed upon when The Gallery project was proposed.
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Lizzy Alfs is a business reporter for AnnArbor.com. Reach her at 734-623-2584 or email her at lizzyalfs@annarbor.com. Follow her on Twitter at http://twitter.com/lizzyalfs.
Comments
hotpants
Mon, Apr 22, 2013 : 5:28 p.m.
I keep on reading these news stories about how housing geared towards young professionals are being built, which is awesome. But then I read how much they are going to be sold for: $400k to 1 million. Um, explain to me how a young professional is supposed to afford this? And how is this supposed to convince me to stay/live/work in Ann Arbor?
youngARTIST
Wed, Apr 24, 2013 : 12:35 a.m.
@hotpants Great Point. When they say young professional, they must be talking about CEO's that are under 30 or lawyers and doctors that are 40. (As we all know, 40 is the new 20). As a young professional in the financial sector i could never afford something like this, my mother is an old professional making low six figures and she probable couldn't afford this either.
JRW
Mon, Apr 22, 2013 : 4:25 p.m.
Million dollar condos? Get real. The condos in the "back" row have a zero view, looking directly into the back of the other building. Oh, that's right. Those are only $400,000 each. Glad to see affordable housing is being built in the center city.
GratefulReb
Mon, Apr 22, 2013 : 5:12 p.m.
Affordable housing doesn't fix our roads. A2 needs more tax revenue.
GratefulReb
Mon, Apr 22, 2013 : 3:18 p.m.
YES! Break ground tomorrow. Then head a little further north on Main and tear down the shuttered houses, summit party store and the shack across from wally's crawlers.
Larry Ryan
Mon, Apr 22, 2013 : 2:35 p.m.
Veracity: Just to clarify: The DDA is paying for PUBLIC parking spaces in a private development where the old parking structure stood on Wash. and 1st. They are not paying for any private spaces. This looks like a fine development, the more housing downtown the better. Lots of people want to live there.
Veracity
Mon, Apr 22, 2013 : 12:04 p.m.
Certainly the three story buildings will have less impact on the skyline than the previously proposed 11-story development. I hope that the city does not offer to help pay for constructing parking facilities like the DDA has done recently. And I hope that the city does not give away TIF payments that will assist in maintaining its balanced budget.
DJBudSonic
Mon, Apr 22, 2013 : 12:02 p.m.
Finally some development that is in proportion to the neighborhood where it stands. Thanks for this, even if it reminds me of Birmingham.
Brad
Mon, Apr 22, 2013 : 11:53 a.m.
Where'd the other comments go??
Kyle Mattson
Mon, Apr 22, 2013 : 12:21 p.m.
Thanks for noting this Brad, I'll take a look into what happened.
Brad
Mon, Apr 22, 2013 : 12:05 p.m.
Seriously, there were four or five comments and all of a sudden there was one. Is your comment system running on Windows 95 or something? That might explain the inability to paste links with more than six characters.
Bob W
Mon, Apr 22, 2013 : 10:30 a.m.
Looks good.