Residents begin moving into Mid-Med Lofts, two units immediately available

The Mid-Med Lofts have come a long way from a single brick facade that was shored up by wooden braces.

Construction has progressed to the point where one of the 36 lofts is occupied, two are  ready for occupancy and available for purchase, 12 are sold and nearly complete and 22 will be finished to the specifications of buyers once they are sold.

The project includes three retail spaces: Midtown Corner Cafe, a convenience store and a yet-to-open shoe store. Developer JB Peabody says that a large number of Detroit Medical Center staff walks by each day. "We get a lot of foot traffic, there's a good lunchtime crowd," says Peabody. "We have 25 people a day come through for a tour."

Because three exterior walls are new construction, the vast majority of Mid-Med is not a historic building. Despite the difficulty in executing a project of this magnitude, Peabody is glad to have undertaken Mid-Med. "Now this building will stand another 100 years," he says. "You have modern construction, but the façade is still heritage. It's pretty exciting to be a part of that."

Units range in size from 833 to 1,724 square feet and in price from $200,000 to $386,000. Peabody will reduce the price of units reserved by Sept. 30 by $30,000 to $60,000.

Mid-Med will host an all-day open house on September 20 in conjunction with Crain's Ultimate House Party. Contact 313-319-0443 for more information.

Read more about construction getting started at Mid-Med here.

Source: JB Peabody, Mid-Med Lofts
Writer: Kelli B. Kavanaugh