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Maurer family takes on 3 more rehabs in downtown Ypsilanti
Thursday, April 29, 2010
| Source:
Concentrate
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The dynamic historic preservation duo of
Eric and Karen Maurer
are at it again in Ypsilanti. This time the couple has bought three more foreclosed and neglected
downtown
storefronts with grand plans for revitalizing them into mixed-use structures filled with people, businesses, and jobs.
Excerpt:
The Maurer family
empire
is now three more addresses strong after buying 120, 122 and 124 W Michigan Avenue in downtown Ypsilanti.
Eric and Karen Maurer
are two of Ypsilanti's biggest landlords, buying and rehabbing a number of historic structures into apartments and retail space. This latest purchase of three foreclosed commercial buildings expands the couple's holdings to seven downtown storefronts, including the Mack & Mack and
Kresge
buildings that now house the
Ann Arbor SPARK East
incubator and
J Neil's Mongolian Grille
, respectively.
The Maurers plan to rehab their latest acquisitions into loft apartments on the second and third floors, ground floor retail space and some basement office space. That will mean a dozen new loft apartments and room for three separate storefronts.
Read the rest of the story
here
.
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Related Tags
Downtown Living
,
Green Building
,
Historic Sites
,
Real Estate
,
Redevelopment
,
Retail
,
Sustainability
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