The River Lofts project in downtown Mt. Clemens is hitting the third act in its development life. Construction is finished, the new residents have moved in and most of the units have sold.
Developer Ted Schollenberger, also chair of the Mt Clemens Downtown Development Authority, just needs to sell the last 10 units to close out the project on 98 N. Gratiot Ave.
"They're basically completed but without the finishing touches," Schollenberger says.
The units range in price between $149,000 and $350,000. They have open floor plans and range in size from 950 to 1,400 square feet. The lofts have 17-foot ceilings, access to the Clinton River, a heated garage, optional fireplaces views of the city and Clinton River.
This is the later stage of Schollenberger's development formula: He buys an underutilized building with a large parking lot, restores the building to residential status then builds new lofts on the parking lot area. The River Lofts project started with a VFW hall. The current units are new construction on property adjacent to the original building.
He is doing the same thing with The New Street Lofts, which was an old downtown church.
For information, call (586) 206-3270.
Source: Ted Schollenberger, developer of the River Lofts
Writer: Jon Zemke
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