Construction finishes up at District Lofts in Birmingham

Work is starting to wrap up at The District Lofts in Birmingham.

So far, 18 of the development's 24 units are finished and 16 of those are leased. The rest are expected to come online by the end of the month.

Those units command rents that start at $2,700 a month for a 1,550-square-foot loft, including utilities and an underground parking space. The pricier ones go for $3,400 a month for just under 2,000 square feet.

The development started out as a for-sale project with starting prices of $400,000. Unfortunately it hit the market as real-estate prices were crashing and credit was crunching, prompting the developer, J.C. Cataldo, to make the switch to rentals. A number of other prominent luxury developments like The Fifth Royal Oak and New Street Lofts in Mt. Clemens have also gone rental and enjoyed success.

The District Lofts consists of a 4-story, mixed-use building where the homes are located above ground floor retail space and an underground heated parking garage. They are a few blocks east of downtown Birmingham on South Eaton Street.

The development is in the heart of the city's Rail District, an old industrial corridor where old factory buildings are being converted to lofts and businesses. A stop for a northern extension of the Detroit-Ann Arbor commuter rail line is also planned for the area.

For information on the development, call (248) 593-6000.

Source: J.C. Cataldo, developer of The District Lofts
Writer: Jon Zemke

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Construction finishes up at District Lofts in Birmingham

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