ULI Members Celebrate “Mod Drop” At The Corner
It was a bright, sunny day this September, when ULI Michigan joined forces with Larson Realty Group to host a watch party to view Detroit’s first-ever modular home “drop” at the mixed-use development property, The Corner, located at the intersection of Trumbull and Michigan Avenue, the former site of Tiger Stadium. More than a hundred members of the real estate community watched a crane lift a section of an apartment unit and set it into position on the second story.
The innovative modular construction technique is taking hold in developments across the country, and we are excited to see the trend come to life in Detroit. The modular housing units were manufactured in a controlled environment and delivered to the site with interiors fully complete and ready to be stacked into place. The method dramatically cuts down construction time—what would normally take 16-18 months will now take 8-10 months.
The property will feature 111 residential units and 26,000-square-feet of commercial space. The complex will offer studio, one bedroom and two-bedroom apartments with prices starting at $1,100 per month, with twenty percent of the units being held as affordable housing. The development is expected to open in February of 2019.
Read more about the city’s first-ever “Mod Drop!” and other ULI Michigan news here.