Opus Group Breaks Ground on 13-Story Luxury Housing Building in Ann Arbor
- May 14, 2014
Minnesota-based Opus Group and private investor Dennis Tice, who owns the Pizza House in Ann Arbor’s South University District, have teamed up to develop a new student housing high-rise near the University of Michigan campus.
Construction at ArborBLU is scheduled to break ground on May 15, roughly five months after the Ann Arbor Planning Commission and City Council approved the partnership’s plans to build a 13-story apartment structure atop the two-story restaurant which is located at 618 Church Street. As reported by MLive.com, two adjacent low-rise buildings—located at 624 Church Street and 1117 Willard Street, respectively—will be demolished to make room for the 83,807-square-foot residential tower.
Marketed as “University of Michigan’s newest luxury student housing” building, ArborBLU will be ready for occupancy in August 2015, just in time for the fall semester. According to Opus, the project was designed by J. Bradley Moore & Associates with Opus AE Group, LLC serving as the architect of record.
Estimated to cost around $17 million and projected to achieve LEED Silver certification, the luxury tower will have 123 urban loft-style apartments totaling 232 beds, offering a combination of one-, two- and three-bedroom units. Amenities at ArborBLU will include a fitness studio on the second floor, study space, a rooftop lounge, bike storage, Wi-Fi access, in-house tanning and free 24-hour delivery from Pizza House.
MLive.com also reveals that Opus and the Ann Arbor Downtown Development Authority negotiated a parking agreement that will allow tenants and a number of Pizza House employees to use nearly 50 spaces from the parking garage on nearby Forest Avenue which is jointly owned by the city and the University of Michigan. According to Ann Arbor’s policies, the developer is allowed to lease parking spaces in the public garage for an initial period of 15 years followed by three five-year extension options.
Click here for more market data from the Detroit area.
Rendering of ArborBLU courtesy of The Opus Group