First residents move into The Mark in downtown Ann Arbor

The first residents of The Mark are set to move into their new homes in downtown Ann Arbor later this week, and more are looking to buy into the condo development every week.

"I still get calls for this building," says Betsy de Parry, vice president of sales & marketing for The Mark. "I have gotten two this week. It's not a surprise but a good indicator for demand for downtown condos."

That's interesting because all seven of the development's condos sold out before the first shovel went into the ground a year ago.

Downtown living in Ann Arbor has been in high demand for a long time. That's why Betsy and Alex de Parry of Ann Arbor Builders knew they had a winner when they saw the chance to redevelop a piece of land on the western edge of downtown Ann Arbor in 2014. They closed on the circa-1960s Liberty Car Wash before the end of the year and started building at 318 W Liberty St, across the street from Argus Farm Stop, the following spring.

In its place is a four-story building made up a series of townhouses. Each of the multi-level condos comes with a two-car garage and a private balcony. Five of the seven units have their own private elevator. Some of the units are two-bed, two-bath while the larger ones come in at three-bed and two-bath. The prices for these condos range from $550,000 to more than $1 million.

"All of the buyers really personalized their units to reflect their styles and tastes," Betsy de Parry says.

The rest of the new residents will be moving into The Mark and filling it out over the rest of this summer.

"We will be doing this gradually over the next month," Betsy de Parry says.

Source: Betsy de Parry, vice president of sales & marketing for The Mark
Writer: Jon Zemke

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