Zaragon Place opens doors in Ann Arbor's downtown

Wednesday, May 13, 2009 | Source: Concentrate

Ann Arbor's newest mid-rise --Zaragon Place-- is now open for business. The first tenants moved in earlier this month.

The 10-story building features 66 apartments in 100,000 square feet. The apartments sit above ground-floor retail space and about 40 underground parking spots on 619 East University, just north of East Quad. The new housing development is targeting students attending the University of Michigan's Central Campus across the street.

"Everything has gone great," says Rick Perlman, developer of Zaragon Place. "Leasing is going great."

Zaragon Place is one the first in a new crop of luxury high-rise living options for students and young professionals in downtown Ann Arbor. 4Eleven Lofts recently opened at Division and Washington streets. A number of other projects are on the boards, too, including 601 S Forest and the University of Michigan's North Quad at State and Huron streets.

Chicago-based Zaragon demolished the historic Anberay Apartments in 2007 to make way for Zaragon Place, originally called Zaragon Place Lofts. The 1920s-era apartment building housed 23 apartments in a classic U-shaped, Art Deco-style building. Students at the University of Michigan fondly called it Melrose Place.

Source: Rick Perlman, developer of Zaragon Place
Writer: Jon Zemke