Retail grows at Plymouth Green Crossings

Wednesday, February 4, 2009 | Source: Concentrate

Businesses are snatching up leases in Ann Arbor's Plymouth Green Crossings and now the developer is working to make that possible for people who want to live there, too.

About two-thirds of the 24,000 square feet of ground-floor retail space is occupied. Sweetwaters Coffee & Tea and Umi Sushi recently joined Olga's restaurant, Ink Stop and Fifth Third Bank in the development on Ann Arbor's northeast side.

The development's location on a 10-acre parcel of land at Plymouth and Green roads between U.S. 23 and the old Pfizer site has played a key role in making that success possible. It is within a few driving minutes of downtown Ann Arbor, Domino's Farms, University of Michigan and the Toyota Technical Center.

"The retail portion is doing really, really well," says Julie Svinicki, real-estate agent for Plymouth Green Crossings.

Sales aren't going so well for the 23 lofts above the businesses in the development's two main 3-story buildings. The development began sales just as the real-estate market started to crash and credit lines began to crunch. So even though there have been offers on some of the units, none have sold.

That has prompted the developer to look at switching the development from for-sale to possible for-lease or a combination of the two. Other high-end developments in Metro Detroit have also made the switch, including The Fifth Royal Oak high-rise and The District Lofts in Birmingham.

The lofts range in size from 1,400 to 1,900 square feet and will be elevator accessible. Those units come with amenities such as open floor plans, balconies and storage space. Each unit will have access to a detached garage with attic storage space above the carport.

Plymouth Green has a number of environmentally friendly features. Six of the project's 10 acres are devoted to open green space. The units also include green amenities, such as bamboo floors, Freon free AC, carpet made from recycled material, Low-E windows and Energy Star appliances.

For information on the project, call Svinicki at (734) 358-7700.

Source: Julie Svinicki, real-estate agent for Plymouth Green Crossings
Writer: Jon Zemke