To paraphrase a famous line from the Underpants Gnomes episode of South Park:
Loft building in Royal Oak is big business.
Phase 1, build lofts.
Phase 2…
Phase 3, profit!
The Lofts@11 (www.loftsat11.com) project near downtown Royal Oak looks to have figured out Phase 2 because it is within selling one unit of starting its second and final phase.
So far, six of the 10 units in development's first phase, which is built, have sold. With one more sale the developer will be able to build the 14 lofts in the project's Phase 2. Lofts@11, 688 W. 11 Mile Road, is located a few blocks west of downtown Royal Oak where the old Kingswood Manor Motel once stood.
There are two types of lofts. The first style, the Garden Studio, has 1,120 square feet and comes with normal loft features, such as stained concrete floors and open floor plans. Those units are priced between $209,000 and $220,000. The other style, the Brownstone Loft, has 1,854 square feet and comes with luxury amenities, such as granite countertops. Those units range in price from $295,000 to $325,000. Every unit comes with a garage parking spot and an open air parking space.
For information, visit www.loftsat11.com or call Tom Barjack at (248) 291-8117.
Source: Tom Barjack, real-estate agent for Lofts@11
Writer: Jon Zemke
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