Dearborn is seeing movement on multiple large-scale developments,
including the forme Montgomery Ward's, Gateway Plaza, and Dearborn
Village North.
Excerpt:
Nearby, on Michigan and Howard, is Dearborn Village North, the lower level of which is open for business. While Buffalo Wild Wings and Panera Bread have been open for months, a neighboring retail space is still vacant. Fakhoury said he is talking to a possible tenant out of Ann Arbor, but a lease has not yet been signed.
The lofts on top of the stores are still under construction, but even without a model apartment Fakhoury has received reservations for 15 of the 24 lofts.
Reception to the lofts, which range from $1,400 to $2,400 per month, has been positive, Fakhoury said. So far, reservations have been made by people outside of Dearborn, including individuals from New York, Chicago, Royal Oak and Birmingham.
"It just goes to show that when you offer the right product, you can attract different people," he said, adding a model should be complete within 45 days.
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