Dearborn's Gateway and Horizon lofts nearly finished, leasing quickly

Thursday, July 10, 2008 | Source: metromode

Lofts are going fast in Dearborn's west downtown. Rental lofts, that is.

The second floor of the Horizon Lofts is finished and fully leased, even though the third and fourth floors are still under construction. The units on those upper floors, expected to finish by September, should also be fully leased before work is completed.

Nearby, at the Gateway Lofts project (which is supposed to wrap up in mid August) availability is also dwindling.

"The lofts are going pretty quickly," says Amer Zahr, leasing agent for both developments.

Gateway Lofts is on the southwest corner of Michigan Avenue and Military Street. The ground floor retail space and lofts above in the two-story building will be ready for occupancy at the same time.

The eight lofts will range in size from 1,100 square feet to 1,500 square feet. All of the units will be have one bedroom and a den. Prices of the rental units start at $1,000 per month and go as high as $1,550. Caliente Grille, a Mexican food restaurant, will open on the ground floor. There is enough retail space on the ground floor to accommodate up to four other businesses.

Horizon Lofts is at the corner of Michigan Avenue and Howard Street. It features 24 homes on the second, third and fourth floors of the four-story building. The rental units will range in size between 1,000 and 1,700 square feet. Prices for one-bedroom lofts will start at $1,300 a month while two-bedroom lofts will go for $1,900 a month.

The new construction building will also feature a fitness center and a roof-top deck. Free wireless Internet will also be available throughout both Horizon and Gateway lofts.

Horizon Lofts is above a mostly leased ground floor retail space. A Buffalo Wild Wings and Panera Bread opened in the building last summer. There is still 3,500 square feet of ground floor rental space available in the structure.

Source: Amer Zahr, leasing agent for Horizon and Gateway lofts
Writer: Jon Zemke