Lofts on the 9 signs first retail tenant, yoga studio

Lofts on the 9 is filling up fast, at least the retail section of it. The downtown Ferndale development just signed its first tenant and is close to signing a second as the building gets ready to open its doors.

The ink is dry on the lease for Serendipity Yoga, which will occupy 1,600 square feet of the building's 5,500 square feet of ground floor retail space. The developer also claims an unnamed tenant is committed to a lease for nearly 2,000 square feet.

"We have a very interested client," says Adam Wolfson, sales broker for Lofts on the 9.

Serendipity will open soon after work on the building is finished, which shouold be around Thanksgiving. Residents will begin moving in soon after.

The development is on East 9 Mile Road just east of Como's Restaurant and across the street from the Ferndale Public Library. Construction began in earnest earlier this year.

The 4-story structure features units that are priced from $149,000 to the mid $400,000s. They range in size between 500 and 2,100 square feet, however, the 2,100-square-foot loft can be expanded up to 2,700 square feet by adding a rooftop deck. Each unit comes with a ground floor parking spot next to the building.

The group of developers behind the Lofts on the 9 project also built the Troy, Main and Center street lofts developments in downtown Royal Oak.

For information, call Wolfson at (248) 336-9600 or at (248) 535-4900.

Source: Adam Wolfson, sales broker for Lofts on the 9
Writer: Jon Zemke
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