A stunning 25-story glass high-rise has recently opened its doors in downtown Detroit, offering panoramic views of the riverfront and city skyline. Dubbed "The Residences at Water Square," this lavish apartment building boasts 496 units and promises a life of unparalleled luxury. However, with monthly rents starting at a jaw-dropping $4,000 for a one-bedroom apartment, this exclusive residence is not for the faint of heart.
Setting a New Standard in Construction Pace
Mayor Mike Duggan marvelled at the impressive speed of construction during the ribbon-cutting ceremony. Completing a 25-story building in under two years without any public assistance is no small feat. Duggan exclaimed, "I have no idea how they did it, but it was a remarkable accomplishment."
The secret behind this remarkable pace lies in the use of innovative construction techniques, including standardized prefabricated concrete framing. Danny Samson, Chief Development Officer of Sterling Group, the firm behind the project, acknowledged the cooperation of their development partners and the city of Detroit for cutting through red tape and making this vision a reality.
A Haven for the Affluent
The Residences at Water Square are redefining the concept of luxury living in Detroit. Real estate insiders describe the asking rents as top of the market, with one-bedroom units on the upper floors commanding prices exceeding $4,000 per month. The model units showcased during the grand opening exude urban loft sophistication, complete with exposed ductwork, concrete ceilings, and 10-foot floor-to-ceiling windows.
According to Samson, leasing is already off to a promising start, with the first residents expected to move in very soon. While a full lease-up timeline remains undisclosed, he expressed optimism about the project's momentum, thanks to the strong appeal generated thus far. Sterling Group's commitment to the development and redevelopment of high-profile projects in Detroit has received accolades from the community and city officials alike.
The Residences at Water Square – An Oasis of Opulence
Let's delve into what this exclusive apartment complex has to offer:
- Size: Boasting 25 floors and standing at a towering height of approximately 300 feet.
- Units: Comprising 496 market-rate apartments, mostly featuring studio and one-bedroom layouts. The penthouses situated on the 25th floor offer the luxury of two bedrooms.
- Amenities: Lavish amenities include an all-season swimming pool with a wraparound outdoor deck, a rooftop terrace with outdoor furniture, grills, and a firepit, a state-of-the-art fitness center, 24-hour valet parking, a pet grooming station, bike storage facilities, and convenient access to the nearby People Mover station.
- Rent Levels: As mentioned earlier, the rents at The Residences at Water Square are at the top end of the local market in Detroit. For more details, visit Watersquareresidences.com.
- Development Cost: While the exact figures remain undisclosed, it is worth noting that no tax breaks or development incentives were utilized.
- Developer: The mastermind behind this architectural marvel is none other than Sterling Group, a leading Detroit-based firm with an impressive track record in the city's development scene.
- Architect: The ingenious architectural design is courtesy of Neumann/Smith, a renowned design firm.
- General Contractor: Colasanti Construction Services, renowned for their expertise in bringing visions to life.
A Beacon of Hope in Detroit's Renaissance
The Sterling Group's commitment to Detroit's revitalization has been unwavering. They have spearheaded numerous high-profile development and redevelopment projects in the city, contributing to the ongoing renaissance. From the stunning 20-story Huntington Tower to renovations at the Marquette Building and the Guardian Building, their mark on Detroit's urban landscape is unmistakable. Moreover, their co-development of the Amazon Fulfillment Center at the former Michigan State Fairgrounds further showcases their dedication to the city's growth.
The Residences at Water Square epitomize a new era of opulence in Detroit. With breathtaking views, impeccable design, and a suite of luxurious amenities, this high-rise promises an extraordinary living experience. While the price tag may be beyond reach for some, those fortunate enough to call this architectural masterpiece home will undoubtedly indulge in a life of unparalleled prestige and comfort.
Contact JC Reindl: 313-378-5460 or jcreindl@freepress.com. Follow him on Twitter @jcreindl.