greenkitchen red-kitchen sinks stockwell-loft2

DOWNTOWN LANSING MICHIGAN
Phone: 517-349-1900, Ashley
E-mail: info@stockwellproperties.com

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Rentals starting at $750/month
Taking Applications now! Go to form –>
- Studio, One and Two bedroom units.
- 50% off City Ramp Parking
- Beautifully Renovated
- Unique Floor Plans
- Maple Hardwood Floors
- Storage Units Available
- Washer/dryer in each unit
- Stainless steel Appliances

DESCRIPTION: Beautiful, new loft-style apartments ready for occupancy located at 107-111 E. Allegan, within walking distance from Cooley Law School.

AMENITIES: These newly renovated apartments are complete with maple hardwood floors, exposed brick walls, exposed ceilings, new windows, all new stainless steel appliances, including refrigerators, microwaves, stoves and dishwashers, and washer/dryers in each unit. Storage units are also available for rent in the basement of the building. 50% off at city parking ramps. Los Tres Amigos & Anqui Sushi is on the first floor, and many other restaurants are nearby.

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Virtual Tours

1 Bedroom

119.5 S. Washington – Unit A 109 Allegan St – Unit 302 109 Allegan St – Unit 303 109 Allegan St – Unit 204 109 Allegan St – Unit 202

1 Bedroom Deluxe

109 Allegan St – Unit 305 121.5 S. Washington Sq 123.5 S. Washington Sq

2 Bedroom

119.5 S. Washington Sq – Unit A 109 Allegan St – Unit 304

4 Bedroom

301 S. Washington Sq 301 S. Washington Sq 301 S. Washington Sq

 

LOFTS ARE SEXY!
[article from Commercial Real Estate – Lansing Edition – Feb 2004]

Imagine this: Hot red painted walls with cherry cabinets. Maple floors against exposed brick walls. Vaulted rafter ceilings with unique hanging lights and exposed heating and cooling systems. Stainless steel appliances, magnificent windows and skylights, patio decks and Jacuzzis with round glass showers six feet high and many other amenities such as your own washer and dryer. You visit a loft. You want one. Cool, sexy and very appealing to singles, couples, and working professionals without kids. Lofts are also popular with graduate students.

Stockwell Development has been paving the way and breaking the barriers of a unique market for downtown Lansing. Stockwell has just completed 17 new housing units, and the demand continues with 10 new luxury, two-bedroom units planned ranging from 1,000–1,800 square feet—with all the amenities you would want.

To do more of these we need to tell the appraisers they rent and convince the bankers that there is a market. Sure, at one time these were “out of the box properties,” but not so much any more. Communities are coming back to recycle buildings to prevent sprawl. The climate is positive. “The historic element is enticing; mixing commercial restaurants, beauty salons, peanut shops and stores such as the Great Harvest with housing above is a natural,” says Ken Stockwell, president of Stockwell Real Estate Group. Stockwell is also planning such developments in other areas of Michigan, mainly resort areas in northern Michigan, and in Florida. A key part is Mark Nanniga, of Stockwell Real Estate Group. He is building lofts and making it happen. Nanniga says, “Keeping costs at bay is important. Each property is unique and has its own set of obstacles.” Stockwell Real Estate Management also has its hands full. Sandy Bofaris states, “This is a new territory with a whole new set of management situations. There is no handbook written for the circumstances that can develop. This market is exciting though. Many of our units were pre-leased and the interest continues to be strong.”

If you are nearby, come see a loft…or better yet, live there and see the fun. Watch the Lansing Lugnuts fireworks at night in a Jacuzzi. You will love it.

Kenneth B. Stockwell, CCIM, SIOR, is president of Stockwell Real Estate Group, Inc., a commercial real estate brokerage, management and development company.