3740 Second Ave
3740 2nd Ave.
What does it look like?
Rendering of the development on Second Avenue. Image credit: McIntosh Poris Associates via City of Detroit
What's happening?
Greatwater Opportunity Capital's four-story, $14 million new apartment building in Midtown, set to be complete by 2025.
Source: WDET
What are the property details?
| Parcel ID: | 02000773-4 |
|---|---|
| Taxpayer: | 93740 2ND LLC |
| Taxpayer address: | 6001 CASS AVENUE DETROIT MI 48226 |
| Dimensions: | 100 ft by 190 ft |
Where is it?
What kind of housing is it?
| Units: | 57 |
|---|---|
| For rent/sale: | To rent |
| Affordability: | Yes |
Updates
September 4, 2024: On track to open spring 2025 | Detroit Free Press
Construction nearly complete.
June 13, 2023: Construction permit issued | BSEED
"Description of work: Construction of a four (4) story residential use with permitted commercial use building as per plans. Subject to all applicable federal, state & local executive orders."
April 11, 2023: Neighborhood Enterprise Zone tax credit | Detroit City Council
"Neighborhood Enterprise Zone Certificate Application for the construction of a new 57-unit multi-family building at 3740 Second in the Second/Brainard Neighborhood Enterprise Zone area. (RECOMMEND APPROVAL) (The office of the City Clerk forwarded to the City Planning Commission (CPC) staff an application requesting a Neighborhood Enterprise Zone (NEZ) certificate for the construction of a new 4-story multi-family building at 3740 Second with 57 rental apartments.)"
City Council estimated the value of the incentive as $1,170,298.