I took a tour of The Assembly on West Fort Street near Corktown this morning along with other members of the media who got a peek at a few of the 32 apartments in the building, which will be home to Chicago-based Coyote Logistics LLC later this year.
The apartments generally range from 750 to 1,500 or so square feet, but there are a pair on the top floor that are more than 2,000 square feet with more than 1,000 feet of private outdoor space. At least one of those rents for $6,500 per month, but a more modest one-bedroom, one-bathroom unit a floor below is about $1,850 for 814 square feet, or about $2.27 per month.
The property is near the West Riverfront Park under development by the Detroit RiverFront Conservancy and about a mile from Ford Motor Co.’s Corktown campus anchored by Michigan Central Station.
Public records say Gilbert purchased the building in January 2016 for $5.2 million in a portfolio deal with Detroit-based The Display Group, which moved into the Packard Plant in May 2015.