The Flats at 124 Alfred St. is part of a $100 million project composed of 24 buildings — including townhomes, carriage homes, apartments and rehabbed historic homes — across 8.4 acres. The neighborhood, sandwiched between downtown and Midtown, was home to some of the city’s richest residents before being abandoned and becoming largely vacant.
The 54 units at The Flats at 124 Alfred are designed for residents age 55 and older who make 30 percent-60 percent of the area median income, or $14,910 to $29,820 for a single person, according to Bedrock. The apartments range in size from one-bedroom, 670-square-foot units to two-bedroom, 1,000-square-foot units, and in price from $399 to $949.
When complete, more than 20 percent of the 285 for-lease units in the entire City Modern project will be designated affordable, as required by the city for projects that use city-owned property or receive city incentives.
City Modern offers a variety of architecture, community and lifestyle choices among four existing Victorian mansions and 20 new buildings. For-sale carriage homes range from $423,690-$645,860 for 1,460-2,005 square feet. Townhouses range from 1,835-2,680 square feet and $536,450-$761,960. For-sale units at City Modern are being developed by Farmington Hills-based Hunter Pasteur Homes.
The development also includes ground-level space for retail, commercial or restaurant use, but those tenants have yet to be announced.
Construction on the development started in 2016 and was announced a year prior.