One of downtownis pioneering residential projects has just come on the market. Michael Josephis Clover Management has put The Sidway apartments at 775 Main Street up for sale with an asking price of $7.4 million. The 67-unit residential project where rents range from $411 to $1,900/month was completed in 2003. It is being marketed as a potential candidate for condominium conversion.
Clover Management appears to be taking advantage of a hot downtown residential market. The developer does not appear to be exiting the downtown scene however. Clover is co-owner of Ansonia Centre, another Theater District rental building that was once for sale but has been taken off the market. Clover has also been studying construction of a 36-unit condominium project on the same block as Ansonia and The Sidway. That project is less than certain.
Interested? Hendricks & Partners has the listing: 248.341.3306
Photo Credit: CitySky Photography by Nate Farnsworth