Todd Rankine, director, architecture and planning at Singh Development LLC, walked directors through the proposed 4-story building with 192 units, including 19 street-level townhouses and a combination of studios and one- and two-bedroom apartments.
The building would be constructed of brick and stone, materials that are low on maintenance and long on durability, according to Rankine. The project would take 12-18 months to develop.
Units would rent for approximately $1,500 to $2,500 per month.
Singh would own, development, construct and operate the project. In the past 25 years, the developer has constructed 20 "luxury" projects in Michigan and has to more in the pipeline, according to attorney Dennis Cowan, who introduced the development team to directors.
Singh's portfolio also includes the 82-unit Waltonwoods Royal Oak assisted living facility located at 3450 W. 13 Mile Road, which was built in 1998 and renovated in 2012.
[Read: Developers Present Luxury 'Woodward Grand' Concept for I-696/Main Street Parcel]
Date set to discuss proposals
The Singh concept is one of three proposals on the table for the vacant I-696/Main Street parcel.
In December, Versa Development, CG Emerson Real Estate Group and Farran Group presented their concept to build apartments, a 4-story medical/office building and a retail area on the property.
[Read: Developers Present 'Gateway' Concept for I-696 Site to DDA]
A third consideration is an office building office but no tangible plans have been presented to the DDA to look at yet.
DDA directors will meet at 9 a.m. on March 1 for a work session to discuss the three concepts, though it's unlikely that the office building complex will be ready at that time with design drawings, according to City Manager Don Johnson.
"From my point of view, I am looking at the scale of the development," said Director Bill Harrison of the office complex, adding "with computers today, it's easy to give us an idea of what the building might look like."
Director Michael Sophiea asked that the third developer send over any materials that might be helpful in terms of the discussion.
"I don't picture us coming to any kind of conclusion at that meeting anyway," Sophiea said. "We might get a direction and we might be able to talk more about the process moving forward."
In other I-696/Main Street news, the DDA approved a request from the Detroit Zoo to renew its licensing agreement to use the vacant parcel for the purposes of overflow parking. The agreement has an out if the property is sold.