Grand River Growth Plan -All Gibbs for City Jan 2 2026 - Flipbook - Page 96
Garden Apartments: 200 to 250 Units
Newer, open floor plan designed apartments offer an appealing updated rental alternative to
the older housing stock found in the Grand River and Eight Mile Road area. Upscale apartments
have become increasingly popular with 55 year and older households seeking minimal upkeep
and flexible lifestyles.
The rental format also enables residents to preserve liquidity, keeping their investment funds
accessible rather than tied up in real estate which is illiquid. Multi-family development groups
prefer building 200 to 300 unit communities on 15-acre sites near shopping centers,
downtowns or along freeways. Smaller 30 to 50 unit apartment clusters could also be
developed in the Grand River area by local builders and investors.
arren Civic Center
Figure 11: Garden style multi-family apartment building-left; Townhome 1,100 sf townhome right.
Townhomes: 40 to 50 Units
Townhomes are 2 to 4 stories attached, single-family dwellings. Townhomes are one vertical
units, with no other dwellings over each other. Towns have individual small yards, front and
back doors, offering more privacy than garden apartments. Townhomes are typically 1,000 to
2,000 sf with attached garages.
Averaging 15 to 20 units per acre, townhomes are the least expensive to build on a per square
foot basis, while appealing to the largest demographic groups. Townhomes appeal to nearly
35% of southeast Michigan households, particularly single parents, young couples, and early
empty nesters, demographic groups that are well-represented within the Grand River study
area.
Townhomes may be delivered as either for sale or rental units, offering flexibility to meet
diverse market demands. Monthly rents are expected to start around $1,800 - $2.60 sf, while
for sale units with mid-level finishes can be competitively priced between $220 and $320 sf,
translating to home prices ranging from $250,000 to $400,000.
Grand River Corridor Residential Market Analysis
Gibbs Planning Group, Inc. | Indigo Retail July 2, 2026
12.
