Development News

Maurer family takes on 3 more rehabs in downtown Ypsilanti

Thursday, April 29, 2010

Ypsilanti

The dynamic historic preservation duo of Eric and Karen Maurer are at it again in Ypsilanti. This time the couple has bought three more foreclosed and neglected downtown storefronts with grand plans for revitalizing them into mixed-use structures filled with people, businesses, and jobs.

Excerpt:

The Maurer family empire is now three more addresses strong after buying 120, 122 and 124 W Michigan Avenue in downtown Ypsilanti.

Eric and Karen Maurer are two of Ypsilanti's biggest landlords, buying and rehabbing a number of historic structures into apartments and retail space. This latest purchase of three foreclosed commercial buildings expands the couple's holdings to seven downtown storefronts, including the Mack & Mack and Kresge buildings that now house the Ann Arbor SPARK East incubator and J Neil's Mongolian Grille, respectively.

The Maurers plan to rehab their latest acquisitions into loft apartments on the second and third floors, ground floor retail space and some basement office space. That will mean a dozen new loft apartments and room for three separate storefronts.

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Maurer family takes on 3 more rehabs in downtown Ypsilanti

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