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  • An example of our experience in providing market analyses follows:


    Market Analysis of @Water Residential Condominium Development,

    Belmar Development sought Allen & Associates to evaluate the development potential of the @Water condominium, a proposed 222-unit condominium complex located on the Detroit River waterfront in Detroit, Michigan. The study was made challenging by the dynamic market for urban redevelopment and explosion of new demand and projects for residential living in and around the city’s CBD. The @Water project with its water front location proximate to the CBD was to be a market leader in terms of price points and quality. Our study tracked over 1,540 units of present and future comparable townhome and flat-styled condominiums in the market area. Of those, 696 units were estimated to be available within planned or proposed units in the market area at the point of market entry of the subject property, with another 1,900 new entries planned within three years. To read more about this engagement and our methodology

  • Market Analysis for Single-Family Housing Subdivision Feasibility

    Lodi Township sought Allen & Associates to assess the development potential of a single-family residential development. Overall, the market area was considered to be oversupplied . Based on our the combined existing and proposed supply and our concluded demand for new construction single family housing in the market would require 7.7 years to absorb. To read more about this engagement and our methodology click here …

  • Market & Financial Feasibility Analysis of the Brown Road Overlay District

    Orion Township sought improve the appearance and mix of uses located in its southern “gateway” – the area known as the Brown Road Study Area. Allen & Associates examined the market potential of the Overlay District to determine if there was already an adequate supply of lands zoned for such uses in the marketplace and whether the study area was competitively positioned to take advantage of the market demand for such uses. Then, working with cut and fill estimates provided by the township's engineering consultant, Allen & Associates utilized a development approach analysis to analyze the potential financial feasibility of the study area as a high technology research and industrial park. To read more about this engagement and our methodology click here …

  • Feasibility Study of Grayhaven Marina Village

    Grayhaven Marina Village is an existing affordable multi-family development currently consisting of 190 apartment units originally constructed in 1988. MSHDA, the noteholder required Allen & Associates to evaluate the feasibility four possible redevelopment and financing scenarios: as a 100% tax credit property with all units at 60% of AMI; as a 100% market rate property that is conventionally financed and operated; or as a total condominium conversion. Allen & Associates provided a detailed analysis of the primary markets for the residences and marinas under the ownership and rental scenarios uncovering special risks involved with each re-development opportunity. To read more about this engagement and our methodology click here…

  • Market Analysis of (The Watermark) Chene West Residential Condominium Development

    Spingarn Development sought Allen & Associates to evaluate the development potential of a 111-unit luxury condominium development and provide conclusions and recommendations as to market-appropriate pricing, features and absorption. The study was made challenging by the dynamic market for urban redevelopment and the explosion of new demand and projects for residential living in and around the city’s CBD. The Watermark project was expected to provide luxury market units with a base price of $350.000 with a quality of construction and finish far surpassing any other development in the market area. Our study revealed challenges in large the number of competitive developments in the market and difficulty for existing homeowners to “trade-up” into the units. Our study tracked over 667 units of the most comparable townhome and flat-styled condominiums in the market area. To read more about this engagement and our methodology click here …

  • Market Analysis of Coleman’s Corner Retail Development

    Taylormade Solutions Consulting and the Coleman Foundation sought Allen & Associates for consultation regarding the proposed inner-city development of three sites extending south of Clairmount along Linwood Avenue. Allen & Associates professionals provided an exhaustive study of the retail within the primary and secondary trade areas and made conclusions and recommendations as to appropriate retail composition for a neighborhood shopping center and made recommendations regarding ideal potential retail combinations for the three sites. To read more about this engagement and our methodology click here …

  • Market Study and Appraisal for Assisted Living Facility and Appraisal of Going Concern

    Waltonwood of Novi is an independent and assisted living community located in Novi adjacent to the Twelve Oaks Shopping Mall. Allen and Associates was sought to prepare the market study and appraisal for the assisted living portion of the development only and to determine the extent of the demand to warrant the development. Within the category of assisted living there are conventional assisted living and dementia (memory) care. The subject, similar to most assisted living and memory care developments, offers a variety of health care service levels. To read more about this engagement and our methodology click here...

  • Feasibility Study for Mixed Use Retail/Residential Development

    The Harbor Companies sought the experience and consultation of Allen and Associates for assistance in the full-scale mixed-use retail/residential development of an existing retail site in Ann Arbor, Michigan. The developer contemplated re-developing a site currently occupied by a grocery-anchored strip mall into residences with retail on the site’s frontage which is near the University of Michigan. Allen & Associates was asked to examine the functional utility and highest and best use of the site, the marketability of the site for residential and retail considerations and, to provide recommendations as to the layout of the uses within the site, the sizes of the residential and retail units, amenities for the development, the most likely customer bases and the depth of demand and appropriate rental rates for the retail and residential units. To read more about this engagement and our methodology click here…

  • Gratiot 24 Homes

    The scope of this assignment consists of a comprehensive market analysis for the subject property. The subject property, known originally as Gratiot 24, was a proposed affordable multifamily development to be located near the intersection of Maxwell and Medbury Streets in Detroit, Wayne County, Michigan. The developer had proposed to use a combination of below-market debt and tax credit financing to construct 24 units in 12 buildings in this scattered site development. The subject property was proposed to be an open age community. A total of 6 units were proposed to be set aside for persons with special needs which include physical disabilities, chronic health problems, or other special conditions

Allen & Associates Appraisal Group Troy

5700 Crooks Road
Suite 200
Troy, MI 48098
Phone: (248) 433-9630
Fax: (248) 433-1314



Allen & Associates Appraisal Group Detroit

4444 Second Avenue
Detroit, MI 48201
(313) 753-1715

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