Wednesday, October 01, 2008

@Water Lofts Fail

Detroit developer Dwight Belyue's proposed 480-unit luxury condominium project, @Water Lofts, has been canceled. Detroit Economic Development Corp. has pulled the plug on a $119 million housing development. Belyuet was unable to meet deadlines in his agreement with the city.

Dave Bing's Watermark project continues to advertise and market its units at this time, but it remains to be seen whether or not that development will come to fruition.

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