HTI FUND II
HTI Fund: II Property Investment Details in a Real Estate Fund
Phase 1A - Grand McGraw
The existing 3951 Grand McGraw building was purchased in 2018 as the cornerstone of the Grand McGraw planned redevelopment initiative. The redevelopment of 3931 McGraw is Phase 1 of the 94/96/W Grand Blvd project area. Our proposal is to acquire the 9 Detroit Land Bank Authority owned adjacent parcels and 1 MSHDA owned parcel comprise of the Phase II and II of the redevelopment initiative. 3931 McGraw is a 27-unit building consisting of Six 1-Bed/1-Bath, Nine 2-Bed/1-Bath and Twelve 3-Bed/1-Bath dwellings with 4 large basements for laundry, storage and common area. The property will be reconfigured into Six 1-Bed, Six 2-Bed, and Fifteen 3-Bed units to better accommodate larger families! in the dead center of one of the most
3-Phase Redevelopment Strategy
Phase 1A
3931 McGraw renovation of an existing 27-Unit Apartment Building. Made for Low Income, Refugee and/or Veteran Residents
Phase 1B
1650 W.Grand, 1646 W. Grand, and 1610 W. Grand Boulevard will be set for new construction for a 40-Unit Multifamily Complex
Phase 1C
5545, 5601, 5607, 5615, 5621, 5625, and 5635 Vinewood will be architecturally designed as brick 3/2 story attached units
Phase 1B
Pre-Development
We are proposing a 38 Unit Multifamily with new construction development. We are going to construct on 2 Detroit land bank authority lots and 1 MSHDA Owned Parcel.
Our design concept is a stately design at the intersection of Grand Ave and the entrance to the Grand McGraw Circle community.
We are going to have mixed income housing including units for families at or below 80% of area median income, workforce housing and market rate units.
Historic architectural design is our vision for the Grand McGraw community. We want to maintain a consistent brick facade motif affronting Grand Ave. We are proposing a podium and surface parking!
Design Concept
Phase 1C
Pre-Development
We are proposing a 38 Unit Multifamily with new construction development. We are going to construct on 2 Detroit land bank authority lots and 1 MSHDA Owned Parcel.
Our design concept is a stately design at the intersection of Grand Ave and the entrance to the Grand McGraw Circle community.
We are going to have mixed income housing including units for families at or below 80% of area median income, workforce housing and market rate units.
Historic architectural design is our vision for the Grand McGraw community. We want to maintain a consistent brick facade motif affronting Grand Ave. We are proposing a podium and surface parking!
