June 3, 2015
Rare downtown condo project under construction in Lockerbie
Construction is under way on the first phase of a downtown residential project that will bring more upscale homes and condominiums to the historic Lockerbie Square neighborhood.
Chase Development LLC plans to build two houses, priced above $1 million, and 12 condos ranging from nearly $400,000 to $1.2 million as part of its 500 Park Residences project at the northwest corner of East Michigan Street and Park Avenue.
The first of the 4,000-square-foot, four-level homes is sold and is being built on the west side of Park Avenue. Another house will be constructed on the adjacent lot to the south and just to the north of where the condominiums will be built.
