Beal announces Thompson Block tenant for Depot Town

September 27, 2007 by  
Filed under News

Click picture to view photo albumBeal unveils plans for the beleaguered Thompson block in Depot Town

(September 27, 2007) Stewart Beal announced yesterday that he had signed a long term anchor tenant for the Thompson Block in Ypsilanti’s Depot Town. The new tenant is Broughton Music owned by Laurie Jarski, a cellist, guitarist and composer, who currently has stores in Northville and Kalamazoo.

Jarski signed a 10 year lease with two 10 year options taking the corner spot and 25% of the first floor space. “This is a great vote of confidence for the Thompson Block redevelopment project, the Depot Town area, and the entire City of Ypsilanti,” said Stewart W. Beal. “We are optimistic we will secure the remaining tenants we need to get the construction started soon.”

Beal also unveiled drawings for the long anticipated project. The plan calls for 16 loft apartments on the upper two floors. The third floor units will have walk out porches on the back (East) side. Beal announced in August 2007 that he expected to have the loft apartments ready for move in by September 2008. Prices for the loft apartments range from $700 to $1,200 with most around $1,000 a month.

Beal said in August that he had about 60% of the first floor with signed leases and needed one more tenant before he can proceed with bank financing.

Editors note: Broughton Music’s website www.broughtonmusicco.com is currently not working. Broughtons’s web hosting provider, Website Pros, Inc. of Jacksonville, Florida has redirected the page to an ad-generated website and is offering the domain name for sale.

Comments

3 Comments on "Beal announces Thompson Block tenant for Depot Town"

  1. dave on Tue, 2nd Oct 2007 2:56 pm 

    I wonder if there is any plan for parking for the site. It seems like there’s no parking room on that property.

  2. MB on Fri, 26th Oct 2007 8:40 am 

    There is parking across the street from the building.

  3. amdevans on Thu, 8th Nov 2007 6:03 pm 

    I’m hoping SB buys the run down property just East of Thompson Block and turns that into private parking for the loft tenants. Those properties are an eyesore.

    amdevans

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