Comments (2) 10:00 AM posted by admin |
An article in the Ann Arbor News reports that Beal Properties has just acquired five foreclosed properties in the Midtown Neighborhood area of Ypsilanti. Several of the properties were onced owned by Ypsilanti’s second most notorious landlord, Loren Romain. The article goes to say that the developer paid $212K in cash for the five properties and will invest an additional $300K to make them habitable again. The project is expected to be completed by spring of next year.
In totally unrelated news, Depot Town‘s historic Thompson Building remains unsecured with windows and a portion of the back wall open to the elements. In addition, there has been graffiti on the back wall since late May of 2008. Finally, the building is in direct violation of the City of Ypsilanti‘s Vacant and Dangerous Buildings Ordinance that was passed in March of 2005 and nobody seems to care. Well, not nobody, but you get the idea.