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Watermark Plans Luxury Rentals in Detroit Suburbs
Watermark Residential, a wholly owned affiliate of Thompson Thrift, acquired 20 acres of land in the New Hudson community of Lyon Township, MI for the development of The Crossings by Watermark, a Class A apartment community which will include 19 two-story, farmhouse style apartment buildings. Watermark expects to move-ins to begin in early 2022.
“Lyon Township is a growing market with great proximity to strong employment nodes in northwest Detroit and Ann Arbor,” said Brian Southworth, SVP acquisitions for Watermark Residential. “Lyon Township has seen inventory growth with higher end single-family homes, leaving a gap for residents that prefer the convenience and amenities offered in a rental community. We are excited to bring another of Watermark’s standout apartment developments to meet demand.”
The Crossings will be walkable to Lyon Township’s retail amenities, parks and trails, and is only a half mile from Interstate 96.
- ◦Development
