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Eaton plant to become condos: Chicago firm signs purchase agreement for the property
Monday, November 10, 2003
Eaton Corp.'s manufacturing plant in downtown Ann Arbor will be transformed into luxury loft condominiums, according to a Chicago firm that's signed a purchase agreement for the property.
Morningside Group has reached a deal on the five-story building for an undisclosed price. The 125,000-square-foot facility is located on a 2.2-acre site at 315 S. First St., between West William and West Liberty streets. A closing date for the purchase was not made public...
...Morningside would need city approval to rezone the site before it could be redeveloped. The company said it expects to submit plans to the city over the next several months.