The old Motorama Motel at 8 Mile and Woodward in Ferndale is going to see redevelopment.
The 21,000 square foot building will become an Urbane apartment building, with a coffee shop planned on the first floor. The deal closed Tuesday.
The development will have 33 one bedroom/one bathroom units for rent, two 2 bedroom/one bathroom units. It’ll be named “Urbane Ferndale.”
Rents right now are planned to range from $875-$950 per month.
“We feel strongly this is a diamond in the rough,” said Eric Brown of Urbane Apartments. “We want to double down on the 8 Mile location.”
Financing for the project was through the Detroit-based Ferlito Group. No project price was disclosed. An exact timeline for completion was not given.
We reported late last year that the property was being shopped as a redevelopment opportunity.
Ferndale officials have long had concerns about the property and the crime problem there. The city’s police chief at the time said that motel was a haven for prostitution, human trafficking, drugs, assaults and other crime.
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