By Sherri Welch
Presbyterian Villages of Michigan is in the second phase of development at its $43.5 million Rivertown Neighborhood near Detroit's east riverfront.
After opening an affordable assisted living complex in one of two former Parke-Davis manufacturing facilities on the Detroit campus last spring, Southfield-based PVM and Chelsea-based United Methodist Retirement Communities Inc. began construction of a $7.5 million independent senior apartment building in the fall. The four-story, 50-unit building, which is just under 50,000 square feet, is expected to open in July.
The development, and existing Rivertown complex, is at McDougall Avenue and Franklin Street, two streets south of Jefferson Avenue.
"The demand for that building has been the greatest we've ever seen," said PVM President and CEO Roger Myers.
Continue full article at: http://www.crainsdetroit.com/article/20140209/NEWS/302099986/rivertown-seniors-development-in-2nd-phase.