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147 W. Michigan Avenue (formerly the Village Market Place + Lofts site) Update

Anyone that has seen the property located at 147 W. Michigan Avenue in the last few months knows that huge improvements have take place beginning this past spring.  The property is under new ownership, since December 2010, as a result of a Sheriff’s sale of the property caused by foreclosure.  The new owners are a group of contractors that have liens on the property as a result of doing work for the former owner and not being paid as part of the failed Village Market Place + Lofts development.147 W. Michigan Avenue

The new owners have earth balanced the property, installed a new storm water drain, removed the unsightly security fencing and generally cleaned up the site.  The owners will be spreading top soil on the site and putting grass seed down in the near future.  The new owners have placed the property on the market with the intention of selling the property to make up for not being paid for all of their work on the site.

The property was on its way to being foreclosed upon by the Washtenaw County Treasurer’s Office because of past due property taxes winter/spring 2011.  However, the new owners of 147 W. Michigan Avenue have made the necessary payments to keep the property out of tax foreclosure.

We are hopeful and optimistic that the community will see a positive outcome at 147 W. Michigan Avenue in the not too distant future.  But at least in the interim, the property looks 100% better and is no longer the eyesore negatively impacting downtown Saline.

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