350 S Fifth Ave Affordable Housing (Y-Lot)
A 20-story affordable mixed-use tower on the long-vacant downtown Y-Lot, planned with 330 one- and two-bedroom apartments restricted to households earning 30 to 80 percent of area median income (averaging 60 percent AMI). Pairs with a Fourth Avenue streetscape rebuild and the adjacent Blake Transit Center.
Ann Arbor Housing Commission with Related Midwest · 350 S Fifth Ave, Ann Arbor, MI 48104
What sets this project apart
- 330 fully affordable units in the downtown core
- City Council approved up to $35M in supporting bonds
- Co-developed with Related Midwest (Related Companies)
- Linked Fourth Ave and Blake Transit Center streetscape project
Confirmed tenants
Targeting
Jobs impact
Multi-year construction and supportive-service jobs once operational.
Housing impact
Largest income-restricted housing project in downtown Ann Arbor in decades, dramatically expanding the deeply affordable downtown stock.
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Active listings within 1.5 miles of 350 S Fifth Ave Affordable Housing (Y-Lot)
$409k25 photos303 Main Street, Unit 306, Ann Arbor, MI, 48104
1 bd · 1 ba · 664 sqft
$7M113 photos414 Main Street, Unit 10, Ann Arbor, MI, 48104
3 bd · 4 ba · 5,000 sqft
$1.3M56 photos430 Main Street, Ann Arbor, MI, 48104
3 bd · 4 ba · 2,955 sqft
$27.513 photos213 Liberty Street, Ann Arbor, MI, 48104
— bd · 0 ba
$795k38 photos441 Ashley Street, Unit 303, Ann Arbor, MI, 48103
2 bd · 2 ba · 1,282 sqft
$319k25 photos555 William Street, Unit 18A, Ann Arbor, MI, 48104
1 bd · 1 ba · 694 sqft
Listing data via Flexmls Spark RESO Web API. Updated May 15, 2026, 6:23 PM. Information deemed reliable but not guaranteed. Buyers should verify all details with a licensed Michigan real estate professional.
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