350 S. Fifth Avenue is in the site plan approval process. The Ann Arbor Housing Commission (AAHC) is proposing a new 18-story multi-family development on the existing parking lot at E. William Street between Fourth and Fifth Avenues. The project will provide approximately 95 affordable housing units in the west tower, 201 mixed-income units in the east tower, and first floor retail space. The downtown location and proximity to the Blake Transit Center and William Street Bikeway provide unique opportunities to utilize the existing alternative transportation network.
It is anticipated the project will be presented for site plan approval by Planning Commission in spring 2023.
The City of Ann Arbor recently re-acquired 350 S. Fifth Avenue, commonly referred to as the former Y Lot. The site was home to the Ann Arbor YMCA from 1960-2005 until the current YMCA opened at the current West Washington site. The former YMCA building was demolished in 2008, including 100 affordable units associated with the former building. The site has served as a surface parking lot and has been at the forefront of several redevelopment considerations over the last decade. The City Council recently adopted Resolution R-18-173 outlining the priorities and criteria for redevelopment of the lot. The site is currently zoned D1, allowing 400% Floor Area Ratio (a percentage of building area to ground area) and approximately 900% Floor Area Ratio and approximately 18 story building heights with affordable housing bonuses. Key adjacent uses include the Blake Transit Center to the north, Downtown Library to the east, significant parking structures to the west and northeast, the new William Street bikeway to the south, and lower density uses south of William Street.
The City has outlined the following objectives for redeveloping the former Y Lot: