445 W. Forest Redevelopment Project TOAD Management, LLC

Site Context 445 W. Forest Detroit Medical Center (2 blocks away) Wayne State University (2 blocks away) Shangri La 445 W. Forest Cass Cafe The Bronx Bar

Some of the amenities within ¼ mile Midtown Loop Greenway (Planned) M1 Light Rail Line (Planned) M1 Light Rail Stop (Planned) Barnes and Noble (2 blocks) The Potato Place (2 blocks) La Pita (2 blocks) Hilberry Theatre (1 block) Blimpie Subs (1 block) Olympic Grille (2 blocks) WSU Midtown Shangri-la (under 1 block) Marwil Bookstore (2 blocks) Bob’s Classic Kicks (1 block) University Cleaners(under 1 blk) Seva (2 blocks) Cass Café (under 1 block) DMC The Yoga Shelter (1 block) Nest (2 blocks) Starters Bar & Grill (2 blks) Marcus Market (2 blks) 1/4 mile Bigby Coffee (2 blocks) City Bird (2 blocks) 1/8 mi The Whitney (2 blocks) 3rd Street Bar (2 blocks) Topsoil Restaurant (2 blks) Bottom Line Café (2 blks) Sy Thai (2 blocks) The Bronx (1 block) Curl up & Dye (2 blocks) Hugh (2 blocks) Motor City Brewing Co. (1 blks) Nora (2 blocks) Traffic Jam & Snug (2 blocks) Source Booksellers (2 blocks) Pauline’s Closet (2 blocks) Goodwell’s Natural Food Mart (3 blocks) Mario’s Italian Restaurant (3 blocks) Avalon Breads (3 blocks)

Residential Demand and Potential Jobs – Henry Ford Health System, The Detroit Medical Center and Wayne State University employee 26,000 people in Midtown Detroit. These employees are eligible for the Live Midtown incentive which offers them $2,500 towards rent for moving to the Midtown Area. Students – 30,000 Wayne State University students. CCS and WCCC also located in Midtown Detroit. Safety and Security –Wayne State University’s police force has typical response times of between 3 and 5 minutes Population/Demographic Trends – Between 2000 and 2009, the average household income of Midtown residents increased by 58%. Midtown’s Current Residential Occupancy Rate is 97%

Proposed Transit Connectivity

Historic Design Considerations We expect to receive a 20% tax credit towards all hard and soft costs associated with this redevelopment. Exterior: Rebuild Inlaid Gutters Restore painted trim to stone Repair masonry Wood windows Interior: No exposed duct work No exposed brick Restore Pocket Doors Restore hardwood trim

Design – Unit Interiors Features Granite Countertops Stainless Steal Appliances Hardwood Floors Hardwood Trim Wood Windows Forced Air Heating and Cooling Modern LED and CFL Lighting Bathroom photo source: http://whatishomeimpr ovement.com/wp-content/uploads/2012/09/clean-bathroom-decorating-ideas-for-apartments.jpg Kitchen photo source: http://www.mappedapartments.com/components/com_ezrealty/ezrealty/60112c24d95e648ade149a5a182c37b2.jpg Fireplace photo source: http://hostedmedia.reimanpub.com/TFH/Projects/FH05NOV_STAINF_01.jpg

First Floor Plan

Second Floor Plan

Third Floor Plan

Sources and Uses Funds

Financial Summary