Hines Buys Kline’s lot in Detroit

Reported Sep 9, 2026 · Source: The Michigan Daily

Source: The Michigan DailyRead the full report at The Michigan Daily ↗

Deal details

Buyer
Hines (purchase and sale agreement approved by Ann Arbor City Council)
Seller
City of Ann Arbor
Price
More than $14M
Size
1.31 acres
Asset class
Land
Transaction
Sale
Sub-market
Ann Arbor
Metro
Detroit
Reported date
Sep 9, 2026

Summary

The Ann Arbor City Council unanimously approved a purchase and sale agreement for the Kline's lot, a 1.31-acre parking lot on the corner of Ashley and West William streets, to a real estate developer. Hines has agreed to purchase the lot from the city for more than $14 million to construct a large, mixed-use development.

Summarized from the article; the quoted lines below are from the article itself.

Source: The Michigan Daily

Read the full report at The Michigan Daily. What the article says:

  • Deal / Seller
    The Ann Arbor City Council unanimously approved a purchase and sale agreement for the Kline’s Lot to a real estate developer.
  • Deal / Size
    The Ann Arbor City Council met in Larcom City Hall Tuesday evening to unanimously approve a purchase and sale agreement for the Kline’s lot — a 1.31-acre parking lot on the corner of Ashley and West William streets — to a real estate developer.
  • Price / Buyer
    Real estate developer Hines has agreed to purchase the lot from the city for more than $14 million to construct a large, mixed-use development.

Article date: 2026-09-10T03:24:59+00:00

Quick answers

Who bought Kline’s lot?
Hines bought Kline’s lot in Ann Arbor, Detroit, according to The Michigan Daily.
How much did Kline’s lot sell for?
The reported price is More than $14M, per The Michigan Daily.
How big is Kline’s lot?
1.31 acres, as listed from the source.
When was this sale reported?
Reported Sep 9, 2026 by The Michigan Daily.

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Compiled from public sources; details can differ between sources. Always verify with the linked source.