Scott Chappelle, president of East Lansing based Strathmore Development Company, believes Ann Arbor still has some under served market segments that other developers are missing.  Namely medical/office and high-end residential rental space in the U of M medical campus area.  His Lower Town development will focus on medical offices, retail and apartments providing 138,000 sqft of retail space, 153,000 sqft of general and medical office space and a 760-car parking garage.  Generally the new development will include a financial institution, a real estate company, a coffee and pastry shop, medical offices and several restaurants. Chapelle's Lower Town Redevelopment will also focus on upscale residential rental units.  The developers believe 185 high-end rental units will be a more secure offering than "for sale" condos in Ann Arbor's marketplace.  They are hoping to create the nicest rental units in the area. This project is expected to be completed in the fourth quarter of '09.  Find Condos. Contact Kathy Toth and Team for more Ann Arbor Real Estate information.