The Lofts at Rivertown enjoyed a 95% occupancy rate since it was made into an apartment complex in the late 1980s at a cost of $20 million.
Officials with J&J Slavik say the decision to transform the rental property into a condominium community was made in response to the increased demand for ownership housing in Detroit as well as growing consumer enthusiasm for lofts.
More than 40% of the Lofts' current residents have expressed an interest in purchasing, company officials say.
The building is located along East Jefferson, two blocks west of Belle Isle Bridge.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
