DETROIT—Downtown Detroit has undergone a remarkable transformation in recent years, as office developers have renovated dozens of towers now occupied by thousands of employees. In addition, residential developers have revived a collection of downtown apartment buildings which new urban dwellers snap up as fast as they are completed. In the latest chapter of the CBD’s bounce back, Detroit-based Kraemer Design Group, PLC just completed the historic consulting, architectural and interior design at 1214 Griswold, now known as The Albert Capitol Park in the Capitol Park neighborhood.

The Albert, owned by 1214 Griswold Apartments LLC, which was formed by Richard Broder, the chief executive officer of Detroit-based Broder & Sachse Real Estate Services, Inc. in 2013, now has 127 luxury units. The new one- and two-bedroom units include Chevron flooring, custom moveable kitchen islands and energy efficient vintage lighting. 

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.