DETROIT-Developers havetransformed the office market of Detroit's CBD by renovating dozensof underutilized buildings and attracting hundreds of firms. Butthe now-vibrant office market has also sent ripple effects throughthe residential and retail sectors. The downtown has thousands ofnew apartments, and much like the CBD's new office spaces, most arehistoric renovations rather than new construction.
One of the earliest of theseefforts was at 1214 Griswold, a former senior living facility.Detroit-based firms Broder & Sachse Real EstateServices,Inc. and Kraemer Design Group, PLCcollaborated to transform it into a 127-unit luxury complex.Now known as the Albert of Capitol Park, it opened inthe summer of 2014 and illustrates the impact of housingrenovations.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
