City Club Apartments has begun a $25 million redevelopment of a 202-unit community in Detroit. Formerly known as Elmwood Park Plaza, the company rebranded the project as City Club Apartments Lafayette Park. Associated Bank and T2 Capital Management will provide funding for the development.
As part of the project, 20 percent of the property’s units will be classified as affordable for existing residents. During the redevelopment, the community’s current occupants will be relocated to other units in the tower. New occupancy is anticipated this spring.
The transit-oriented property is located at 750 Chene St. in the Rivertown District, 1.5 miles east of downtown Detroit and 1 mile from the intersection of interstates 75 and 375. A grocery-anchored retail center and a public library are next door to the community.
Detroit’s multifamily development scene is quite active at the metro level, with more than 5,000 units underway, per Yardi Matrix. Despite this, the area east of downtown has yet to see notable construction activity. However, with more and more suburban jobs shifting to the city center, housing demand is on the rise, leading to more multifamily projects near the urban core.
The 18-story property was originally constructed in 1974. Upon completion of the redevelopment, the building is anticipated to achieve NAHB Green Building Certification. The improvements will focus on replacing the HVAC systems, installing high-efficiency windows, landscaping and building an outdoor pool. The 18th floor will feature a sky lounge with 360-degree views of the surrounding areas.
The unit mix will consist of one-bedroom apartments and 34 penthouses on the 16th to 18th floors. Community amenities include laundry facilities, a volleyball court, a gym, a business center and a dog park.
The owner named MIG Construction as the general contractor for the McIntosh Poris Associates-designed project. The development comes months after a public-private partnership broke ground on a $22.5 million 92-unit community, roughly 3 miles east of the property.