- $7 million redevelopment to include 45 apartments
- Rents starting at $1,200 for studios, $1,400 for one-bedrooms, $1,950 for two-bedrooms
- Construction to begin in November, finish in September
A 40,0000-square-foot building on Cadillac Square in downtown Detroit is set for a $7 million-plus conversion into 45 market-rate apartments.
Construction on the Lawyers Building at 139 Cadillac Square is expected to start in November and be complete in September, said Mike Ferlito, president of Detroit-based developer Ferlito Group.
When finished, it is planned to have 18 studio units, 18 one-bedrooms and nine two-bedrooms with rents starting at $1,250, $1,400 and $1,950, respectively.
