Detroit’s Albert Kahn Building sold, will be converted into 200 apartments
The Albert Kahn Building, in Detroit’s New Center neighborhood, has been acquired by Lutz Real Estate Investments and Northern Equities Group. The building was owned by a group comprised of The Platform and other partners.
“The Albert Kahn Building has always been occupied and functional, and as a result, it is in great condition for a historic property,” said Adam M. Lutz, principal of Lutz Real Estate Investments. “Its large floor plates, ideal location and architectural beauty make it ideal for a multifamily development.”
The approximately 300,000-square-foot building, which once housed a Saks Fifth Avenue, will be converted into more than 200 apartments, said Jon Epstein of Lutz Real Estate Investments.
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Ken Haddad, clickondetroit.com