City Club Apartments CBD Detroit to be built at Washington Park Avenue Project will have 288 units and retail space $70 million development received $1 million in brownfield funding
A groundbreaking event is planned in the next 30 days for hundreds of new apartments on the site of the former Statler Hotel in downtown Detroit, the project’s developer said Tuesday.
The newly branded City Club Apartments CBD Detroit, being developed by Detroit-based City Club Apartments LLC, is expected to have 288 units and 12,000 square feet of retail space.
Workers have been at the project site at Washington Boulevard and Park Avenue for several weeks doing preconstruction work.
Jonathan Holtzman, founder and CEO of City Club Apartments LLC, said in a statement to Crain‘s that “significant details” about retail and restaurant tenants are expected to be announced at the groundbreaking. A date for the event has not been set, although a spokesman said it’s expected next month.
In June, the approximately $70 million development received $1 million in brownfield funding. In a May interview, Holtzman said construction would take about 16 months to complete, with the first apartments being available within a year of construction beginning.
Last year, Holtzman, the former CEO of multifamily real estate giant Village Green Cos., split from the Farmington Hills-based company that traces its roots back to Holtzman’s grandfather, Joseph. He then founded City Club Apartments with Canadian investor Alan Greenberg.
The company said it has $2 billion in real estate assets and $500 million under development or construction in Cincinnati, Detroit, Chicago, Pittsburgh, Minneapolis, Kansas City, Louisville and along the East Coast.