One of the more noticeable apartment buildings in Midtown has just undergone renovations. Cathedral Tower, on Hancock just off Woodward, has 235 refreshed apartments, all staying at their affordable rates.
Renovations to the apartments include new cabinets, countertops, fixtures, and stainless steel appliances in the kitchens, energy efficient lighting, new heating and cooling systems, and updated vanities in the bathrooms. The fitness center and leasing office also received updates, as well as the community room on the 18th floor.
The renovations started in early 2020, when a HUD contract expired - leaving the apartments vulnerable to converting to market-rate. In an effort between the Michigan State Housing Development Authority, JLL Real Estate Capital/ Freddie Mac, and Bedrock, with support from the City of Detroit Housing and Revitalization Department, the apartments will remain affordable for at least the next 45 years.
The studio, one- and two-bedroom apartments are offered to individuals making 40 to 80 percent of the Area Median Income.
MRK Partners Inc., with help from Fortus Partners, Bedrock, JLL Real Estate Capital, Freddie Mac, R4 Capital, and Sterling Bank, completed the project.
