A $70 million renovation has wrapped up in the Albert Kahn Building in New Center, across from the Fisher Building. Adam M. Lutz of Lutz Real Estate Investments and Matthew Sosin of Northern Equities Group announced this week that the conversion of the 11-story building is now complete with 206 new apartments.
Lutz Real Estate Investments and Northern Equities Group purchased the Albert Kahn Building in 2018 from The Platform. Offices that filled floors 2-11 are now apartments ranging from studio to three bedroom, 530 to 1,317 square feet. Rents for available units range from $1,420 up to $4,500 a month.
Kraemer Design Group led the architecture, interior design, historic consulting, furniture specification, and procurement for the project.
Amenities include two lounges - The Drafting Room is a workplace area with a library and bar, and the 1931 Room, which has TVs and games for residents. The Kahn also has a 3,000-square-foot fitness center, a spa area for pets, and a rooftop lounged with grilling stations. Parking is available for residents in the Fisher Building Garage.
The Albert Kahn Building opened in 1931, as New Center was building up with the Fisher Building and General Motors Building. The Albert Kahn Building was home to offices through the years, including Kahn's architecture firm, and served as a busy retail center with Saks Fifth Avenue from 1940-1979.
"The Albert Kahn Building was originally designed as one of the crown jewels of Detroit," said Adam M. Lutz, CEO of Lutz Real Estate Investments. "That was the mindset that we had when designing these apartments and restoring a historical landmark. Each of the 700 original windows was removed, hand restored and re-installed back in their original location."
A grand opening is scheduled for September.
