An official groundbreaking took place this week at Lafayette West, a $150 million residential project just east of downtown. The development will bring 318 condos and apartments over six five-story buildings to Lafayette Park.
Condos range in size from 446 to 1,223 square feet in studio, one-bedroom, and two-bedroom plans. Condo pricing ranges from $229,000 to $634,000. Apartment rents will be announced this fall. Twenty percent of the apartments will be offered as affordable rates.
“We saw this as an ideal opportunity to develop a luxury community to contribute to the lives of the Lafayette Park neighborhood” said Mark Bennett, owner and developer. “Lafayette West offers differentiating amenities and is centrally located, while offering affordable living to Detroiters.”
The development covers 5.2 acres just east of 375, between Eastern Market and the Riverfront. Amenities include attached garages and carports, with 100% EV parking. The development will also have a coworking space, an indoor/outdoor recreation space, a pool, and a fitness center, as well as a pet spa and dog park.
Lafayette West was announced in 2018; the demolition of Shapero Hall came at the end of that year. Setbacks, including a developer leaving and Covid slowing construction, pushed back the timeline of the project. Construction started at the site late last year.
35 condos are expected to be completed by spring 2023, and 102 apartments are expected to be completed by summer 2023. See more renderings in the gallery above.
The Lafayette West team is also working on the Exchange, a 16-story high-rise in Greektown that's being built from the top down.