Cadillac Square building to be converted to 45 apartments
A 40,0000-square-foot building on Cadillac Square in downtown Detroit is set for a $7 million-plus conversion into 45 market-rate apartments.
Construction on the Lawyers Building at 139 Cadillac Square is expected to start in November and be complete in September, said Mike Ferlito, president of Detroit-based developer Ferlito Group.
When finished, it is planned to have 18 studio units, 18 one-bedrooms and nine two-bedrooms with rents starting at $1,250, $1,400 and $1,950, respectively.
The 10-story Lawyers Building was built in 1922, Ferlito said.