New owner investing $15M to renovate Detroit's Lafayette Towers
Posted:
Updated:
By Alexis Wiley, Fox 2 News -
Detroit's Lafayette Towers will be undergoing a renovation. (Credit: Fox 2 News)
DETROIT (WJBK) -
Lafayette Towers has been around since the early sixties, but now its new owner has plans to recapture it's former glory.
"To see the city coming back and exciting things happening within its city center, it's just phenomenal. It's what I've been waiting on for the last 20, 25 years," said Gregory Jackson.
He is the new owner of Detroit's Lafayette Towers, a nearly 600 unit apartment complex built in the sixties and designed by renowned architect Mies Van Der Rohe. It's just steps from downtown Detroit, a full service grocery store and offers killer views of the city.
Jackson walked me through his plans for what he calls one of Detroit's jewels.
"We've got to put the dress back on Cinderella," he said.
The Prestige Automotive CEO bought the recently foreclosed property last December for nearly $6 million. He's investing another $15 million in what he calls a makeover, revamping everything from the HVAC systems to the units themselves. He's even designing a new fitness center and Internet cafe all to create a community everyone from young professionals to retirees will want to call home.
"My vision is having people sitting around in the lobby with their iPads and whatnot. They're having a coffee," said Jackson. "I see a new Detroit when I see the Lafayette Towers today."
"Detroit is where I grew up. Detroit is home," he added. "To be a part of it and invest in it is just a natural for me. It's what I and all true Detroiters should do if they have an opportunity."
Jackson told me that the renovations should take about 18 months to complete. For more information, you can visit www.lafayette-towers.com.
Thursday, May 16 2013 9:04 PM EDT2013-05-17 01:04:18 GMT
13 people were shot in Detroit in just 24 hours, five from one block, including a woman who was just hours away from a kidney transplant. She did not survive.
13 people were shot in Detroit in just 24 hours, five from one block, including a woman who was just hours away from a kidney transplant. She did not survive.
Thursday, May 16 2013 8:23 PM EDT2013-05-17 00:23:43 GMT
54-year-old Almeter Walls was set to have a transplant surgery on Thursday, but instead she is dead. We're told she was shot when a neighborhood argument ended in gunfire. The shooting also left four others wounded.
54-year-old Almeter Walls was set to have a transplant surgery on Thursday, but instead she is dead. We're told she was shot when a neighborhood argument ended in gunfire. The shooting also left four others wounded.
Wednesday, May 15 2013 9:01 PM EDT2013-05-16 01:01:40 GMT
Recess at Academy of the Americas in southwest Detroit is 20 minutes out of the day where all kids have to do is play, and that time is more valuable than you think.
Recess at Academy of the Americas in southwest Detroit is 20 minutes out of the day where all kids have to do is play, and that time is more valuable than you think.
Sunday, May 19 2013 12:24 AM EDT2013-05-19 04:24:33 GMT
Officials in Connecticut say it was amazing that there were no fatalities or more injuries after two Metro-North trains collided around 6 p.m. in Fairfield Friday evening.
Officials in Connecticut say it was amazing that there were no fatalities or more injuries after two Metro-North trains collided around 6 p.m. in Fairfield Friday evening.
Sunday, May 19 2013 12:13 AM EDT2013-05-19 04:13:53 GMT
The NYPD says a 14-year-old girl was shot and killed on a Queens MTA bus Saturday night. The incident happened around 8:50 p.m. on board the Q-6 bus on Sutphin Avenue and Rockaway Boulevard
The NYPD says a 14-year-old girl was shot and killed on a Queens MTA bus Saturday night. The incident happened around 8:50 p.m. on board the Q-6 bus on Sutphin Avenue and Rockaway Boulevard
Sunday, May 19 2013 12:05 AM EDT2013-05-19 04:05:15 GMT
Authorities say one person is dead and another was injured when the vehicle they were in ran off the road and crashed into Huntington harbor on Long Island Saturday evening.
Authorities say one person is dead and another was injured when the vehicle they were in ran off the road and crashed into Huntington harbor on Long Island Saturday evening.
Saturday, May 18 2013 10:14 PM EDT2013-05-19 02:14:35 GMT
An airline official says a US Airways flight with 34 people aboard was forced to make a belly landing at Newark International Airport after experiencing landing gear trouble. No injuries were reported.
An airline official says a US Airways flight with 34 people aboard was forced to make a belly landing at Newark International Airport after experiencing landing gear trouble. No injuries were reported.
Saturday, May 18 2013 8:33 PM EDT2013-05-19 00:33:09 GMT
A 12-year-old boy was shot and killed and his father was wounded on a Jersey City street Friday night. Police say Gywan Levine Jr. and his father, Gywan Levine Sr., were walking on Rutgers Avenue
A 12-year-old boy was shot and killed and his father was wounded on a Jersey City street Friday night. Police say Gywan Levine Jr. and his father, Gywan Levine Sr., were walking on Rutgers Avenue
Saturday, May 18 2013 6:52 PM EDT2013-05-18 22:52:45 GMT
A large crowd of supporters in the Bronx joined the parents of a slain teen to protest a judge's ruling Saturday. Constance Malcolm and Francelot Graham whose son Ramarley was killed back in February
A large crowd of supporters in the Bronx joined the parents of a slain teen to protest a judge's ruling Saturday. Constance Malcolm and Francelot Graham whose son Ramarley was killed back in February
Sunday, May 19 2013 12:01 AM EDT2013-05-19 04:01:16 GMT
It was supposed to be their big night, but prom turned into a big headache for teens from a local high school. Police showed up to crack down on an unauthorized limo service.
It was supposed to be their big night, but prom turned into a big headache for teens from a local high school. Police showed up to crack down on an unauthorized limo service.
Friday, May 17 2013 11:55 PM EDT2013-05-18 03:55:04 GMT
"We intend to build cars in North America for [the] North American market, build cars in Europe for the European market and build them in Asia for the Asian market," said Don Graunstadt.
"We intend to build cars in North America for [the] North American market, build cars in Europe for the European market and build them in Asia for the Asian market," said the CEO of North American Operations for the electric car company.
Friday, May 17 2013 10:19 PM EDT2013-05-18 02:19:58 GMT
It can creep up on you without you realizing it. One day you step on the scale and you're obese. That's what happened to a St. Clair Shores woman who never though she would lose the weight.
It can creep up on you without you realizing it. One day you step on the scale and you're obese. That's what happened to a St. Clair Shores woman who never though she would lose the weight.
Friday, May 17 2013 8:43 PM EDT2013-05-18 00:43:34 GMT
Sabrina Gianino was found dead with a cord around her neck inside a Grosse Pointe Park home early Thursday morning. The medical examiner has ruled her death a homicide.
Sabrina Gianino was found dead with a cord around her neck inside a Grosse Pointe Park home early Thursday morning. The medical examiner has ruled her death a homicide.
Detroit's Lafayette Towers will be undergoing a renovation. (Credit: Fox 2 News)
