Denver-based company rehabs historic Detroit apartment complex - New York News

Denver-based company rehabs historic Detroit apartment complex

Posted: Updated:
Alden Towers on East Jefferson in Detroit Alden Towers on East Jefferson in Detroit
A refurbished apartment inside Alden Towers A refurbished apartment inside Alden Towers
The lobby inside Alden Towers The lobby inside Alden Towers
DETROIT (WJBK) -

Alden Towers, a historic Detroit building that features luxury apartments with unbeatable views, is ready for new residents.

"I really see Detroit as the land of opportunity," said Luke Davis.

That comes from someone who is not from here, but Davis is smart enough to recognize a gem when he sees it.

"You're right on the riverfront.  You've got Belle Isle right across the way.  So [we've] got some of the nicest assists of Detroit surrounding us," he said.

Alden Towers is a 380 unit apartment complex on East Jefferson.  It was  built in 1922 just steps away from the homes of the Fords and the Strohs.  The mansions are gone, and by the 1990s, the building had fallen on hard times.

"The previous owner put a bunch of money into purchasing it, got a big loan and didn't put any of the loan proceeds back into the property and then neglected it for many years," Davis explained.

Criminals and squatters moved in, and units were trashed.

"It was on the ropes, and it might have been ready for a wrecking ball," said Davis.

However, he and Denver-based Triton Properties saw the building as an opportunity.  The company pushed out the criminals and squatters and have been rehabbing every inch of it.  There is a new fitness center, swanky lobby and free Wi-Fi.  A newly renovated one bedroom apartment is about $650 a month, $125 more than the old units.

The company is hoping to draw new tenants who are excited about Detroit and it's hidden potential.

"The possibilities are endless around here, and aside from Dan Gilbert, no one's really focusing on it," Davis said.

For more information about Alden Towers, visit www.aldentowers.com.

  • Local NewsLocal NewsMore>>

  • Cops: 73-year-old man shoots neighbor in dispute

    Cops: 73-year-old man shoots neighbor in dispute

    Monday, April 21 2014 7:37 AM EDT2014-04-21 11:37:28 GMT
    A 73-year-old Connecticut man will be appearing before a state judge after being charged with shooting his neighbor three times during an argument on Easter morning.
    A 73-year-old Connecticut man will be appearing before a state judge after being charged with shooting his neighbor three times during an argument on Easter morning.
  • Brand names in NY standardized tests vex parents

    Brand names in NY standardized tests vex parents

    Monday, April 21 2014 6:43 AM EDT2014-04-21 10:43:41 GMT
    "Just Do It" has been a familiar Nike slogan for years, but now parents are wondering what it was doing on some of New York's Common Core standardized English tests.
    "Just Do It" has been a familiar Nike slogan for years, but now parents are wondering what it was doing on some of New York's Common Core standardized English tests.
  • Skydiver dies after crashing into NJ backyard

    Skydiver dies after crashing into NJ backyard

    Monday, April 21 2014 6:10 AM EDT2014-04-21 10:10:41 GMT
    New Jersey NewsNew Jersey News
    A 49-year-old sky diver from Brooklyn died after crashing into the backyard of a home in New Jersey. According to officials, Arkady Shenker wore a specialized parachute during the jump. Shenker was known to be an experienced skydiver who had more than 300 jumps under his belt.
    A 49-year-old sky diver from Brooklyn died after crashing into the backyard of a home in New Jersey. According to officials, Arkady Shenker wore a specialized parachute during the jump. Shenker was known to be an experienced skydiver who had more than 300 jumps under his belt.
  • Local NewsLocal NewsMore>>

  • Clutch Cargo's returns to religious roots

    Clutch Cargo's returns to religious roots

    Monday, April 21 2014 7:54 AM EDT2014-04-21 11:54:45 GMT
    Clutch Cargo's, a southeastern Michigan church building that spent several years as a nightclub, reopened as a house of worship on Easter Sunday.
    Clutch Cargo's, a southeastern Michigan church building that spent several years as a nightclub, reopened as a house of worship on Easter Sunday.
  • Kraft Foods recalls 96,000 pounds of Oscar Mayer Classic Wieners

    Kraft Foods recalls 96,000 pounds of Oscar Mayer Classic Wieners

    Monday, April 21 2014 7:51 AM EDT2014-04-21 11:51:36 GMT
    Kraft Foods is recalling approximately 96,000 pounds of Oscar Mayer Classic Wieners because the products may contain Classic Cheese Dogs in the Classic Wieners' packages.
    Kraft Foods is recalling approximately 96,000 pounds of Oscar Mayer Classic Wieners because the products may contain Classic Cheese Dogs in the Classic Wieners' packages.
  • Van Dyke improvement project underway in Warren, Centerline

    Van Dyke improvement project underway in Warren, Centerline

    Monday, April 21 2014 7:42 AM EDT2014-04-21 11:42:43 GMT
    A massive construction project is underway in Macomb County. If you travel on Van Dyke, you know how rough it is. Now, jackhammers are out there tearing up a two-and-a half mile stretch from 11 Mile to Chicago Rd.
    A massive construction project is underway in Macomb County. If you travel on Van Dyke, you know how rough it is. Now, jackhammers are out there tearing up a two-and-a half mile stretch from 11 Mile to Chicago Rd.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices