Sunday, January 27, 2013

Lafayette Towers renovations?

My Detroit home has a new owner. I've seen a few articles since Gregory Jackson purchased the towers and they all seem to say the right things - he's planning on renovating and improving the units and the entire complex. $5 million, as my friend Ryan pointed out, seems like a pretty low amount based on how my kitchen and bathroom look (1960s), and that doesn't even touch the heating/cooling issues, the hallways, nor the state of the parking lot. But, $5 million is $5 million, and it's likely more money than has been invested in the property in many years. Mr. Mies can't complain with that.

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