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Developers Finish at $82M Fort Shelby Redo

DETROIT-The 56 apartments are now available at high per-month prices, while the hotel on the bottom floors is also up and running.

By Robert Carr | Updated on January 06, 2009

DETROIT-Fourmidable, the manager of the new apartments at the redeveloped Pick-Fort Shelby Tower in the Downtown, tells GlobeSt.com that the 56 units are now ready to be leased. The 92-year-old building has gone through an $82 million renovation into a mixed-use building, with the apartments and 203 hotel rooms, by a joint venture that includes Eugene Curtis, Leo Phillips, Richard Curto and Emmett Moten, the former chief of development under former Mayor Coleman Young.

The Hilton Doubletree hotel opened in December on the first 10 floors. Scott Allen, president of Fourmidable, was in the apartments today going through final punch-lists. “We’ve had very good interest, but have not been able to start showing the units until this week because of construction schedules. So far we have verbal commitments for three units, and we’re expecting to formalize those deals in the next two days,” Allen tells GlobeSt.com.

There are 12 one-bedroom units, two two-story penthouse units and the rest are two-bedroom units. The rents for the basic units range from $1,630 to $3,185 per month, with the penthouses leasing for more.

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