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Detroit CBD Now a Hot Multifamily Market

The downtown has become a vibrant office market, and residential units have followed.

By Brian J. Rogal | Updated on January 12, 2018

The city lost the historic Statler Hotel more than a decade ago, but hundreds of new apartments will take its place.

DETROIT—City Club Apartments broke ground yesterday on a project that will bring yet more rental units to Detroit’s CBD, now one of the most active multifamily markets in the Midwest. Its City Club Apartments—Central Business District Detroit will provide 288 apartments and penthouses, as well as 13,000-square-feet of street level space. Mayor Mike Duggan and Detroit native Jonathan Holtzman, chairman and chief executive officer of City Club Apartments, were among the speakers at the event.

“This is a site of great historical significance and we take seriously our responsibility to deliver a special community to the city,” said Holtzman. Located at the corner of Washington Blvd. and Park Ave. facing Grand Circus Park, the site was once home to the Statler Hotel. The historic 18-floor hotel, which was built in 1915, hosted a who’s who list of business, sports, arts and entertainment and political guests for six decades.

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