Village Green, a luxury apartment owner and operator founded in Detroit, received approval from the city council to proceed with a mid-rise, mixed-use apartment complex to be built next to Grand Circus Park in downtown Detroit, to be called Statler City Apartments.
The apartment project marks the first time such construction has occurred in downtown Detroit in more than 25 years. The new structure, which replaces the Statler Hotel at Washington Blvd. and Park Avenue, will be located within walking distance of Campus Martius Park, Comerica Park, Ford Field, and multiple theaters.
“We are glad to be a part of the city’s evolution,” says Jonathan Holtzman, Village Green CEO. “Our company started in downtown Detroit 96 years ago and now this will be our fourth downtown mid-rise or high-rise apartment community, bringing our investment when completed in the city to approximately $135 million.”
Construction is expected to start early next year with completion in late 2017. The building will have approximately 235 apartments, which will include nano, studio, and convertible one- and two-bedroom apartments and penthouses. The apartments will have wood floors, granite kitchen countertops, and full-size washers and dryers. Features also include a market and/or restaurant, indoor/outdoor pool, and a fitness center, among other common amenities. Leasing is expected to begin in the fourth quarter of 2016.
Holtzman and Village Green also own the Fyfe Shoe Store apartment building at Woodward and Adams, and owns and/or operates Detroit City Apartments (formerly Trolley Plaza), Renaissance City Apartments at the Millender Center, and Elmwood Park Plaza Apartments in Lafayette Park.