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Chicago & Midwest  + Midwest  + Apartments  | 

$150M Lafayette West Development Will Transform Detroit’s Historic Lafayette Park

Dignitaries joined Detroit developer Mark Bennett Tuesday for a ceremonial groundbreaking on Lafayette West, a 318-unit, condominium and apartment community that will serve as a connecting point between Lafayette Park and the greater downtown area on many fronts.

Located in Lafayette Park, the development is in walking distance to several area attractions, employment areas of the Central Business District, arenas and entertainment venues, the Eastern Market, the Dequindre Cut bicycle/walking path, the new Meijer Rivertown Market, and the River Walk, Detroit’s riverfront park.

Lafayette West is a $150-million upscale, residential, condominium and apartment community, that will offer a mix of studio, one-bedroom and two-bedroom floor plans ranging in size from 436 to 1,223 square feet, with secured and enclosed parking, gourmet kitchen appliances, a large fitness center, swimming pool, electric vehicle charging stations for all vehicles, co-working, club room and social room.

Twenty percent of the 230 apartments have below market rents to provide affordable housing. All of the affordable units are proportional to each building’s unit/floorplan mix and are unrestricted as to location within the building.

“We saw this as an ideal opportunity to develop a unique community to contribute to the lives of the Lafayette Park neighborhood,” said Bennett. “Lafayette West offers differentiating amenities and is centrally located, while offering affordable living to Detroiters.”

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About Ted Jackson

A highly successful financial journalist, corporate financial writer and magazine entrepreneur with strong expertise in writing on fixed income and pass-through securities (ABS), finance and banking, the economy, economic developments, financial markets, investing and personal finance, the business of behavioral healthcare and more.

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