Detroit Elevator Company Building To Be Converted Into Lofts

RDR Real Estate has purchased the Detroit Elevator Company Building on Franklin St. in Rivertown. They plan to convert the 25,000 square ft. building into 23 condo units averaging 1,000 in size to sell for a price of about $235 per sq. ft.. This continues the trend to convert Rivertown into a mixed use district with an emphasis on residetial units with several other condo projects having been previously announced.

Renovation is slated to begin this summer with the goal of a summer 2008 move in date.

A website has been recently launched for this project elevatorbuilding.com.