Been looking to buy some Mies Van Der Rohe-designed architecture?
How about two whole identical towers?
The foreclosed Lafayette Towers and their 584 total apartments will be sold to the highest bidder on July 18th. With that announcement, the Department of Housing and Urban Development also released a document titled “Invitation to Bid,” an 80-page monster that lays out exactly what you’re agreeing to when you drop your name in the hat to bid.
The new owner will have to make more than $10 million in HUD-required repairs that must be completed within 18 months of purchase.
Read more:
Curbed Detroit
