Here's another sign that Downtown and Midtown are increasingly becoming the Manhattan of Detroit.
In other words, it's becoming increasingly more expensive to live there.
Kirk Pinho of Crain's Detroit Business reports that owner of the historic former Detroit Fire Department training facility and maintenance garage in the Eastern Market area on Russell Street is putting in $1 million to convert the apartments into loft-style condominiums.
Improvement will include stainless steel appliances, polished and sanded concrete floors, new sink fixtures and full-size washers and dryers, Crain's reports.
And the prices, at least by Detroit standards, won't be so cheap.
Crain's reports that a 523-square-foot studio will go for $124,800; a one-bedroom unit with 1,199 square feet for $199,800; and a two-bedroom, two-bathroom unit with 1,827 square feet and a private outdoor terrace for $329,800. -- Allan Lengel
