Automotive millionaire Gregory Jackson purchased the Lafayette Towers in Detroit and has offered plans for the restoration of the Mies van der Rohe-designed project. He wants to update the buildings with amenities intended to specifically attract young professionals.
His plan, which he reports will cost $5 million, calls for improvements to kitchens and bathrooms, fitness classes, bike racks, improved Wi-fi service and shuffleboard courts. He intends to complete the renovations within 18 months, according to Curbed Detroit.
Mr. Jackson purchased the foreclosed towers in December for $5.8 million, Detroit News reports.
"I wanted to be part of the renaissance that's taking shape in Detroit," Mr. Jackson told DN.
Find previous CTBUH coverage of the Lafayette Towers foreclosure here.