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Karp, Prater Complete $30M Conversion of Historic Building in Detroit

Located at 1145 Griswold St., Capitol Park Lofts now features 63 apartment units.

Located at 1145 Griswold St., Capitol Park Lofts now features 63 apartment units.

DETROIT — Developers Karp and Associates and Prater Development have completed a $30 million conversion of a former retail and office building into Capitol Park Lofts, a 63-unit apartment property in Detroit’s Capitol Park neighborhood. Floor plans range from studios to two-bedroom units with monthly rents starting at $998. The 80,800-square-foot building was originally constructed in 1912. The property, located at 1145 Griswold St., also features second-floor office space and Prime + Proper restaurant. The project team included architecture and design firm Kraemer Design Group and construction manager Buildtech.

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