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THE NORTHERN GROUP ACQUIRES TWO HIGH-RISE APARTMENT TOWERS

DETROIT — New York-based The Northern Group has acquired Lafayette Towers, two 22-story apartment towers located inside the 78-acre Lafayette Park development in Detroit. The towers comprise a combined 584 units, and feature 24-hour attended gatehouses with concierges, fitness centers in each tower, heated outdoor swimming pools with sundecks and laundry facilities. Lafayette Towers also overlooks a 19-acre park that includes a network of walking paths connecting the towers to a mix of townhouses, tennis and basketball courts, a playground, an elementary school and a small shopping center. The Northern Group acquired the property from Chicago-based The Habitat Company for an undisclosed price.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

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