The Albert Kahn Building, in Detroit’s New Center neighborhood, has been acquired by Lutz Real Estate Investments and Northern Equities Group. The building was owned by a group comprised of The Platform and other partners.
“The Albert Kahn Building has always been occupied and functional, and as a result, it is in great condition for a historic property,” said Adam M. Lutz, principal of Lutz Real Estate Investments. “Its large floor plates, ideal location and architectural beauty make it ideal for a multifamily development.”
The approximately 300,000-square-foot building, which once housed a Saks Fifth Avenue, will be converted into more than 200 apartments, said Jon Epstein of Lutz Real Estate Investments.
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