The joint venture formed by Adam Lutz of Lutz Real Estate Investments and Matthew Sosin of Northern Equities Group has completed its $70 million renovation of The Albert Kahn Building in Detroit and its conversion into 206 apartments. The property is now named The Kahn Apartments.
Located in Detroit’s New Center/Midtown North neighborhood, the 11-story, 320,000-square-foot Art Deco building was built by the Fisher brothers and designed by architect Albert Kahn. Recognized on the National Register of Historic Places, the Albert Kahn Building first opened its doors in 1931. It was home to businesses, including Kahn’s own architecture firm, for 90 years.
The first floor, with 18-foot-high ceilings and large windows, was once home to Saks Fifth Avenue. It is available and ready for a new office, showroom or retail tenant.
“The Albert Kahn Building was originally designed as one of the crown jewels of Detroit,” said
Lutz. “That was the mindset that we had when designing these apartments and restoring a historical landmark. Each of the 700 original windows was removed, hand restored and re-installed back in their original location. It’s the attention to these types of details that have impressed visitors and led to significant leasing results.”
The building’s renovation includes the conversion of the office space on floors two through 11 into 206 studio, one-bedroom, two-bedroom and three-bedroom apartments with floorplans ranging from 530 square feet to 1,317 square feet. The penthouse units feature an inerior stairwell unique to each apartment.
The Kahn Apartments includes two lounges, the Drafting Room and the 1931 Room. The Drafting Room includes a workspace area with a library and features the Bar AK. The Kahn is a pet-friendly building and offers a spa area for the pets of residents. It also offers a full gym with a 3,000-square-foot fitness center and a yoga and spinning studio. The Diamond K Club is an outdoor rooftop deck with grilling stations and views of Detroit.
The Kahn will be managed by Farmington Hills, Michigan-based Beztak.
