Kaftan Communities, a Michigan based multi-family property owner/manager, has purchased the Stanford Townhouses in Southfield, Michigan.
Located on Stanford Drive West, the community includes 118 two- and three-bedroom townhomes with private entrances. The property will be renamed “Uptown 11 Townhouses.”
Kaftan purchased the property from Dominion Realty. The deal closed June 24, 2022. Terms of the acquisition were not disclosed.
A number of interior and exterior renovations are planned for the property including new flooring, cabinets, stone countertops, plank flooring on the first floor and a new lighting package. The project will include both occupied and unoccupied units in the complex, as well as updated exterior elevations.
Built in 1977, today the property currently includes a playground (tot lot) and some trails as well as manicured grounds, paved walking paths, carports, extra storage, and on-site management and maintenance teams.
