New life for downtown’s Broderick Tower

Downtown Detroit’s long-dormant Broderick Tower may soon begin a second life as renovated residential apartments.  The word on the street? Ann Arbor’s J.C. Beal Company is representing the owners for the sale, with Bank of America handling the financing. We’re excited to see the downtown revitalization spearheaded by Quicken Loans continue to steamroll, not to mention major banks getting behind Detroit again.

Excerpt:

Robert Kraemer, president of Kraemer Design Group, a Detroit
architectural firm working on the project, said the financial closing is
expected to be finished by early next week, with Bank of America and
other financial entities providing financing.

“It’s as real as it gets,” Kraemer said. “It’s exciting. It’s a real deal.”

Stay tuned to Model D as news from Broderick continues to unfold. Read the rest of the story here.