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Groundbreaking for Capitol Park Lofts fuels revitalization in Detroit

Kelly Bernero - Tuesday, May 26, 2015

On Monday, May 18, Develop Michigan, Inc., (DMI) joined development and financing partners for an exciting announcement on the site of Michigan's original Capitol, in Detroit. The Historic Capitol Park Building will soon feature urban lofts, commercial and retail space. DMI helped finance this project through a $7.25 million permanent loan. JPMorgan Chase President and CEO, Jamie Dimon attended the groundbreaking and affirmed their commitment to the City of Detroit. The Capitol Park Lofts will offer 63 apartments and 19,000 square feet of retail space downtown. The building, which is being redeveloped by Lansing-based Karp and Associates, is about 72,000 square feet at Griswold and State streets.

Please read more about this Groundbreaking in Crain's Detroit Business.

To view photos from this Groundbreaking event, please click here.

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