New owner investing $15M to renovate Detroit's Lafayette Towers - Philadelphia News, Weather and Sports from WTXF FOX 29

New owner investing $15M to renovate Detroit's Lafayette Towers

Posted: Updated:
Detroit's Lafayette Towers will be undergoing a renovation.  (Credit: Fox 2 News) Detroit's Lafayette Towers will be undergoing a renovation. (Credit: Fox 2 News)
DETROIT (WJBK) -

Lafayette Towers has been around since the early sixties, but now its new owner has plans to recapture it's former glory.

"To see the city coming back and exciting things happening within its city center, it's just phenomenal.  It's what I've been waiting on for the last 20, 25 years," said Gregory Jackson.

He is the new owner of Detroit's Lafayette Towers, a nearly 600 unit apartment complex built in the sixties and designed by renowned architect Mies Van Der Rohe.  It's just steps from downtown Detroit, a full service grocery store and offers killer views of the city.

Jackson walked me through his plans for what he calls one of Detroit's jewels.

"We've got to put the dress back on Cinderella," he said.

The Prestige Automotive CEO bought the recently foreclosed property last December for nearly $6 million.  He's investing another $15 million in what he calls a makeover, revamping everything from the HVAC systems to the units themselves.  He's even designing a new fitness center and Internet cafe all to create a community everyone from young professionals to retirees will want to call home.

"My vision is having people sitting around in the lobby with their iPads and whatnot.  They're having a coffee," said Jackson.  "I see a new Detroit when I see the Lafayette Towers today."

"Detroit is where I grew up.  Detroit is home," he added.  "To be a part of it and invest in it is just a natural for me.  It's what I and all true Detroiters should do if they have an opportunity."

Jackson told me that the renovations should take about 18 months to complete.  For more information, you can visit www.lafayette-towers.com.

  • Local NewsLocal NewsMore>>

  • Easter Sunday benefit for Steve Utash and crime victims

    Easter Sunday benefit for Steve Utash and crime victims

    Sunday, April 20 2014 11:46 PM EDT2014-04-21 03:46:19 GMT
    Since his near death beating by a mob, family, friends and total strangers have rallied around Steven Utash. The latest show of support was on Easter Sunday at Bethany Baptist Church in Detroit.
    Since his near death beating by a mob, family, friends and total strangers have rallied around Steven Utash. The latest show of support was on Easter Sunday at Bethany Baptist Church in Detroit.
  • Wanted suspect arrested for high profile crimes

    Wanted suspect arrested for high profile crimes

    Sunday, April 20 2014 11:43 PM EDT2014-04-21 03:43:01 GMT
    A wanted suspect connected to serious crimes in Metro Detroit is now in custody. Ray Slayton, 47, was arrested Sunday morning at a hotel in Warren on felony drug charges.
    A wanted suspect connected to serious crimes in Metro Detroit is now in custody. Ray Slayton, 47, was arrested Sunday morning at a hotel in Warren on felony drug charges.
  • Recall: Kraft Foods recalls 96,000 pounds of Oscar Mayer Classic Wieners

    Recall: Kraft Foods recalls 96,000 pounds of Oscar Mayer Classic Wieners

    Sunday, April 20 2014 9:36 PM EDT2014-04-21 01:36:39 GMT
    Kraft Foods is recalling approximately 96,000 pounds of Oscar Mayer Classic Wieners because the products may contain Classic Cheese Dogs in the Classic Wieners' packages.
    Kraft Foods is recalling approximately 96,000 pounds of Oscar Mayer Classic Wieners because the products may contain Classic Cheese Dogs in the Classic Wieners' packages.
Powered by WorldNow

WTXF-TV
330 Market Street
Philadelphia, PA 19106-2796

Phone: (215) 925-2929
Fax: (215) 982-5494

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices