Byzantine and sbe will develop mixed use project in Detriot
sbe and partner byzantine holding will develop Temple Detroit. The $72 million project will redevelop a nearly century-old, 190,000-square-foot office building into a 100-key hotel, plus 70 residential units.
Temple Detroit is a $72 million project that will combine 100 hotel guestrooms, 70 residential units and three foos and beverage venues in downtown Detroit’s Cass Corridor. The eight story, 190,000 square foot building dates to the 1920s and was designed by Albert Kahn for the Standard Accident Insurance Co. Additively, the redevelopment is scheduled to open in June 2020.
According to the news in CP Executive, the property reportedly will be the first in the luxury House of Originals brand that was announced last month by sbe and Accor. Its amenities will include DJ’s and live music in a subterranean club, a rooftop pool and lounge with skyline views of Detroit, a full-service spa, along with indoor and outdoor event spaces.
The project’s includes partners Christos Moisides, David Sutherland and Gretchen Carhartt Valade, with Detroit-based Chemical Bank providing financing. Architect McIntosh Poris, Rockford Construction and Kravitz Design, Lenny Kravitz’s New York-based interior design company, are also involved in the redevelopment.
The property is situated at 640 Temple St. The location is just two blocks from Little Caesar’s Arena, Comerica Park, Ford Field and about 1 mile from Detroit’s central business district.
Source: CP Executive
Fulya Altunyay/ [email protected]