"Florida development firm has been selected to renovate the historic Lafayette Building in downtown Detroit into a $40 million, 110-unit luxury condominium project along with commercial space.
Peebles, one of the nation's largest African-American-owned development firms, plans to convert the Lafayette into condos, offering one to three bedrooms, a gourmet kitchen and upscale bathrooms. Construction should take 18 months." Read more
- Source: The Detroit News.