Riverfront Condominiums, the 300 Tower of the Riverfront Towers located just west of Joe Louis Arena, has been converted into 282 luxury condos and will receive site and building improvements as well as new commercial vendors.

About 200 of the condo units have been sold during a period of 11 months. Sixty percent of the original renters purchased units. There was also a “significant amount of people moving down from the suburbs,” says Dan Woodworth of Ram Development Co.

The conversion into condos began in March 2005. Units received new kitchens and baths as well as many other significant upgrades. Units started at 550 square feet for $118,000 and went up to over 2,300 square feet for more than $625,000.

Work on site and building improvements, including remodeled corridors and lobby area and elevators, is expected to start in April. Additionally, a new restaurant will be opening by the end of February that will offer pub fare during the day and fine dining in the evenings. There also will be a revamped upscale grocer that will open sometime this spring. Both will be located in the club building. The total cost for this first phase will be more than $10 million.

An announcement for phase two, which would convert the 200 Tower into condos, is anticipated in the spring. The 100 Tower will remain as apartments.

For more information visit www.riverfrontcondominiums.com

Source: Dan Woodworth, Ram Development Co.

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