Shelborne Development is in the midst of rehabbing two significant historic apartment buildings in New Center and is set to transform the block of Seward Street between Woodward and Second avenues with renovations.
The renovations promise to turn some of the biggest, blighted structures in New Center into vibrant buildings filled with new residents. When it's all said and done, the rehabs will bring well in excess of 100 new rental units to the northern tip of the greater downtown area.
"I have always loved that block of Seward," says Kathy Makino-Leipsitz, co-owner of Shelborne Development. "It is one of the prettiest blocks of multi-units in the city. Hopefully, we will be able to turn that block into what it used to be."
The Indian Village-based development firm is the driving force behind the renovation spree taking place in Palmer Park
. Its rehabs have expertly leveraged tax credits and other incentives to turn the Art Deco beauties into high-quality rentals
that include energy-efficient systems and appliances, insulation, stainless-steel appliances and granite countertops, among other amenities. These rehabs go the extra mile to preserve the historical character of the buildings, which are often chosen in large part because of the architectural beauty.
Makino-Leipsitz plans to do the same thing with at least half a dozen of the apartment buildings in New Center, most of which are vacant and have fallen into disrepair. The first two, which are currently under renovation, are 112 Seward and 628 Delaware.
The apartment building at 112 Seward is called the Birchmont Apartments. It stands as a 3.5-story building with a blond-brick facade and is just east of the 120 Seward condo building. It will house 31 units that include 1-, 2-, and 3-bedroom apartments. 628 Delaware is a tudor-style structure that stands four stories overlooking New Center Commons Park just west of Second Avenue.
"That Delaware apartment building is a beautiful building," Makino-Leipsitz says. "It will be 18 units when we're done."
Both buildings, each about 100 years old, are set to come online in August and fully occupied by the end of the year. They will bring 49 units of workforce housing to the rental market. The buildings previously housed 54 units. The developers redesigned the units to offer bigger spaces with more rooms.
Shelborne Development also owns 59, 69, 90, 93, and 100 Seward, which are all high-density apartment buildings on the first block of Seward west of Woodward. The firm has already renovated 93 Seward and plans to renovate 90 and 100 Seward as market-rate rentals next. It recently acquired 59 and 69 Seward, which have long been problem buildings with out-of-town ownership, and plans to renovate those, too, within the next few years.
Source: Kathy Makino-Leipsitz, co-owner of Shelborne Development
Writer: Jon Zemke
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