Shelborne Development expects to bring two more Palmer Park apartment buildings
online soon with Palmer Lodge and the Seville Apartments next on deck for a complete restoration. Work is currently ongoing at the two buildings and approaching a finish.
"Both will be online by the end of the year," says Kathy Makino-Leipsitz, who co-owns Shelborne Development with her husband Mark Leipsitz.
Palmer Lodge is the large, four-story apartment building overlooking the southern tip of Palmer Park at the intersection of Woodward Avenue and Covington Drive. The Tudor-Revival was designed by Weidmaier and Gay and built in 1925 at 225 Covington. Indian Village-based Shelborne Development is redeveloping it into 54 apartments and space for up to two businesses in its basement, such as a coffee house or martini bar.
The Seville Apartments
, a stately brick building located at 750 Whitmore, is also being redeveloped into 16 apartments. The four-story structure stands sentinel at the corner of Third Avenue and Whitmore Street and has been vacant for years. Shelborne Development is redeveloping both buildings with a bevy of green and modern features like new Energy Star appliances, high-efficiency furnaces, insulation and granite countertops. It is also preserving the historical character of the buildings' exteriors and entrances, among other features.
"It's a brand new unit in the envelope of a historic building," Kathy Makino-Leipsitz says.
Shelborne Development has been working on redeveloping the Seville Apartments and Palmer Lodge since 2008, utilizing a tool box of economic tools such as historic tax credits, brownfield tax credits and federal stimulus funds. The apartments will be made available for both affordable and market-rate housing.
Source: Kathy Makino-Leipsitz and Mark Leipsitz, co-developers of the La Vogue
Writer: Jon Zemke
Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.