The Lafer Building on Broadway is entering the final stages of its rehabilitation. Developer Michael Mercier expects tenants to move in this October or November.
The front facade's original windows and red terra cotta have been "meticulously restored," says Mercier. His involvement in the building stems from three reasons: his belief in Detroit's revival, his son's degree in construction management and his familial connection to the Lafer Building itself. The building was actually developed by his grandfather in 1916 and the bricks that he has restored were manufactured by his great-uncle.
The building will feature 16 apartments with two basic two-bedroom configurations. The two-bathroom units are 1,800 square feet and overlook Broadway; those with one bathroom face the Skillman branch of the Detroit Public Library and are 1,500 square feet. Rents will range from $1,250 per month to more that $2,000 per month for penthouse units. An elevator will take tenants directly to their unit, where the interiors feature granite countertops, maple cabinets, brick walls and polished concrete floors.
The 3,500-square foot ground floor space can be made even larger with the addition of a mezzanine. Anticipating a restaurant tenant, ductwork has been installed that can accommodate a kitchen.
A website is forthcoming. In the meantime, queries about the building can be directed to Mercier at 248-244-0007.
Source: Michael Mercier, Mercier Development Lafer LLC
Writer: Kelli B. Kavanaugh
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