Ann Arbor Weather:
Friday February 23, 2018
Follow us: facebook twitter RSS feed
drawing of a house and hammer

Remodel Resources

New owners update a senior high-rise.

by Patrick Dunn

From the June, 2017 issue

Thanks to a HUD pilot program for low-income housing financing, the Cranbrook Towers senior complex is in the midst of a major renovation. Novi-based Ginosko Development Company purchased the complex in December with a $17.3 million loan secured by HUD lender Love Funding's Cleveland office. A HUD pilot program launched in 2012 expedited the deal, which also included a $3.5 million loan to rehabilitate the 1980 building. Love Funding Cleveland associate director Dave Strachan says the facility has been "impeccably" taken care of but has seen little renovation work since its construction. The yearlong project includes renovations to the facility's parking lot, doors and windows, air conditioning, and more; completion is targeted for mid-December.    (end of article)

[Originally published in June, 2017.]

 



 
Bookmark and Share
Print Comment E-mail

You might also like:

Under the Chime
Collected Collage opens in Kerrytown.
Patti Smith
Persian Immersion
At Caspian Mediterranean Grill
M.B. Lewis
Today's Events
Unmasking the Joker
In the 1980s, an Ann Arbor ice cream parlor was linked to a global marijuana network.
Greg Stejskal
Bars and Brew Pubs
Restaurants with Diapering Facilities
A clickable zoomable map
Ann Arbor Fish & Chicken
A family fries up everything from shrimp to wings.
Patti Smith
Lectures, Readings, Discussions, & Forums
Michael Leech
By the sound
Kathleen Schenck
The Pond on Traverwood?
Question Corner: December 2017
Tim Athan
Regent Hotel
Delux Drapery offers window treatments in Ann Arbor, Michigan like draperies, curtains, shutters & H
Jared Dwarshuis Handyman and Home repaires