Click for Ann Arbor, Michigan Forecast
Friday August 18, 2017
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:

Restaurants with Delivery Available
A clickable zoomable map
Natural Medicine
Alex Rea says locally grown medicinal herbs are "having their moment."
Patrick Dunn
Driving for Tips
Food delivery in the age of Uber
James Leonard
Gallery & Museum Exhibits & Tours
Pharmacy Fake-Out
After eighteen months, CVS promises to update its signs.
Tim Athan
Photo: Skateboarder on Summit St.
Voice from the Past
Dan Chace's next documentary celebrates Bob Ufer.
Jan Schlain
Photo: Sunlit Eve (view of Main St.)
Jim Cogswell's Arts And Antiquities, by Lois Kane
Films
Arbor Hospice Palliative Care
65th Annual Used Book Sale Proceeds Support Scholarships for Women
spark ann arbor