Business & Investments

DuCharme Place, Detroit’s Premier Downtown Apartment Community

DuCharme Place, Detroit Michigan

Detroit, Michigan (PRWEB) April 02, 2015

The City of Detroit will soon proudly welcome its most significant new residential development in nearly half a century. Nestled in historic Lafayette Park designed by world-renowned architect Mies van der Rohe, DuCharme Place is a 185 unit, $ 42 million upscale residential community that will begin construction at 1544 E. Lafayette, just east of the iconic 1300 East Lafayette Building. Scheduled to accept residents in the first quarter of 2016, DuCharme will support the City and local employers by serving the growing need for high-quality housing in a market where rental occupancy exceeds 97%.

Set in a lush, park-like landscaped area amongst the simple steel and glass structures of Lafayette Park which epitomize the International Style of architecture, DuCharme will find its place amongst the masterpieces of Detroit’s urban gems. DuCharme is positioned to be Detroit’s premier greater downtown community with all the amenities and conveniences of contemporary living.

DuCharme is being developed by well-known local developer, Walter Cohen, who developed Stroh River Place, The Park Shelton along with more than 1,000 other apartments in the City. Over the past 30 years, Cohen and his affiliates have developed and built more than 3,000 apartments in the Metropolitan Detroit Area. Mr. Cohen commissioned McIntosh Poris to design DuCharme and Sachse Construction to build it. Long-term HUD mortgage financing was recently secured.

DuCharme is within walking distance to the attractions and employment of the Central Business District, adjacent to the Dequindre Cut and a short stroll from the River Walk. It is within close proximity to all main thoroughfares serving the downtown area and is conveniently located near public transportation.

The luxury new construction will offer an attractive floor plan mix with sizes ranging from 500 to over 1,000 square feet and rents in the $ 900 to $ 1,800 range. The apartment mix includes 107 two-bedrooms, 66 one-bedrooms and 12 studios. Each apartment will have dedicated, secured, enclosed, on-site parking along with a large range of on-site amenities not currently present in the market. With an open air feel and modern kitchen appliances, a large glass enclosed fully-equipped fitness center, rooftop gardens, high speed Internet, fully connected business center, 24/7 full-site monitored security and a resort style swimming pool with deck, residents will experience an oasis within Detroit. DuCharme will have a one-of-a-kind, private 1.5 acre sky terrace where residents can relax amongst plush landscaping, a Zen meditation area and a unique barbequing area. Select apartments will feature private balconies/terraces, fireplaces, steam showers and dual master suite for private shared living arrangements. Apartment finishes include hardwood flooring, upgraded tile, designer cabinetry with stainless steel appliances, in-unit washer/dryer and built-in dishwashers.

“DuCharme’s private, serene living is steps away from the vibrancy of downtown. With beautiful views of the Detroit River from the DuCharme Sky Terrace, residents will be able to meditate at the Zen gardens, relax with friends at the pool or enjoy a bike ride or run on the Dequindre Cut. We are excited to be the first to bring such a unique living environment to Detroit,” shared David Cohen, Co-Managing Member, DuCharme Place, LLC.

Through Detroit’s recent resurgence, the central business district has become a significant center for entertainment and the arts, with expanding theater districts, the presence of three major professional sporting venues, and the opening of three casinos. Further, major employers have moved back into the City. This significant influx has created additional demand for rental units in and around the greater downtown area.

“It is these positive developments that prompted us to continue our long-term investment in the City and build our next major community here. We are privileged to have industry leaders in our own backyard dedicated to the continued growth of the greater downtown area and look forward to long-term relationships with the many companies fueling the growth of our urban core,” affirms Mr. Cohen.

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