The Triton Investment Co. is quietly snapping up buildings in Detroit.
The suburban Denver company has acquired Town Apartments at First and Bagley downtown and plans to modernize the building, R.J. King of DBusiness reports.
Renovations will include upgrades to most of the 255 residences, improvements to common areas, heating and cooling and new amenities, the magazine says.
The deal marks the ninth residential project in Detroit in recent years by Triton Investment, based in Greenwood Village, a suburb of Denver. Earlier this year, the company acquired five properties along and near East Jefferson Avenue — Kean Apartments, Hibbard Apartment Building, Van Dyke Manor, Parker Residences, and most recently, Trombley Lodge Apartments, a three-story structure that offers 40 units.
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