Business

Gilbert Begins Leasing Apartments in the Ex-Detroit Free Press Building

September 18, 2020, 1:18 AM

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Renovated lobby at the 1925 landmark designed by Albert Kahn. (Photos: Bedrock Detroit)

The former Detroit Free Press building, which for decades cranked out some of the city's best journalism, is now leasing 105 new apartments, Kirk Pinho of Crain's Detroit Business reports.

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Dan Gilbert's Bedrock real estate firm has been working for years on the $113-million renovation of the building at 321 W. Lafayette Blvd. downtown. Move-ins begin in October at what's now named The Press/321.

The ground level will house stores. Offices will be on the second and third floors. A seventh-floor rooftop will have a pool and gas grills.

Studio apartments, which range from 419 to 530 square feet, start at $995 per month, Crain's reports.  One-bedroom units start at $1,300, with square footages between 499 and 736. Two-bedroom units, which range from 1,017 to 1,165 square feet, start at $2,720 and three-bedroom units, which are 1,234 square feet, start at $3,405 per month. 

The Free Press left the Albert Kahn building in 1998 and moved down the street into The Detroit News building. In 2014, both publications moved into a Gilbert-owned office building on Fort Street.


Read more:  Crain's Detroit Business


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