PHOENIX: Construction has begun on an 80-unit apartment development on top of an existing 10-story building next to the Westin Book Cadillac Detroit hotel in Capitol Park.
The Griswold, a $24 million development, is expected to have one-, two- and three-bedroom multigenerational apartments ranging from 750 to 1,600 square feet for rent by the end of next year. The project at Griswold Street and Michigan Avenue is billed as the first new-construction apartments in the central business district since Riverfront West was built in 1992.
Rental rates have not yet been determined…..