Alden Towers - Detroit, MI

Prime riverfront location with panoramic skyline and water views
Minutes from Downtown Detroit and directly across from Belle Isle Park
Excellent connectivity to major employers, retail, and entertainment
Situated within the vibrant Gold Coast – one of Detroit’s most desirable residential corridors
100% Seawall Replacement (400’ of Seawall)
Full modernization of all eight elevators and shafts
Partial Brick, Limestone Restoration and Window replacement on Tower D
Lobby renovation and new fitness equipment
New boilers, domestic hot water systems & 100% of Steam Traps in all 389 Units Replaced
Structural restoration of 26 garage columns
389 total units | 20 units fully renovated
Renovated units achieving $250 rent premiums
Upgraded kitchens, cabinets & countertops
New stainless-steel appliances
Vinyl plank flooring throughout kitchens, living rooms, & baths
Opportunity to continue renovations and drive significant NOI growth
Located in the Heart of Detroit’s Gold coast area, directly across from Belle Isle
PILOT Program Eligible → Potential $1.06 M annual property-tax savings
Historic Trophy Asset with irreplaceable riverfront location
Extensive capital improvements completed – minimal deferred maintenance
Proven rent-growth potential with $200–$250/unit premiums
Strong Detroit market fundamentals and expanding renter demand

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