Whitney Partners, LLC a venture of Roxbury Group and Trans Inns Management, is undertaking the redevelopment of Detroit's famed David Whitney Building. Designed by renowned firm of D.H Burnham & Company and completed in 1915, the David Whitney Building originally housed offices and shops and stood for nearly a century as the elegant "David" gateway buildings to Detroit's downtown. Closed in 1999 and vacant until its acquisition by Whitney Partners, the David Whitney is being reborn as a $92 million mixed-use project including a 136 room Aloft Hotel by Starwood, 105 residential apartments, 11,000 square feet of meeting and ballroom space and first floor restaurants, bars and shops. In undertaking this complex redevelopment, the Whitney Partners team employed federal and state historic tax credits, as well as New Market Tax Credits, with Bank of America serving as senior lender and tax credit investor. The David Whitney is scheduled to re-open in the Fall of 2014.
Copyright 2014 The Roxbury Group. All rights reserved, except when otherwise noted.