2233 Park Avenue, LLC
The Iodent Building
Closed: September 19, 2007

The Detroit Investment Fund’s Bridge Loan to 2233 Park Avenue, LLC will facilitate the second phase of renovations to the Iodent Building. Built in 1923, the eight-story, 33,740 square foot building is located behind the Fox Theater. Phase I was completed in 2005 and consisted of building a martini bar on the 1st and 2nd floors. Phase II renovations will include the build out of 2 office spaces on the third floor and 12 residential, market-rate, rental loft apartments on floors 4 through 8. Also included is the rehabilitation of the building’s brick, terra cotta and limestone exterior and interior.

When completed, unit amenities will include acid-washed and polished concrete floors, stainless steel appliances, ceramic tiled kitchen floors, tiled and mirrored baths, granite kitchen counters and maple cabinets. Parking will be provided for a monthly fee in the Fox Theatre parking deck which is located across the street.

This transaction was completed in partnership with Shorebank.