The Exchange Building being built via the LIFTbuild methodology in downtown Detroit’s Greektown neighborhood took home the 2023 CoStar Impact Award for Best New Multifamily Development. CoStar’s Impact Awards highlight the commercial real estate transactions and projects that have transformed the market over the past year. The winners of CoStar Impact Awards are chosen by …
On April 30, LIFTbuild began its first lift on the Exchange project in Detroit, taking the next step to validate the years of research, development, and testing put into this technology. Traveling at a speed of 20’ per hour, the lift took approximately 10 hours and was locked into place on Sunday, May 1. With …
With brighter days ahead in Michigan, Exchange continues to press on. Caisson installation is nearing completion and the site will soon begin underground utility work and building foundations. Exchange was recently featured in the Detroit Free Press as one of 10 local projects that have successfully navigated through construction challenges due to the COVID-19 pandemic. …
Exchange is ready to initiate construction on the first multifamily high-rise within the City of Detroit in nearly 30 years. Multiple events and announcements are planned leading up to the Exchange’s opening, and we are excited to share a few updates. Our sales and brokerage teams will be ramping up activity in the next few …
Largest new building in Greektown since casino hotel in 2009 A planned mixed-use residential development in Greektown continued moving forward Tuesday with approval from the Michigan Strategic Fund for a Brownfield redevelopment incentive. The project, dubbed Exchange, also received Detroit City Council approval for a Neighborhood Enterprise Zone tax abatement. Exchange is a 16-story high-rise …
Community revitalization through innovation The Michigan Strategic Fund approved several community revitalization projects around the state Tuesday. Among them was Exchange, a mixed-use residential building in the Greektown neighborhood of Detroit. Through activating a currently unused space in the neighborhood, Exchange helps bridge Greektown and Detroit’s Central Business District, generates increased tax revenue, and brings …
Interest is building in new Greektown residential development On Saturday, September 12th, Hour Detroit hosted the 5th annual Downtown Living Tour. Pivoting to accommodate the need for maintaining COVID-19 safety precautions, this year’s event was a socially distanced, self-guided tour beginning at Alexander Real Estate Detroit’s New Construction Hub located in Beacon Park. There, guests …
Plans move forward for inaugural LIFTbuild project Detroit’s Greektown skyline will soon see a dramatic new addition – the neighborhood’s first residential tower. Dubbed Exchange Detroit, the 16-story highrise project features 165 residential units, including 12 for-sale condos exclusively on the top two levels of the building; the remaining 153 units would be rental apartments. …
Transforming Lives at CARE House In partnership with the Barton Malow Foundation, the LIFTbuild team participated in Community Week at CARE House of Oakland County, providing general building maintenance, preparing snacks, and repairing board games for some of our community’s most vulnerable children. Transforming How the World Is Built means more to our team than …
Long-vacant Shapero Hall coming down for $108 million development touted by city The first of many bricks came down Thursday as demolition work started on the dilapidated Shapero Hall in Detroit’s Lafayette Park neighborhood. Plans call for replacing the former Wayne State University pharmacy school with a $108 million apartment and condo complex from Novi-based …
