The Lofts of Merchants Row is an adaptive reuse project that creates a 178,000-square-foot complex which combines five nationally registered historic buildings and one new “ground-up” building into a new mixed-use development. The two city blocks of buildings that once housed retail and warehouse space for Detroit’s most popular department stores now blend “Loft Style” residential living and commercial retail environments. With the addition of a ten-story parking structure, the entire Merchants Row development becomes an asset to the surrounding Campus Martius area. By retaining and embracing the historic nature of the existing buildings, the development was able to utilize Historic Tax Credits, Brownfield Tax Credits and Obsolete Building Tax Credits to aid in the financing of the project.
The residential “Loft Style” units provide all the amenities that a person living in the Central Business District will need; such as an open kitchen (including dishwasher) with an island, open living room with a view of downtown Detroit, and a spacious bathroom with laundry. The units range in size from 650-square-foot Studios to 2,600-square-foot, two-story, three-bedroom units with roof-top decks.