For decades, Detroit has been America’s underdog. The city has scrapped and fought its way through racialized urban planning during white flight, deindustrialization, and a massive recession. Through all of this, at times, Detroit has been down – but never out…
Prep work for a $60 million to $70 million residential development in Lafayette Park is scheduled to begin in January after several months of amassing land and striking an important deal with soon-to-be neighbors…
Site preparation will begin on Pullman Parc, a four-acre residential development planned for Detroit’s Lafayette Park, Detroit’s Broder and Sachse Real Estate, Farmington Hills’ Hunter Pasteur Homes, and Southfield’s Woodborn Partners announced today…
Construction is expected to start soon on Pullman Parc, a new residential development just across from the Lafayette Park neighborhood. Broder & Sachse Real Estate, Hunter Pasteur Homes, and Woodborn Partners announced that site work is starting on the project, which includes demo of the Friends School…
Detroit’s Broder & Sachse Real Estate along with the College for Creative Studies, Midtown Detroit, Inc. and several guests celebrated the real estate development company’s 25th anniversary Nov. 7 with the installation of a new sculpture in Detroit’s New Center Park…
College for Creative Studies student Adriana Ohar has designed and fabricated the newest public art addition to New Center, a sculpture entitled, “Divergence.” The public artwork commission was a part of Broder & Sachse’s “Influence of Innovation” contest…
The office market in metro Detroit has undeniably improved in the last decade, as vacancy rates in the market have fallen to 15.4 percent and asking rents are at $19.50 per square foot, according to a third-quarter report from the Southfield office of Newmark Knight Frank…
The Hamilton Midtown opened Thursday after a $12 million rehab launched a year ago. The 97-unit apartment building at 40 Davenport St. at Martin Luther King Boulevard, formerly named Milner Arms, opened as an apartment hotel in 1913…
With its stunning architecture, theater, office buildings, and proximity to residential areas such as historic Boston-Edison, Detroit’s New Center has long been touted as an attractive destination for businesses looking for a place to set up shop…
If the recent rebound in Detroit’s office space market has put some suburban landlords on the defensive, then the golden towers of Southfield Town Center could be the front line in this regional battle for office tenants…
As multifamily development continues to pick up in resurgent downtowns and city centers across the country, identifying the right complementary retail tenants remains an important part of the development mix…
At a time when downtown Detroit is in the midst of a civic renaissance, the state of the city’s multifamily real estate market is both a reflection of larger trends and a sign of what might be in store for the Motor City in the years ahead…
Broder & Sachse Real Estate (Broder & Sachse), an innovative urban real estate development company in Detroit, is celebrating its 25th anniversary this year, marking the occasion with a sculpture design contest for students from the College for Creative Studies (CCS). Broder & Sachse CEO Richard Broder made the announcement…
Preliminary work looks to be starting soon on one of the major developments downtown. Crain’s reports that demolition of two buildings that sit on the development site of the Monroe Blocks will commence in June…
Broder & Sachse Real Estate has unveiled plans to relocate its office from Birmingham, Mich., to downtown Detroit. The 6,000-square-foot space is located on the third floor of the Arts League Building at 1528 Woodward Ave…
While the trend of co-living — a form of housing where building residents have the opportunity to engage in organized activities and shared common spaces — has gained national attention for its popularity with millennials, Richard Broder, owner and CEO of Broder & Sachse Real Estate Inc., believes the community-focused concept can be for everyone…
After baking cakes and other desserts out of her home full-time for several years, founder and owner Manal Hussein has opened For The Love of Sugar at The Scott in Detroit’s Brush Park neighborhood. The mixed-use development features 1,500-square feet of first-floor retail and restaurant space.
The Scott at Brush Park, a Broder and Sachse Real Estate apartment building in Detroit’s Midtown neighborhood, has earned a gold award for development and design regarding community impact from Multi-Housing News, a real estate magazine, and an additional silver award for best development from Commercial Property Executives.
A new bakery specializing in cakes and macarons is slated to arrive on the ground floor of luxury apartment building The Scott in Brush Park on December 18. For the Love of Sugar will join a growing number of restaurants and cafes in the area around The Scott including Grey Ghost and New Order Coffee.
Birmingham-based Broder and Sachse Real Estate and Detroit-based Sachse Construction today announced the start of a $12-million renovation of The Hamilton, an apartment community located in Detroit’s Midtown district (40 Davenport St.).
A new ballroom and fresh upgrades are on the way to The Hamilton, a Midtown apartment building formerly called the Milner Arms Apartments. The 93-unit building located at 40 Davenport opened in 1913 as the Hotel Stevenson and was placed on the National Register of Historic Places in 1997.
A $12 million renovation to the former Milner Arms apartment building in Midtown is officially underway. Among the improvements to the building, now called The Hamilton, are a new ballroom, new flooring and appliances in individual apartments, upgraded landscaping and updating the mechanical, plumbing and electrical systems, a news release says.
The Scott at Brush Park has been awarded Silver for Best Development of 2017. Judges praise the well-positioned asset in downtown Detroit that came in under budget, usage of green roof and concealed parking.
Broder & Sachse Real Estate’s and co-developer Woodborn Partners’ Midtown Detroit property The Scott at Brush Park has earned a gold award in the category of Development & Design: Community Impact and a silver award in the category of Best Development.
As vertical mixed-use developments flourish and towns and cities pursue redevelopment as a way to revitalize their civic centers, retailers find themselves presented with abundant opportunities to seek expansion in “nontraditional” urban spaces. First-floor retail beneath residential or office space can be an ideal fit for urban mixed-use projects.
Ready to break out of your standard brunch routine? Consider this your roadmap to exploring the most exciting new brunch spots in town. Whether it’s a new restaurant or an old favorite with a fresh service, the Detroit Brunch Heatmap updates regularly to highlight spots where the crowds are flocking to at the moment.
Birmingham-based development company Broder & Sachse has acquired Orchestra Place in Detroit’s Midtown district. Located at 3663 Woodward Ave., the five-story, Class A building was owned by the Detroit Symphony Orchestra, which is housed in Orchestra Hall one block north on Woodward.
After more than 20 years, Broder & Sachse ended most of its third-party property management contracts to concentrate mostly on property development. CEO Rich Broder discusses company’s strategy and the state of multifamily in the Detroit area.
After operating as a pop-up and an online retailer, clothing and accessories boutique Bird Bee today opens its first brick and mortar location at The Albert in Detroit’s Capitol Park. The soft opening will begin at 5 p.m., followed by a grand opening on Thursday, June 1 from 5-8 p.m., where shoppers can enjoy refreshments
Capitol Park Bird Bee Boutique is the latest business to open at the Albert in Capitol Park. Broder & Sachse Real Estate announced the soft opening May 25 at 5 p.m., with a grand opening celebration June 1 from 5 to 8 p.m. According to a release, “Bird Bee showcases a unique West-Coast-meets-Midwest fusion, selling
Capitol Park is gaining a new boutique this week. Bird Bee will be opening their doors on Thursday, May 25 for a soft opening. The women’s clothing and accessories store will be located on the ground floor of The Albert. Taylor Bolleber started Bird Bee as an online business and made a name for herself
Good news for downtown Detroit shoppers in search of trendy clothing for trendy women. Bird Bee, an independent clothing and accessories store for women, is to open at 5 p.m. Thursday in the Albert (formerly the Griswold Building) in Capitol Park. Featuring young-looking casual dresses, rompers, jeans, skirts and blouses — they practically scream millennial —
Family, friends and guests came out in mass to celebrate the grand opening of the latest entrepreneurial spirit gracing Detroit within the newly developed apartment complex, The Scott at Brush Park. The Carter Snell Skin Center is the dream project of Dr. Brittany Carter-Snell a dual board certified dermatologist and internal medicine physician. A native
Birmingham-based development company Broder & Sachse recently announced that executive team member Elizabeh Kmetz has been promoted to vice president of commercial asset management and construction. In her role, Kmetz will be responsible for managing property operations, construction, renovations, and capital improvement projects, complex financials, acquisitions, and dispositions. Her changed title reflects a shift made
Elizabeth Kmetz has been promoted to vice president of commercial asset management and construction at Birmingham, Michigan-based Broder & Sachse Real Estate. Kmetz is now responsible for managing property operations, construction, renovation and capital improvement projects. Formerly serving as the director of commercial property management at Broder & Sachse, a position she took in 2014,
Skin cancer rates have continued to increase in the United States, despite most people knowing that they should wear a hat, use sunscreen and avoid indoor tanning. The American Cancer Society projects there will be 2,780 new cases and 290 deaths due to melanoma in Michigan in 2017; however, Dr. Brittany Carter-Snell says she’s devoted
Developers have transformed the office market of Detroit’s CBD by renovating dozens of underutilized buildings and attracting hundreds of firms. But the now-vibrant office market has also sent ripple effects through the residential and retail sectors. The downtown has thousands of new apartments, and much like the CBD’s new office spaces, most are historic renovations
From development slowdowns to property management challenges, the perils of a recessionary cycle are well documented. What is less well understood (and often overlooked) are the structural problems and difficulties that can arise with a booming economy. Obviously, there is no developer or property manager that prefers a slowdown to a robust period of growth
Located on the first floor of the Albert building, the new La Lanterna will debut softly at 3 p.m. with daily dinner service and a menu of Neapolitan-style brick oven pizzas, salads, paninis, pastas and other classic Italian entrees.
A long vacant piece of land has seen a lot of activity in the past few months in West Village. After an official announcement for investment in strategic neighborhoods last fall, work has picked up at the site of the Coe Development at Coe and Van Dyke.
A new bakery, For the Love of Sugar, is scheduled to open this summer in Midtown Detroit. The company announced that it will open at 3150 Woodward Avenue and offer a wide range of baked goods with a focus on macaroons and specialty made-to-order cakes in a variety of flavors, including Nutella, Ferrero Rocher and
The pace of Woodward Avenue development is quickening, sometimes with small and sometimes with large developments as we get closer to the opening of the Q-LINE. One of those developments is the opening planned for this summer of “For The Love Of Sugar,” a specialty bakery owned by Manal Hussein. It’s going to open in The
Brush Park’s shiny new mixed-used development The Scott just landed a new tenant. Specialty cake shop and bakery, For The Love Of Sugar, is poised to fill a 1,500-square-foot space on the ground floor of the luxury apartment building, according to a release. Owner Manal Hussein plans to bring a wide range of sweets to
For the Love of Sugar, a bakery focusing on macaroons and made-to-order cakes, is scheduled to open this summer at 3150 Woodward Ave. at The Scott At Brush Park apartment building in Detroit. The 1,500-square-foot bakery will do cakes in such flavors as Nutella, Forrero Rocher chocolate and Fruity Pebbles. It will also offer coffee and healthy
What better way to kick off the spring than with restaurant openings, specialty coffee and even something special for your dog? Read on for openings and announcements coming to the Detroit area this Spring. La Lanterna Detroit’s old Italian restaurant, La Lanterna, is headed back to the city, and this time it’s heading for the Albert
Even pets are getting in on Detroit’s resurgence. City Bark pet boutique officially opens its doors in downtown Detroit’s Capitol Park at 11 a.m. Friday. The store is moving from its original Grosse Pointe location to a 1,250-square-foot space in The Albert building, at 1222 Griswold St. Jamie Judson, 27, owner of City Bark and
Detroiters now have another option when purchasing food and accessories for their four-legged friends, as Birmingham-based development company Broder and Sachse Real Estate announced The Albert’s newest tenant, City Bark, will open Friday. Located at 1222 Griswold St. in Detroit’s Capitol Park, the pet boutique will offer gourmet food and other pet products.
A pet boutique, City Bark, holds its grand opening Friday in The Albert at 1214 Griswold in Detroit’s Capitol Park. Doors open at 11 a.m. The 1,250-square-foot, pet-friendly store will feature 15 different types of dog and cat food, as well as a freezer section to serve raw bones and pet treats.
Downtown pet owners will have a new option soon for all their boutique pet needs. City Bark, which is pet-friendly, is opening in a storefront in the Albert at Capitol Park this weekend. The Grand Opening Friday, February 24 at 11 a.m. will have beer from HopCat and treats for guests and pets. Pets who
Downtown Detroit is getting a new pet boutique. City Bark will celebrate its grand opening in The Albert at Capitol Park this week, with doors officially opening at 11 a.m. on Feb. 24. City Bark is the latest retail store to open its doors in The Albert, located at 1214 Griswold. The 1,250-square-foot City Bark
Broder & Sachse Real Estate chief executive officer Richard Broder will share his perspective on Detroit developments at the third annual Detroit Commercial Real Estate Summit, where he will serve as a panelist in a session on Detroit’s game-changing projects.
A prominent Birmingham-based development company has named Lee Hurwitz as its new president. Hurwitz, who has risen up the ranks since joining the company in 1996, was previously CIO for Broder & Sachse Real Estate, which is helmed by CEO Richard Broder.
The second-floor deck of The Scott at Brush Park on Woodward Avenue features a stainless-steel swimming pool, hot tub, outdoor kitchen, fire pit and heated floors against the backdrop of Midtown Detroit.
The Coe at West Village real estate project offered a look at what the interior of its housing units will look like as it works on the development in the rapidly evolving Detroit neighborhood east of downtown.
A new Thai restaurant hosting its grand opening on Friday is offering guests a meal voucher for future use and a chance to win party trays. Go! Sy Thai is opening its doors at 11 a.m. inside The Albert in Downtown Detroit’s Capitol Park at 1214 Griswold St. The Albert is a 127-unit, 12-story luxury apartment complex that
Thai food fans this week gain a second Detroit site of Sy Thai, which joins the move-downtown trend. Its fifth restaurant opens Friday in Capitol Park. This Go! Sy Thai location on the street level of The Albert apartments, 1214 Griswold St., is a fast-casual version of the sit-down original in Birmingham since 1993.
The anticipated downtown outpost of fast-casual mini chain Go! Sy Thai will throw open its doors on January 20 in Capitol Park, co-owner Gowhnou Lee tells Eater. The restaurant, which was originally slated to debut last fall, is located on the ground floor of The Albert near Dessert Oasis Coffee and Detroit Bikes.
The developers behind The Albert, a luxury apartment building on Griswold street in Capitol Park, have been busy filling up their retail spaces as of late. Today we got word that the planned Thai restaurant, Go! Sy Thai, will open this Friday, January 20.
One development we’re keeping an eye on this year is the Coe at West Village, which will have eight walk-up row-houses along Coe, street-level retail spaces along Van Dyke, and four residential apartments above the retail shops. While shovels are currently in the ground at the construction site, we have a sneak peek at what the
New and exciting modes of living are transitioning every day; Detroit is no exception to the crush of expansion with housing developments aimed at bringing more people to the downtown Detroit area. No exception is The Scott a beautiful multi-tiered apartment complex located at 3150 Woodward Avenue in Brush Park. The Scott offers upscale living
Officials from Broder & Sachse Real Estate have just opened the doors at The Scott at Brush Park, a high-end mixed-use development on Woodward Ave. and Erskine St. in Detroit’s Midtown area, the first of its kind in the city, and many here hope it’s the start of something big for the neighborhoods surrounding the
The residential portion of The Scott at Brush Park offers studio, one-, two- and three-bedroom units with amenities including a 24-hour concierge service, dry cleaning, stations for pet grooming and a fitness center.
Co-developers Broder & Sachse Real Estate and Woodborn Partners have opened The Scott at Brush Park, a mixed-use development in Detroit’s midtown neighborhood. The building features 199 luxury apartments and 15,000 square feet of retail space.
The Scott at Brush Park, a 199-unit high-end mixed-use development in Detroit, co-developed by Broder & Sachse Real Estate and Woodborn Partners, has opened its doors. “The city of Detroit has been making a comeback and redevelopment in Detroit has finally reached a point where it can attract and support specialized services and luxury homes typically
The Scott at Brush Park, a high-end mixed-use development on Woodward Avenue and Erskine Street in Detroit, opened its doors to residents this month. The development features 199 residential units and five retail and restaurant tenants. Broder & Sachse Real Estate chief executive officer Richard Broder and Sachse Construction chief executive officer Todd Sachse welcomed
The comeback of downtown Detroit, led by the expansive District Detroit project under construction, was advanced this week with the opening of The Scott at Brush Park. The upscale, mixed-use development of Broder & Sachse Real Estate and Sachse Construction is located about eight blocks north of District Detroit on Woodward Avenue.
Bird Bee first opened in 2015, with sales limited to online and pop-up events and markets. The 1,600-square-foot retail space in The Albert at Capitol Park will be the West Coast/Midwest fusion’s first brick-and-mortar location, a permanent home for their “West Coast meets Midwest” clothing, jewelry, and accessories.
Bird Bee LLC is opening in Capitol Park’s The Albert this spring. The women’s clothing and accessories store is leasing 1,600 square feet in the property at 1214 Griswold St. in Capitol Park, according to a press release from Birmingham-based Broder & Sachse Real Estate Services Inc., which completed the redevelopment on the building in
The progress of The Scott at Brush Park construction has been followed throughout the year, starting with a walk through of the early progress in March, and again in September. Broder & Sachse had a firm December 1 opening deadline, and they stuck to it. New residents started moving into the luxury apartments last week, and Curbed
Richard Broder and Todd Sachse took a big gamble on The Scott at Brush Park, spending at least $10 million on it before they had closed on their financing; $2 million had been spent before they even owned the land at Woodward and Erskine, said Sachse, CEO of Detroit-based Sachse Construction, the project’s general contractor.
In urban settings across the country, the residential landscape is evolving to respond to the priorities and preferences of a population that’s increasingly focused on multifamily options that emphasize amenities, conveniences, and social engagement. Millennials and empty-nesters alike share an affinity for services and socialization options designed to suit their lifestyles. At a time when more
Broder & Sachse Real Estate Services Inc. is ending most of its third-party property management contracts to concentrate instead on property development. The Birmingham-based company has been active in downtown Detroit in recent years, developing The Scott at Brush Park apartments, due to open next month, and The Albert apartments in Capitol Park, among others. “We
The Scott at Brush Park will signal a new era in Detroit when it opens Dec. 1 for its first residents. With a $65 million pricetag and nearly 200 apartments over retail space and underground parking, the project adds a wave of newly constructed homes to Midtown. High ceilings add a loft feel, while an open
Midtown stood alone in Detroit for much of the past decade as the place that attracted new residents, new housing and new investment in a city that sought renaissance for generations. Today, that district – located north of downtown in the heart of the cultural and medical center – is poised for the changes coming
By: Dan Rafter The Scott at Brush Park is an important project for downtown Detroit. The $65 million, 200,000-square-foot five-story mixed-use development will bring 199 new apartment units to the city when it opens later this year. For Todd Sachse, chief executive officer and founder of Detroit-based Sachse Construction, the project is yet more proof
The yet-to-be-named restaurant, with a concept still under development, is being opened by restaurateurs Michael Abrams and Brian Adelman of Bloomfield Hills, along with David Pittaway of New York City. The trio own 30 Five Guys Burgers and Fries in Michigan and Illinois, with two more under construction, as well as the sports bar Mr.
The Scott at Brush Park, the new five-story apartment building on Woodward and Erskine, announced its first restaurant on the northwest corner of the ground floor. The 4,500-square-foot bistro will have a full bar and a diverse menu. No word yet on what that menu might be.
City Bark, a Grosse Pointe shop which describes itself as a “unique, one-of-a-kind pet product retailer,” and offers home delivery of pet food, plans to open a store at The Albert, 1214 Griswold, in Capitol Park in downtown Detroit.
Pet products retailer City Bark will open in The Albert in Detroit’s Capitol Park early next year. This will be the Grosse Pointe-based retailer’s second store. City Bark will open in a 1,250-square-foot space at 1214 Griswold St.
Birmingham-based Broder & Sachse Real Estate Services, a full-service property management and development company, has completed a 10,500-square-foot lease on the retailer’s behalf, according to a Broder & Sachse Real Estate Services news release.
5 Below, a rapidly growing specialty value retailer that says it offers a broad range of trendy, high-quality merchandise targeted at the teen and pre-teen customer, is opening a store near Kohl’s and Ulta Beauty in Midland.
Broder & Sachse Real Estate Services, a Birmingham-based, full-service property management and development company, announced today that it has obtained management of the Pick-Wick Shopping Center located at 12 Mile and Schoenherr in Warren, Mich. Broder & Sachse President John Hamburger made the announcement.
The project is on schedule and slated to open for residents December 1. The ground floor retail space will be ready at a later date, but at least one restaurant has signed a lease. We recently toured a few of the apartments with Richard Broder and the leasing team in this high-end development.
To understand the current state of the Detroit real estate market, and to appreciate how and why Detroit is such a hot market today, we have to look to the past. Historical context is crucial here because, more than most cities, the story of Detroit is the story of a city shaped by its past.
The rooftop pool, year-round outdoor spa, private library, lounge and rooftop terrace will all be finished by the time residents move into The Scott at Brush Park in December, the latest high-end apartment building to go up in Detroit.
Downtown’s Capitol Park area is awash with development and open commercial spaces are filling up quickly. The Detroit Free Press reports that the Da Edoardo restaurant group, operators of Foxtown Grille, Cafe Nini, and more, will revive its founding restaurant, La Lanterna, in the Albert Building.
Richard Broder and Todd Sachse, both of whom attend Temple Israel in West Bloomfield, are contributing to that rebirth. The duo has co-owned Broder & Sachse Real Estate Services for 23 years, but this year marks a unique moment. Along with local architecture firm Neumann Smith, they are creating the first ground-up construction project Brush
The dealmakers. The landlords. The developers. The financiers. The people who make things happen in metro Detroit’s commercial real estate scene. Here’s our selection of the people whose phone numbers you need on your speed dial – and how they play when they play houses and hotels on the Monopoly board at home.
An American-style bistro is being planned for the first floor of the northwest corner of the Scott at Brush Park. The luxury five-story apartment complex is expected to be finished before the end of the year.
The latest chapter in Detroit’s ongoing real estate revival is being written by a $65 million mixed-use project called The Scott at Brush Park, which features 199 luxury residences and roughly 15,000-sq.-ft. of ground-floor retail and restaurant uses.
Go! Sy Thai is expected to open its second location in Capitol Park in the fall. The 29-seat restaurant is expected to employ approximately 25 full- and part-time workers in its new location in The Albert apartment development.
Fast-casual Thai food empire Go! Sy Thai is headed to downtown’s Capitol Park area. Metro Times reports that the latest restaurant outpost is slated for the Albert Building, alongside fellow tenants Dessert Oasis Coffee and Detroit Bikes. Sy Thai will have a relatively small footprint with seating for 29 diners and an abbreviated menu to match.
The Birmingham-based restaurant group Sy Thai will expand with the opening of its second fast-casual concept in Detroit, called Go! Sy Thai, in The Albert apartment complex in downtown Detroit this fall.
As the city of Detroit’s downtown real estate revitalization continues, headline projects serve as way-points on the path to progress. The latest development to make headlines is The Scott at Brush Park, a $65 million, five-story mixed-use development that includes 199 high-end residences and approximately 15,000-square-feet of first floor retail and restaurant space.
For those who want to be in the heart of it all that’s happening, Detroit’s rental market is better than ever as the selection of new and newly renovated apartments continues to expand. View Page 72/73
If you still think the only thing worth visiting in Detroit are the sports teams, think again. The area within a few miles of the in-progress arena has more cranes and construction equipment than in recent memory.
The 93-unit, eight-story Milner Armsapartment building in Detroit has a new owner. An entity affiliated with Birmingham-based Broder & Sachse Real Estate Services closed on the purchase of the building on the south end of Midtown, at 40 Davenport St. just west of Woodward Avenue on the north side of Martin Luther King Jr. Boulevard on Tuesday.
A “groundbroken” ceremony took place yesterday for The Scott at Brush Park, the $65 million, 200,000-square-foot, five story mixed-use development slated to open by the end of the year. We were there for a sneak peek and some exclusive pictures.
A new apartment development with 199 units for rent and approximately 15,000 square feet of retail space at Woodward Avenue and Erskine is expected to be complete by December. Mayor Mike Duggan, executives from Birmingham-based project developer Broder & Sachse Real Estate Services Inc. and others spoke Monday morning during a media event…
With so many of downtown Detroit’s empty buildings already being renovated, developers have begun to build ground-up projects to meet rising demand for apartments and retail shops. On Monday, Mayor Mike Duggan and other business and civic leaders celebrated one such project, the $65-million Scott at Brush Park mixed-use project.
Broder & Sachse Real Estate Services in Birmingham, Michigan, has been selected as a “National 2015 Best and Brightest Company to Work For” by the National Association for Business Resources (NABR). Broder & Sachse chief executive officer Richard Broder made the announcement.
Dessert Oasis Coffee Roasters celebrates their grand opening in The Albert in Capitol Park! Our CEO Richard Broder, and Dessert Oasis Co-Owner Nathan Hamood, appeared in-studio with WXYZ yesterday morning to share details about the event
Rochester-based Dessert Oasis Coffee Roasters is set to open its second location, in Detroit, in Capitol Park on Jan. 7. The specialty coffee and dessert cafe will also feature live music in 2,600 square feet in The Albert building at 1214 Griswold St. It will have room for 80 customers and employ nine people.
According to a recent Detroit market study published by Broder & Sachse Real Estate Services, downtown Detroit is at a 98% occupancy for rentable housing, with neighborhoods such as Grand Circus Park and the CBD at 99%.
Broder and Sachse Real Estate Services are operating on all ends of the development spectrum in Detroit, tying everything together with an upscale touch. That’s offering a welcome challenge, according to company owner Richard Broder.
A new Midtown Detroit apartment complex along Woodward Avenue is scheduled to break ground this summer and target mid- to higher-end income renters a short walk from the future arena district and near future stops on the forthcoming M-1 Rail line.
Inherent in every business are milestones that — if achieved — can accelerate the company’s growth and profitability. Broder & Sachse has attained such a landmark: The property management arm is now managing more than 10,000 apartment units in nine states across the U.S.
Broder & Sachse, a property management firm, has more than 10,000 apartment units in nine states across the nation, an increase from the 1,200 units the company was managing in 2010 when it made the decision to grow the business.
With Detroit Bikes set to be the first retail tenant at The Albert in Detroit’s Capitol Park by April, Richard Broder, Broder & Sachse CEO, said the nearly 11,000 square feet of remaining retail space at the mixed-use development will be filled to meet the needs of the area.
Richard Broder, owner of Broder & Sachse Real Estate Services, said that every surface inside the The Albert was retouched during a seven-month, $8 redevelopment, and that’s crafted the 1929 building into one of the finest places to live in the city.