The Treymore is a four story, 30,000 square foot apartment building that was erected in the early 1900’s. Vacant and blighted for over 20 years, the building’s future was grim until Paradise Valley Investment Group (PVI) purchased and redeveloped it. Having recently undergone a $7 million renovation, The Treymore now offers families and citizens of Detroit twenty-eight beautiful one and two bedroom apartments, representing a significant investment in a vital neighborhood exploding with possibility.
“Restoring this building has been life changing,” says PVI president and CEO, Robin Scovill. “It’s condition when we started, juxtaposed with the finished product, is shocking. That we’ve created beautiful homes for people that need them, and are now celebrating that achievement with Mayor Duggan, is a testament to amazing partnerships, perseverance, and the spirit of possibility that makes this city so great!”
“Darwin Heard’s faith in us and the City’s early financial involvement gave this project legs. Then Bob Zinser came on board with expertise and an impressive track record in development, and elevated it to a new financial stratum. Without MSHDA’s and Cinnaire’s unwavering commitment, Merz & Associates’ design genius, and Rhode Construction’s mastery, the Treymore would have never come to life so vibrantly. I’m proud of our excellent team and what we’ve accomplished, and am excited about what we will do together in the future.”
Cinnaire invested over $2 million in Low Income Housing Tax Credit (LIHTC) equity, which was allocated thru the Michigan State Housing Development Authority (MSHDA). The City of Detroit contributed Home Funds in excess of $3.5 million. PVI brought in several hundred thousand more in private equity and brownfield tax credits, and all this together, enabled a mixture of affordable units for households at or below 50% and 60% of area median income.
“Cinnaire is thrilled to join PVI, the City of Detroit and MSHDA in bringing this much-needed affordable housing to Detroit,” said Mark McDaniel, Cinnaire President & CEO.“ We have been committed to the revitalization of Detroit for over 20 years and this investment represents another step in achieving our goal of creating vibrant, sustainable communities in the City. The revitalization of The Treymore will bring new life to this neighborhood and continue to spur economic development throughout Midtown.”
“The low-income housing tax credits are a substantial incentive that help make possible the reconstruction of Treymore Apartments to like-new condition and it allows MSHDA to fulfill its mission of providing safe, decent and sustainable affordable housing options in Detroit and across the state,” MSHDA Executive Director Kevin Elsenheimer said. “Rehabilitating this vacant and run down building will enhance the character of Detroit’s Midtown area and play an important role in the continued revitalization of this great city.”
Under KMG Prestige’s proficient management, the newly renovated Treymore Apartments are already more than two thirds leased, and boast enviable natural light and views that overlook Midtown, Downtown and an adjacent pocket park with a civil war era house. All units are fitted with contemporary amenities and include three ADA apartments. The original building did not meet current code standards, and required a complete reimagining with genius solutions. The renovation of 28 loft style apartments—some 2-story—was a full, gut rehab with brand new everything inside, including windows, energy efficient HVAC and lighting. Exterior improvements include a new roof, new parking lot across the street, significant brick replacement, outdoor lighting, landscaping, fencing (including a new fence for the neighboring park, owned by the Archdiocese of Detroit), green space, and sidewalk & alley improvements. The project’s architect, Merz & Associates, brilliantly incorporated the Treymore’s original historic features, restoring the tiled front entry with cast iron and oak railings, scroll work entry canopy, and a four foot high parapet cornice. A new stair and elevator were added to the rear of the building, creating a secondary entry with ADA access to all levels and all units.
The Treymore’s location is rich with culture and walkability. Restaurants and retail shops are plentiful with intimate proximity to transit options. A few blocks north of the new Red Wings stadium, The Treymore is a stone’s throw from the finest cultural assets in the Midwest including the Detroit Institute of Arts, the African American Museum, the Michigan Science Center, and Detroit’s Main Library. Downtown is a half-mile to the south, Eastern Market barely a mile to the southeast, and dedicated bike routes are plentiful. Cass Avenue, only one hundred feet away, connects directly to Wayne State University campus with all its offerings and benefits. And finally, one block to the east is Woodward Avenue, the north-south artery of the city and the routes for the Thanksgiving Day parade, the Veterans Day parade and the new light rail.