Detroit’s Henry Street Restoration Includes Seven Buildings, 170 Units and a Full City Block
Marking a momentous day in The District Detroit, Cinnaire Solutions and Olympia Development of Michigan were joined on August 28 by Mayor Mike Duggan, Michigan State Housing Development Authority, Housing and Revitalization Department and other city officials to commence the restoration of Henry Street Apartments. Located in the Cass Henry Historic District, this seven-building project will consist of 170 newly renovated units that both preserve history and incorporate modern design with 49% of the units at affordable rates ranging from 30% to 60% Area Median Income.
Henry Street Apartments is a first of its kind development that encompasses one city block and consists of seven buildings in total; six residential buildings and one centralized Community Center complimented by private parking and greenspace for tenants and their guests. The Community Center amenities include a business center with meeting space, fitness center, dog wash, extra laundry facilities, package reception and a leasing office.
“This project came about as a result of true collaboration between the local community, the development and financial partners, and City, State and local leaders,” said Cinnaire Solutions President Christopher Laurent. “We see our role as being true stewards of the communities we serve with an obligation to protect them and strengthen them for generations to come. We imagine that months from now these historic buildings will be filled with the noise of happy families building their future. We’re grateful for the partners that entrusted in our team to get this historic renovation done.”
Henry Street Apartments is an $80 million public-private partnership and a historic restoration project that includes critical funding from the State of Michigan and the City of Detroit in addition to Olympia Development’s investment and Cinnaire’s contributions.
“We are committed to improving the lives of people in Detroit,” said Keith Bradford, President of Olympia Development of Michigan and The District Detroit. “We are deeply grateful for our partners on this project and the partnership with the city of Detroit and the state of Michigan for making this possible. This development will transform the Cass Henry Historic District and further foster community.”
This project was made possible through loans from Comerica Bank and Bank of America, along with Low-Income Housing Tax Credits from the Michigan State Housing Development Authority, American Rescue Plan Act funding from the City of Detroit, and HOME funds from the city and the state, Michigan Community Revitalization Program funding from the Michigan Strategic Fund administered by the Michigan Economic Development Corporation, and ARPA funding from State of Michigan Labor and Economic Opportunity office.
Julie Schneider, Director of the Housing and Revitalization Department at the City of Detroit, said “We are thrilled to witness the groundbreaking of the Henry Street Apartments, a transformative project that embodies our commitment to revitalizing Detroit’s historic neighborhoods while addressing the critical need for affordable housing. This initiative represents a significant stride towards enhancing our city’s fabric, providing quality homes for a diverse range of residents, and preserving the architectural heritage that makes Detroit unique. Our collaboration with Cinnaire Solutions, Olympia Development, and various state and local partners highlights the power of public-private partnerships in driving meaningful progress and creating vibrant communities.”
The first of the seven buildings is expected to be completed in the spring of 2026. Neumann/Smith Architecture is the Designer and Architect-of-Record for the Henry Street restoration. O’Brien Construction, which also led the work on the historic Eddystone residences, is the construction manager. The properties will be managed by Elite Property Management.
