Cinnaire, Cass Corridor Neighborhood Development Corporation and Ginosko Development: Cass Plaza

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This collaboration took place in Detroit

In their words:

“Cass Plaza includes the renovation of two existing historic apartment buildings in Detroit, MI: one 7-story elevator building in 1924 (3350 Cass Ave.) and one 3.5-story walk-up built in 1918 (149 Davenport St.). The buildings are immediately adjacent to each other and combined, contain 47 residential units for families (39 units in the larger building and 8 units in the smaller). Construction was financed with tax exempt bonds issued by MSHDA, LIHTC and Historic Tax Credit equity, City of Detroit HOME funds, FHLB AHP financing, Brownfield Tax Credit equity and several other soft loans arranged by CCNDC. Total development costs were approximately $12M.”