Lafayette Tower has new owners

**stasu1213** · December-06-12, 05:55 PM

I was just informed by a friend that the Lafayette Towers has a new owner. She doesn't know who the owner is but the company is named Lafayette Ventures LLC.

**DetroiterOnTheWestCoast** · December-08-12, 01:28 PM

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Originally Posted by stasu1213

I was just informed by a friend that the Lafayette Towers has a new owner. She doesn't know who the owner is but the company is named Lafayette Ventures LLC.

A copy of a letter to residents is on Curbed.

**48202** · December-08-12, 03:12 PM

As reported by Crain's, new owner is Greg Jackson, CEO of Prestige Automotive Group.

**campbellsimon** · December-08-12, 09:17 PM

That is not the only high rise with new owners. I just read that within the next few months, an iconic high-rise apartment building in downtown Detroit – Riverfront Towers – could be sold at auction like thousands of other foreclosures in the metro area.

The complex, which features two towers [[26 and 29 stories, respectively) and approximately 550 units, is nestled along the Detroit River adjacent to a commercial district that features the city’s marina and other office and retail space. Unfortunately for the residents, the owners of the Towers just defaulted on a $55 million mortgage, leaving the future of the complex uncertain.

Here is where I read the article: http://www.bankforeclosuressale.com/...-09273800.html