278 Units | Built 2017-2018
229 ORLEANS STREET | DETROIT, MI 48207
Property Description
Orleans Landing, developed in 2017, is a premier luxury apartment community in the Lafayette Park / Downtown Detroit area. It offers 278 luxury apartments and townhomes with over 10,000 square feet of retail space featuring neighborhood retailers.
Residents enjoy spacious closets, in-unit washers / dryers, balconies, garages, a beautiful pool, a fitness center, and several lounges, all contributing to an atmosphere of luxury and comfort. Located near the Renaissance Center and offering serene views of the Detroit River, Orleans Landing provides easy access to the city’s amenities and scenic beauty. The property boasts unmatched walkability, with access to the Dequindre Cut and vibrant streets filled with art and music. Detroit is a growing destination for culinary, shopping, and entertainment experiences, and Orleans Landing is within walking distance of all four major professional sports franchises. Time magazine recently named Detroit one of the World’s Greatest Places, with the river walk ranked second in the country for two consecutive years. Orleans Landing offers abundant amenities, including gated parking, a state-of-the-art fitness center, a resort-style swimming pool and Jacuzzi, an outdoor fireplace and BBQ area, bike storage and repair station, a community lounge, fob entry, car charging stations, recycling and trash valet, and a 24/7 package concierge.
Its prime location provides easy access to Downtown Detroit and major freeways, allowing residents to reach various city areas and the Detroit Metro Airport in under 25 minutes. Additionally, residents have easy access to several entertainment options including the three casinos, all four professional sports teams, and anticipated addition of the professional soccer team. This combination of location and amenities makes Orleans Landing a true gem of the city.
INVESTMENT HIGHLIGHTS

Unbeatable Downtown Location
- Situated on the banks of the Detroit River, the Detroit International Riverwalk and
at the start of the Dequindre Cut enhances the property’s appeal for both tenants
and investors. - Proximity to major employers and the heart of Downtown Detroit, providing residents with immediate access to the city’s dynamic cultural, dining, and entertainment amenities.
- Situated on the banks of the Detroit River, the Detroit International Riverwalk and
Attractive Assumable HUD Financing
- Existing HUD loan with a 3.79% interest rate, set to a 40 year Amortization with 31 years remaining providing favorable leverage. Annual Principal reduction is $918,858, significantly adding to the Investor Returns.
SIGNIFICANT POTENTIAL UPSIDE
- Ability to convert 56 affordable units to market rate, increasing rents approximately $498 per month, and implement a utility reimbursement program.
These two revenue programs will net approximately $413,815. - Additional income potential from leasing currently vacant commercial suites.
- Ability to convert 56 affordable units to market rate, increasing rents approximately $498 per month, and implement a utility reimbursement program.
THRIVING SUBMARKET MOMENTUM
- Robust 94.6% occupancy
- 19.4% rent growth over the past five years underscores the strength of the Downtown Detroit multifamily market.
- Continued neighborhood revitalization and major nearby projects like the Hudson’s development and Detroit Center for Innovation.
LUXURY LIFESTYLE AMENITIES
- Resort-style swimming pool and hot tub, outdoor fire pit and BBQ area, community lounge and entertainment center, state-of-the-art fitness center, and more.
- Spacious and beautifully appointed apartment interiors with stainless steel appliances, granite countertops, subway tile backsplash, etc…
- Distinguished as a premier luxury living destination, attracting discerning residents.
Compelling Tax Incentives
- Benefitting from valuable new construction tax incentives, including Brownfield TIF and PA 210, supporting strong cash flow and long-term financial performance.
Property Description
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AMENITIES
- Central Air Conditioning
- Designer Stainless Steel Appliances
- Granite Countertops
- Modern Cabinetry in Kitchen and Bathroom
- Plank Wood Flooring
- Full-Size Washer / Dryer
- In-Home Intrusion Alarms
- Ceiling Fans
- Private Patio / Balcony*
- High-Speed Internet & Triple Play Access
- Available from Comcast and AT&T
- Resort-Style Swimming Pool and Jacuzzi
- State-of-the-Art Fitness Center
- Outdoor Fire Pit with BBQ
- Community Lounge with Entertainment
- Elevator Access
- Complimentary Indoor Bike Storage with Repair Stations
- Free High-Speed WiFi in Common Areas
- Controlled Access Resident Parking with Key Fob Entry
- Garage Parking with Every Townhome
- Car Charing Stations
- Valet Trash
- Valet Dry Cleaning
*In Select Units
Location
Photo Gallery
Contact Us
Detroit Office
260 East Brown Street, STE 150
Birmingham, MI 48009
Phone: 248.646.7701
Berkadia.com
Investment Sales
Kevin P. Dillon
Senior Managing Director
248.341.3309
[email protected]
Jason Krug
Senior Managing Director
248.341.3344
[email protected]
Corey Krug
Senior Director
248.341.3338
[email protected]
Rick Brace
Senior Director
248.341.3319
[email protected]
Conor David
Director
614.796.0222
[email protected]
EJ Wujek
Associate Director
248.341.3316
[email protected]
Mortgage Banking
Peter Benedetto
Senior Managing Director
248.208.3462
[email protected]
Colin Callaghan
Senior Managing Director
248.208.3470
[email protected]
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
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