05/21/2013 09:26 am ET Updated Jul 21, 2013

Security Trust Lofts, Downtown Detroit's Newest Housing Development, Ready To Start Leasing

Downtown Detroit has some new high-rise housing coming online that has absolutely nothing to do with Dan Gilbert: the Security Trust Lofts at 735 Griswold is a totally-renovated seven-story building located on Griswold at Lafayette, just two blocks south of Capitol Park.

The building is owned by Joseph Kalladat, a lawyer by trade who purchased the 1925 Albert Kahn-designed building with the intention of renovating it into loft-style rental units. Because the building had no singular historic relevance beyond its age and attributes, Kalladat had to go through the process of not just designating the building itself as a historical landmark, but the whole surrounding district.

Read more on Model D