The Fisher Building is going to get some more upgrades.
The 1928 Albert Kahn masterpiece — often thought of as Detroit’s largest art object — has been undergoing some renovations but anyone who’s worked there knows there is more work to do.
The refinancing from Boston-based UC Funds that retires existing debt will allow the ownership team of The Platform, HFZ Capital Partners and Rheal Capital Management to do four main things:
- Modernize three more elevators
- Renovate the public bathrooms
- Create a conference center for the building
- Restoration of the brass doors and other artistic details
This is on top of work already done from the very easy to see — such as restoration work in the grand, three-story arcade — to some that are important but that you wouldn’t see, such as new HVAC and sprinkler systems.
Since changing owners, the Fisher has seen new retail shops and grab-and-go dining options, including the Peacock Room and City Bakery.
New tenants have signed on upstairs and they’ve given the fourth floor a focus on creative businesses.