Luxury Apartments Built On Joe Louis Arena Site ‘The Residences at Water Square’ Is Now Open
Joe Louis Arena has been transformed into luxury apartments. A celebration on Tuesday, Feb. 6 marked the opening of Detroit’s first all-glass residential high-rise, the Residences at Water Square.
The building has been constructed on the site of the old Joe Louis Arena, which stood until the arena was demolished in 2019-20. Nearby is Hunting Place (formerly known as Cobo Hall) convention center and the People Mover station. The building is said to have about 500 units and will range from studios to two-bedroom penthouses on the 25th floor. Each of the apartments features ten-foot ceilings, an outdoor pool and sundeck, a rooftop terrace, sky lounges and a fitness center and is pet friendly.
Luxury Apartments Built On Joe Louis Area Site ‘The Residences at Water Square’ Now Open
According to Mayor Mike Duggan, this new high-rise symbolizes the city’s recovery from bankruptcy. Duggan told the press, “You had a soon-to-be-abandoned hockey arena on this site, and the city in 2014, the idea of building a new high-rise? You think about what you had here at the time — the David Whitney Building sat empty, the David Stott Building sat empty, the Book Building sat empty, the train station sat empty.”
Danny Samson, Sterling Group Chief Development Officer, said residents will be able move into the building sometime this month. The high-end luxury apartments are said to start at $2,000 a month. Units on the 23rd floor will be about $4,700 a month for a one-bedroom apartments.
Urbanize Detroit reports Samson said in a statement to the media, “This is a new standard for downtown and riverfront living in Detroit. Our goal was to create something that didn’t exist in this market until now. Every design choice we made, every amenity we added was about giving our residents a truly unique living experience.” At the ribbon-cutting, Sterling Group was praised for this latest project, one of several high-profile developments and redevelopments it has undertaken in Detroit since Gary Torgow founded the firm there in 1988.