2,226-unit Somerset Park acquired by The Solomon Org
TROY, MI — The Solomon Organization, based in Summit, NJ, acquired Somerset Park, a community of 2,226 apartments with a 9-hole golf course in Troy, a suburb of Detroit, MI.
Somerset Park was developed in the mid-1970s just off Big Beaver Rd. and is adjacent to the Somerset Collection, a luxury regional shopping mall as well as the Somerset Hotel, a Whole Foods grocery store and several notable office buildings.
“Somerset Park fits perfectly into our long-term strategy of identifying properties in excellent locations that can be improved for this generation’s selective apartment dwellers,” said Marc Solomon, founder of the 38-year-old company. “Detroit’s recovering economy and excellent prospects proved very appealing to us and we are fortunate to add this excellent property to our portfolio.”
Solomon has plans to renovate apartment interiors and upgrade common areas including the recreational facilities