By: Sarah Wright | Troy Times | Published May 14, 2024
TROY — Forum Flats, a new apartment complex at 295 Kirts Blvd., officially opened for tenants in April. The over 100,000-square-foot property was previously used as office space by Kelly Services before it was developed into an apartment complex by Cypress Partners and Douglas Capital Partners.
“It was constructed as an office building in 1987,” Troy Community Development Director Brent Savidant said. “The office building was vacant post-COVID and was acquired by a company who sought to convert it into 90 units and added two four-story buildings with 55 units. It went from underutilized to completely renovated.”
Construction on the project — led by the development team at Cypress Partners, designed by Royal Oak-based Krieger Klatt Architects and contracted by Tower Construction — began in December 2022.
Forum Flats is one of the earliest examples of a previously vacant office building being converted into an apartment complex in Troy. There are plans for an office building at 2690 Crooks Road to be converted into a housing complex that was previously approved by the Planning Commission in March 2023, though further development for that project hasn’t started yet.
“It’s really exciting to see Troy becoming a leading community when it comes to converting office buildings into residential spaces,” Troy Mayor Ethan Baker said. “ Brent Savidant has become a go-to expert in the region, and it’s exciting to see Flats come to fruition. Turning unused concrete parking lots into activated residential living areas is good for the economy and the city as a whole. We know Troy has an abundance of office buildings,and with changing workplace policy dynamics, we are likely to stay at the forefront of this revolutionary updating of buildings and infrastructure.”
Savidant said there have been some informal talks for more complexes, but nothing more concrete than that at this time.
“There have been some informal talks for more complexes, but it’s mainly been informal at this time,” Savidant said.
For Forum Flats, the 90-unit building is currently available to potential tenants, while both of the 55-unit buildings will be available this summer. The units feature a variety of open concept floor plans, including studio layouts and layouts with one bedroom, one bedroom plus den, two bedrooms, and two bedrooms plus den. Rent starts at $1,625 per month, depending on the floor plan selected.
The development offers wood-style flooring, floor-to-ceiling windows, kitchens with white Shaker-style cabinetry and quartz countertops, along with stainless-steel Whirlpool appliances, spacious walk-in closets featuring built-in shelving, private patios or balconies, and in-home laundry.
On-site and secured parking is also available, along with the option of attached garages and carports, electrical vehicle charging stations, bike storage, and additional on-site storage units.
Other amenities include a tenant lounge, a 24-hour fitness center and yoga studio, and a dog park and pet spa.
“We are thrilled to unveil Forum Flats to the Troy community,” Mike Parks, managing member of Cypress Partners, said in a press release. “Our vision for Forum Flats was to create a dynamic and inclusive living environment that redefines luxury living.”
For more information, visit forumflatstroy.com.