Saturday, June 9, 2012
The sale of the 88-unit apartment complex on Island Estates recently closed, dispersing residents and ending an era of community there.
The Detroit muscle is noticeably lighter in the parking lot at Dearborn Towers. The note giving 30 days' notice came June 1, tacked to the door of each of the units still inhabited at the 88-unit complex on Island Estates. It hit Donna Dennis like a punch in the gut. “Everytime I said goodbye, it felt like little pieces of my heart were breaking,” Dennis said. *** A letter posted on the community bulletin board in March said residents would have 90 days after the closing date to move out; however, a June 1 note said everyone must be out in 30 days. In February, Dearborn hired a broker to represent the property for 30 days. The company, Franklin Street Real Estate, presented bids from IMG, Senior Living and Alchemy Management. All were …
Saturday, March 24, 2012
A notice posted this week told residents that they have 60 to 90 days to leave after the new owner closes on the property. The closing date has not yet been set.
Donna Dennis knows everyone at Dearborn Towers. She is president of the 223 Club, a social group at the building that her mother helped lead years before her. The club name comes from the building, which is at 223 Island Way. Alchemy Management recently purchased the 88-unit complex for $6.251 million from the city of Dearborn, who owned it for nearly 50 years. The deal is expected to close in more than 30 days. After that, residents will have up to 90 days to leave, according to a letter posted this week on the community's bulletin board. “People are pulling together rather than pulling apart,” Dennis said. Alchemy Management has said it intends to turn the property into a condominium community. The letter dated March 22 gives notice to …
27.978674
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Dearborn Towers
223 Island Way, Clearwater Beach, FL
/articles/dearborn-towers-residents-plan-to-move
928974
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Saturday, March 17, 2012
Buyer Alchemy Management, LLC, said they will likely turn the retirement community on Island Estates from rentals into a condominium community.
Helen Miller is by all accounts the longest serving resident at Dearborn Towers. She has enjoyed the 24 years she has lived there, doing water aerobics in the morning with friends she has made through the years at the retirement community on Island Estates. However, the building, owned by Dearborn, Mich. was sold for more than $6.251 million Tuesday, leaving questions as to what the future holds for residents at the 88-unit complex. A 10 percent nonrefundable deposit has already been given to the city, and the deal with Alchemy Management is expected to close within a month. It's hard to tell what will happen to Dearborn Towers at that point–other than a likely name change. Alchemy Management told the city that it intends to turn the …
27.978674
-82.816342
Dearborn Towers
223 Island Way, Clearwater Beach, FL
/articles/island-estates-dearborn-towers-sold
928974
/locations/7164137
Darth Xander
9:47 am on Saturday, June 9, 2012
Kind of sad that a unique facility like Dearborn Towers is coming to an end. I imagine the residents enjoyed living in a place with folks from back home. more ›