Great Lakes Tower Residents Purchase Additional Unit in Riverfront Condo Tower



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In the world of condo ownership, perhaps the sincerest endorsement of an owner’s satisfaction with their purchase is the purchase of another unit in the same building. Peter and Leanne Cain, residents at Great Lakes Tower, located in Detroit’s Harbortown community, did just that.

The Cains, owners at Great Lakes Tower since November 2015, recently closed on the purchase of an additional unit at the Detroit riverfront condominium tower in late 2018.

“Leanne and I have been living at Great Lakes Tower for a few years and can’t say enough good things about the location and lifestyle this place affords,” said Peter Cain, an investment advisor in Detroit. “Our son is moving back to Detroit after working in the banking industry in Colorado; we saw an immediate opportunity to provide him with a place to live as he relocates and continues his career. Looking farther down the road, we see the purchase of an additional unit as a good investment. The city’s revitalization continues and with each passing year Harbortown and Great Lakes Tower’s location becomes more desirable. It’s close to major business and recreational hubs and a $5 Uber ride or 1.5 mile-bike or walking commute to downtown. These are just a few reasons we feel confident in our continuing investment in Great Lakes Tower.”

The Cains view the remodeling and reintroduction of Great Lakes Tower’s condo units to market as a “quintessential” example of the overall revitalization efforts happening throughout Detroit.

“Our son is in his early 30s and the reasons he looks forward to living at Great Lakes Tower are very similar to those that drew us,” Cain added. “We are close to everything and on the river with access to Belle Isle State Park one way and downtown the other. It’s the perfect location for Leanne and me as empty nesters and also for our son. Couple that with good investment potential and buying two Great Lakes Tower units was an easy decision.”

 

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