Waters Edge

Summer, 2016 – Detroit River Living


Waters Edge, Detroit’s first new residential development to open in more than 25 years, is filling fast. If you want luxurious, waterfront living in the hear of Detroit’s popular Rivertown area, you better move quickly.

“We opened officially in January,” says April Sedillos, executive vice president at Triton Properties. “All the one- and three-bedroom units are leased. Only two-bedroom, two-bath apartments are left.”

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Luxury apartments development hopes to draw residents to riverfront

Apr 11, 2016 – Model D

Competition and cost for apartments in downtown Detroit have risen so sharply in recent years, even the luxury apartment market has become cost prohibitive for some.

Triton Properties, the Denver-based developer which entered the Detroit market in 2009, is betting that their Waters Edge at Harbortown luxury apartment development will absorb some of that overflow.

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Waters Edge at Harbortown Apartments Now Open

Mar 24, 2016 – DBusiness

After more than two years of construction, the Waters Edge at Harbortown apartment complex is now open, making the property among Detroit’s first new residential developments in more than 25 years.

On-site amenities include a private marina, direct entry to the Riverfront walkway, full access to the 35-acre Harbortown master development community, and a forthcoming fitness center and community building.

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Leases Available for New Riverfront Apartments

July 29, 2015 – DBusiness

Triton Properties, a real estate invest firm, has begun offering leases for Waters Edge apartment community on the city’s riverfront, due to open in October.

“The real estate demand in Detroit is growing rapidly with new residents looking to move or relocate within the city all the time,” says April Sedillos, executive vice president at Triton. “We’re confident the Waters Edge apartment community will provide a really great, urban luxury option for those in the rental market.”

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Pre-leasing begins for Water’s Edge at Harbortown apartments on Detroit River

July 28, 2015 – Crain’s

Pre-leasing has begun for the 134 units in the Water’s Edge at Harbortown apartment community along the Detroit River.

The development at 250 E. Harbortown Drive, south of East Jefferson Avenue and west of Mt. Elliot Street, is expected to open in October. Costs of the development, by Greenwood Village, Colo.-based Triton Investment Co., have not been disclosed.

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Denver neighborhood called one of the 10 most beautiful in the nation

April 13, 2015 – Denver Business Journal

Take a moment to stop and look around Denver, and it’s nearly impossible not to see beauty in some fashion. Between aesthetically pleasing buildings that contrast between modern and rustic architecture, tree-lined sidewalks, vibrant artwork and even the uniqueness of the people themselves, the Mile High City is definitely gorgeous.

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Detroit Town Apartments to get $5M renovation

Nov 11, 2014 – Crain’s

The owner of the Alden Towers on the Detroit River now has plans for a $5 million renovation of the former Detroit Town Apartments at 1511 First St., south of Bagley Street. Scheduled for completion in spring 2016, Triton Investment Co., based in the Denver suburb of Greenwood Village, plans to install new kitchens, appliances, lighting, paint and flooring in the majority of the building’s 255 studio and one- and two-bedroom apartments.

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Detroit’s Town Apartments Sold, Will Undergo 18-month Renovation

Sept 4, 2014 – DBusiness

Riding Detroit’s redevelopment wave, Triton Investment Co. has acquired the Town Apartments at First and Bagley in downtown Detroit, and will soon start a renovation that will include upgrades to most of the 255 residences, along with new finishes to the common areas, heating and cooling improvements, and the addition of new amenities.

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Triton Executive Team with Detroit Mayor David Bing at the opening of the Alden Towers

June 13th, 2013 – Detroit Michigan

Pictured from left to right, The Triton Executive Team, Ronald Warren, April Sedillos, Patrick Bailey, Don Bailey, and Mayor David Bing at the grand opening of the Alden Towers Apartments, Detroit Michigan, June 13th, 2013

Triton Properties unveils a brand-new look for the historic Alden Towers

June 18, 2013 – Model D

On June 13, Triton Properties unveiled the new look of the historic Alden Towers apartment buildings located on East Jefferson in Detroit’s Gold Coast neighborhood. The Towers, also known as Alden Park Manor, were built in 1923 and designed by architect Edwin Rorke. Despite being on the National Register of Historic Places, the four towers had fallen into a state of disrepair in recent years. Denver-based Triton Properties has been working to restore this property to its former grandeur with help from Detroit’s Kraemer Design Group.

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Downtown Detroit rents go through roof

June 18, 2013 – The Detroit News

Residential rent prices in the gentrifying neighborhoods of Detroit are steadily marching upward, climbing in some cases by $3,000 more per year for the same place, and landlords are pushing them higher at every opportunity. That’s because the rent is still too low for buildings to pay for themselves without relying on government subsidies and foundation dole, developers and city economic officials contend. But the demand to live in Corktown, downtown, Midtown and along the riverfront is red hot — nine of 10 rental units in those neighborhoods are occupied, according to studies.

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Classic Alden Towers On East Jefferson Celebrate A Renovation

June 14, 2013 – Deadline Detroit

Alden Towers is having a much-needed identity crisis. The apartment complex on Jefferson and Van Dyke in Detroit’s Gold Coast neighborhood held a reopening event Thursday night to unveil renovations on one of four towers. The other three will be remodeled in the next year and a half, completing $5 million in rehab. That leaves the buildings with 92 finished units, 45 units in progress and another 245 to start on.

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Alden Revealed

June 14, 2013 – Curbed

Triton Properties is very proud of the progress they’ve made renovating the Alden Towers, a riverfront apartment complex that was partially ruled by squatters before Triton took over last August. They had a party last night to reveal their work, which involves a Design-on-a-Dime spreading of $5M over 382 units and common areas. Care to see the early results?

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Alden Towers, Detroit Historic Renovation, Leads Charge For East Riverfront Development

June 13, 2013 – Huffington Post

Don Bailey isn’t a Detroiter. He’s not a transplant to the area, either. But Bailey, the chairman and CEO of the Denver-based Triton Group, is putting his money on the Motor City.

On Thursday, Triton Properties will unveil the first stage of a $5 million renovation of the historic Alden Park Towers at 8100 East Jefferson Ave., which will now be known simply as “Alden Towers.” The four red brick towers, lined with grey stone trim, sprawl along part of the Detroit River known as the “Gold Coast” — an area that’s ripe for even more redevelopment.

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Alden Towers seeking former glory with major rehab

June 9, 2013 – Detroit Free Press

A Denver-based private property company is restoring the old Alden Park Towers, a 1923 apartment complex on the Detroit riverfront, to its former glory — and is betting the city eventually will pull through its serious financial woes.

“We see a great future for the city,” said Don Bailey, CEO of Triton Properties.

Triton purchased the 380-unit complex, which was in foreclosure, in August for $2 million — and plans to spend $5 million more to rehabilitate it.

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Alden Park Towers Gets a Much-Needed Makeover

April 2, 2013 – City Living Detroit

Triton Properties (Triton) announced its plans for Alden Park Towers, one of Detroit’s longest standing riverfront residences. Headquartered in Denver, CO, Triton purchased the towers in August 2012. Since then, the company has invested heavily in the renovation and restoration of the property.

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Denver residents well-versed in Poets Row – The Denver Post

November 19th, 2011 – The Denver Post

Built in 1938, the Twain fuses art deco and art moderne styles; the author’s name appears above the entrance in bold steel lettering. It has rounded corners and an off-center entrance, and features glass block and a small facade of polished black-and-yellow composite that resembles spackleware. Like most of Poets Row, it was built with tawny brick, accented by horizontal red-brick bands.

Mark Twain once said: “Thunder is impressive, but it is lightning that does the work.”

“The buildings have a lot of charm and are on a very nice block,” says April Sedillos, executive vice-president of Triton Properties, which owns six buildings on the west side of Poets Row. “The interiors also have details such as arches and coved ceilings. There’s a uniqueness. Each one has a little bit of its own style.”

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