The RENN Riverfront Housing

The RENN will be a conversion of the 600 Renaissance Center from 336,00 sq. ft. of office space into 342 residential apartment units. This property, the 7th tower in the Inconic RenCen is at the center of a Riverfront transformation in Detroit. The acquisition of the property below replacement cost combined with government subsidies for the development and tax incentives through the opportunity zone provide a significant upside with mitigated risks.

These projects not only help meet the demand for housing but also breathe new life into urban cores, making them more vibrant and economically diverse with mixed-use buildings that are enhancing the live-work-play dynamic. These conversions are often seen as a sustainable and efficient way to revitalize cities, reduce carbon footprints, and make better use of existing infrastructure.

The RENN Riverfront Housing

Conversion of the 600 Renaissance Center, the 7th tower in the RenCen is at the center of a Riverfront transformation in Detroit. A below replacement cost acquisition is planned for conversion from 336,000 sf office space into 342 residential units.

With 1 billion s.f. of vacant commercial space nationwide and the shortage of affordable housing, there is a growing market converting office buildings into residential spaces. The incentives such as tax breaks, grants, and streamlined permitting processes encourage these conversions. These projects not only help meet the demand for housing but also breathe new life into urban cores, making them more vibrant and economically diverse with mixed-use buildings that are enhancing the live-work-play dynamic. These conversions are often seen as a sustainable and efficient way to revitalize cities, reduce carbon footprints, and make better use of existing infrastructure.

Center of major redevelopment

336,000 SF Acquired below replacement cost on Riverfront

Building ready for conversion to Residential Housing

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Conceptual Plans on the Conversion of office to Residential

Slides of the floor plans and plans for the project

PROFIT FROM RIDE OF DETROIT WAVE.

All investments have risk, and the best laid plans can change. Yet, if there was ever an opportunity at the right place and right time and the right circumstances, this would be at the top of the list.

All investments have risk and the best laid plans can change. Yet, if there was ever an opportunity at the right place and right time and the right circumstances, this would be at the top of the list.

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The information herein has been prepared for educational purposes only and does not constitute an offer to purchase or sell securitized real estate investments. Such offers are only made through the Sponsor’s Private Placement Memorandum (PPM) which is solely available to accredited investors and accredited entities. The RENN investment is only available to accredited investors (generally described as having a net worth of over $1 million dollars exclusive of primary residence) and accredited entities only.
If you are unsure if you are an accredited investor and/or an accredited entity, please verify with your CPA and Attorney.

iDream Enterprises”), through this website or any other medium, should be construed or is intended to be a recommendation to purchase, sell or hold any security or otherwise to be investment, tax, financial, accounting, legal, regulatory or compliance advice. Nothing on this website is intended as an offer to extend credit, an offer to purchase or sell securities or a solicitation of any securities transaction.

The material contained on this website is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy, sell or hold a security or investment strategy and is not provided in a fiduciary capacity. The information provided does not take into account the specific objectives or circumstances of any particular investor or suggest any specific course of action. The information represents EquityMultiple’s view of the current market environment as of the date appearing above. There can be no assurance that any EquityMultiple fund or investment will achieve its objectives or avoid substantial losses. Investment decisions should be made based on an investor’s objectives and circumstances and in consultation with her or her financial professionals. Past performance is no guarantee of future results.

All research and other information provided on this website has been prepared for informational purposes only and EquityMultiple assumes no liability or responsibility for any errors or omissions in the content of this website or any linked website.

There are material risks associated with investing in real estate including liquidity, tenant vacancies, general market conditions and competition, lack of operating history, interest rate risks, the risk of new supply coming to market and softening rental rates, general risks of owning/operating commercial and multifamily properties, short term leases associated with multi-family properties, financing risks, potentially adverse tax consequences, general economic risks, development risks, long hold periods, and potential loss of the entire investment principal. Potential cash flows/returns/appreciation are not guaranteed and could be lower than anticipated. Diversification does not guarantee a profit or protect against a loss in a declining market. It is a method used to help manage investment risk. Because investor situations and objectives vary this information is not intended to indicate suitability for any particular investor.
This material is not to be interpreted as tax or legal advice. Please speak with your own tax and legal advisors for advice/guidance regarding your particular situation.


Please consult the appropriate professional regarding your individual circumstances. The information contained herein is preliminary for information purposes only. The actual investment of property performance may not be similar to what is presented. This site is published for residents of the United States only. Representatives may only conduct business with residents of the states and jurisdictions in which they are properly registered. Therefore, a response to a request for information may be delayed until appropriate registration is obtained or exemption from registration is determined. Not all services referenced on this site are available in every state through every advisor listed. For additional information please email [email protected]


The information herein has been prepared for educational purposes only and does not constitute an offer to purchase or sell securitized real estate investments. Such offers are only made through the Sponsor’s Private Placement Memorandum (PPM) which is solely available to accredited investors and accredited entities. The RENN investment is only available to accredited investors (generally described as having a net worth of over $1 million dollars exclusive of primary residence) and accredited entities only.
If you are unsure if you are an accredited investor and/or an accredited entity, please verify with your CPA and Attorney.

iDream Enterprises”), through this website or any other medium, should be construed or is intended to be a recommendation to purchase, sell or hold any security or otherwise to be investment, tax, financial, accounting, legal, regulatory or compliance advice. Nothing on this website is intended as an offer to extend credit, an offer to purchase or sell securities or a solicitation of any securities transaction.

The material contained on this website is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy, sell or hold a security or investment strategy and is not provided in a fiduciary capacity. The information provided does not take into account the specific objectives or circumstances of any particular investor or suggest any specific course of action. The information represents EquityMultiple’s view of the current market environment as of the date appearing above. There can be no assurance that any EquityMultiple fund or investment will achieve its objectives or avoid substantial losses. Investment decisions should be made based on an investor’s objectives and circumstances and in consultation with her or her financial professionals. Past performance is no guarantee of future results.

All research and other information provided on this website has been prepared for informational purposes only and EquityMultiple assumes no liability or responsibility for any errors or omissions in the content of this website or any linked website.

There are material risks associated with investing in real estate including liquidity, tenant vacancies, general market conditions and competition, lack of operating history, interest rate risks, the risk of new supply coming to market and softening rental rates, general risks of owning/operating commercial and multifamily properties, short term leases associated with multi-family properties, financing risks, potentially adverse tax consequences, general economic risks, development risks, long hold periods, and potential loss of the entire investment principal. Potential cash flows/returns/appreciation are not guaranteed and could be lower than anticipated. Diversification does not guarantee a profit or protect against a loss in a declining market. It is a method used to help manage investment risk. Because investor situations and objectives vary this information is not intended to indicate suitability for any particular investor.
This material is not to be interpreted as tax or legal advice. Please speak with your own tax and legal advisors for advice/guidance regarding your particular situation.


Please consult the appropriate professional regarding your individual circumstances. The information contained herein is preliminary for information purposes only. The actual investment of property performance may not be similar to what is presented. This site is published for residents of the United States only. Representatives may only conduct business with residents of the states and jurisdictions in which they are properly registered. Therefore, a response to a request for information may be delayed until appropriate registration is obtained or exemption from registration is determined. Not all services referenced on this site are available in every state through every advisor listed. For additional information please email [email protected]

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