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# Historic Fisher Building Refinancing $36 Million In Debt To Pay For More Upgrades
- URL: https://www.dailydetroit.com/historic-fisher-building-refinancing-36-million-in-debt-to-pay-for-more-upgrades/
- Published: 2019-07-01T10:52:53.000Z
- Updated: 2024-02-25T22:31:26.000Z
- Author: Jer Staes
- Tags: #wordpress, #Import 2024-02-25 18:12, #admin

The Fisher Building is going to get some more upgrades.

The 1928 Albert Kahn masterpiece — [often thought of as Detroit’s largest art object](https://www.historicdetroit.org/buildings/fisher-building?ref=dailydetroit.com) — has been undergoing some renovations but anyone who’s worked there knows there is more work to do.

The refinancing from Boston-based UC Funds that retires existing debt will allow the ownership team of The Platform, HFZ Capital Partners and Rheal Capital Management to do four main things:

- Modernize three more elevators
- Renovate the public bathrooms
- Create a conference center for the building
- Restoration of the brass doors and other artistic details

This is on top of work already done from the very easy to see — such as restoration work in the grand, three-story arcade — to some that are important but that you wouldn’t see, such as new HVAC and sprinkler systems.

Since changing owners, the Fisher has seen new retail shops and grab-and-go dining options, including the Peacock Room and City Bakery. 

New tenants have signed on upstairs and they’ve given the fourth floor a focus on creative businesses.