The Firehouse Detroit

About the offering

The Firehouse Detroit is a real estate development project located at 14003 Rosa Parks Blvd, Detroit, MI 48238. The project involves the adaptive reuse of a historic, vacant Detroit firehouse into a 25-bed, community-oriented co-living space focused on short-term accommodations. The property was purchased in January 1995 by Darnell Stewart, a now-retired Detroit Fire Chief with over 35 years of service to the Detroit Fire Department. Stewart, who also has experience as a landlord and residential property developer in Detroit, is the driving force behind the conversion. The concept is designed to serve individuals connected to emergency services, though operational flexibility allows for a broader resident base depending on demand. The project aims to offer an 'affordable luxury' co-living experience at approximately $100 per day, preserving the cultural heritage of the firehouse while creating a vibrant community space. The total projected development cost is approximately $1,396,000. The capital stack includes up to $800,000 sought through this Regulation Crowdfunding (Reg CF) offering, with the remaining approximately $596,000 expected to be covered through grant funding pursued by the building owner. Funds will support interior and exterior rehabilitation and phased build-out of the property. This is a debt offering. Investors receive a Promissory Note bearing 8% annual interest, amortized over 20 years, with quarterly principal and interest payments. All outstanding principal and interest is due in full by December 31, 2031. The minimum fundraising goal is $100,000 and the maximum is $800,000. The offering closes September 30, 2026, and investors may cancel through September 28, 2026. The offering is open to all investors (not limited to accredited investors) via NSSC Funding Portal, LLC under Regulation Crowdfunding. As of the snapshot, $0 has been raised with 0 investors and 109 days remaining.

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