Corktown’s Roosevelt Hotel sold to Boydell Development Co.

Corktown’s Roosevelt Hotel sold to Boydell Development Co.
By Gary Anglebrandt Crains Detroit

The shuttered Roosevelt Hotel in Corktown has been sold to Dennis Kefallinos, owner of a variety of properties in Detroit.
Kefallinos is the owner loft apartment buildings and businesses in the city, including Niki’s Pizza and Loco Bar & Grill in Greektown, and the River Park Lofts and Lafayette Lofts.

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Chris Mihailovich, a property manager for Kefallinos' Detroit-based Boydell Development Co., confirmed the sale but would not disclose the price or say what the plans are for the property.

According to the Wayne County Register of Deeds, the property was foreclosed on Sept. 17.

The hotel was reportedly sold by Wayne County at auction on Oct. 25 for $37,500, said Jeff DeBruyn, president of the Corktown Residents’ Council. DeBruyn is also one of the people leading the nonprofit Imagination Station community art project right next door to the hotel. The nonprofit sought to purchase the Roosevelt at the auction as part of its growing project.

The Imagination Station consists of two neighboring houses the nonprofit picked up from the county for $500 each. The nonprofit recently acquired the rights to buy five empty lots to the south, as well.

Kefallinos is credited with saving properties in Detroit that otherwise would have remained empty, including the Russell Industrial Center, which he owns. The center is associated with The Russell Center for Creative Arts, a nonprofit.

He’s also the owner of Bouzouki’s, a strip club in Greektown.