Wayne State University
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Abstract The Chatsworth Tower Apartments were built in 1929. The nine-story building is nestled within Wayne State University’s campus at 630 Merrick Street. Once owned by Otto Wismer of Bondholders Management, Inc., the university attempted to purchase the building in 1951. Although the parties did not originally agree on the terms of sale, the university eventually purchased the building in 1961 for $900,000, while Bondholders Management, Inc. simultaneously made a $100,000 donation to Wayne...