Detroit Elevator Company Building To Be Converted Into Lofts

RDR Real Estate has purchased the Detroit Elevator Company Building on Franklin St. in Rivertown. They plan to convert the 25,000 square ft. building into 23 condo units averaging 1,000 in size to sell for a price of about $235 per sq. ft.. This continues the trend to convert Rivertown into a mixed use district with an emphasis on residetial units with several other condo projects having been previously announced.

Renovation is slated to begin this summer with the goal of a summer 2008 move in date.

A website has been recently launched for this project elevatorbuilding.com.

Parking! Parking!

Olympia Development has received a $104,500 state grant demolish the dilapidated Vermont Hotel at 138 W. Columbia. The vacant building is in an area behind the Fox Theater that has been long rumored to be the planed location of a new hockey arena for the Detroit Red Wings. Olympia plans to tear down the building within weeks, but the only immediate use for the property will be as additional parking.

Hip City Living

Hip City Living has recently updated their web page. It gives a first look at their plans for Brush Park Village North. The ground breaking is set for April 16th.

Model D TV Covers Edmund Place Condos

History vs Parking, Parking Wins

The Detroit Commerce Building is a sliver of its former self.

Demolition of The Detroit Commerce Building is wrapping up. The site of the 81 year old Chicago School style building will be used for a 528 space parking garage for the restored Westin Book-Cadillac Hotel and Residences.

The Detroit Downtown Development Authority has agreed to sell the "Air Rights" for the garage to a local firm that wants to build 80 condos on top of the structure. There has been no word on street level retail being included in
this plan.