The Griswold Project Scrapped

The collapse of the housing market has claimed yet another victim. The 80 luxury condominium Griswold Project that was set to be built above the new 10-story Book Cadillac parking garage has been scrapped. The Detroit Downtown Development Authority and the Roxbury Group must pay $1.5 million after canceling an order for Steel and precast concrete molds.

Slow sales have at best, delayed the project, but the group is willing to reconsider the deal if the housing market improves. Only nine units had been sold by December 1st, with another seven set to be sold. This was not enough to meet the requirement that 20 units be sold by the end of the year. An extra $750,000 was spent by the city to reinforce the garage so condominiums could be built on top.

Remnant

Remnant, originally uploaded by A Dubs.

The remains of the high speed test track at the Packard Proving Grounds. Shelby Township, MI

Rosa Parks Transit Center

Work at the Whitney

The upper facades on the David Whitney building have had some repair work undertaken recently. Workers have been Tuck pointing the brickwork and replacing damaged areas. A crane was lifting palates of glazed white bricks onto the roof last week.

Detroit 2.0

In case you missed it, Dan Gilbert has offically announced that he is moving his 4,000 employee strong Quicken Loans company to Downtown Detroit. Gilbert has contractually promised the city that he will make a final decision within the next 12 months to build his headquarters on one of two possible sites. The new headquarters will be built either on a site at Grand Circus Park that includes the locations of the now demolished Statler & Tuller Hotels and the currently vacant United Artists Building, or above the city's Premier Garage, which is the former site of Hudson's building.

Once the decision is made, it will take another 18 to 24 months to complete due diligence, renderings and construction plans. Gilbert is intent on developing both parcels of land and brining other companies into the mix. The city has also given Gilbert options to develop the Lafayette building and two city owned parking lots between Broadway and Library as part of the agreement.

Hudsons Site

Statler Site

Lafayette Building

City parking lots between Library and Broadway