Thursday, January 31, 2008
Tuesday, January 29, 2008
Med-Med Rethink
After marketing the Mid-Med Lofts redevelopment for two years with no sales the developer has decided to market the property as office space instead. 13 units had been presold but non of the purchases have been finalized. This will make it easier to convert the building to commercial as only two of the 38 units had been built-out for residential use.
Thursday, January 10, 2008
A New Contender?
There has been much speculation over where the Detroit Red Wings will build their new arena if they decide not to renovate the Joe Louis Arena. The leading contenders are Foxtown on the swath of parking lots behind the Fox Theater and the land the city has recovered from the failed Motown Center project West of Woodward and North of I-75.
The latest rumor suggest that a new arena will be built at Grand River and the Lodge on the site of the closed East Jefferies housing projects. The rationale being that traffic from Red Wings games and other events would spill over to the Ilitch owned Motor City Casino. This would solidify a second Ilitch controlled entertainment district bridging the gap between the Motor City Casino and the Masonic Temple which Olympia Entertainment is now booking.
The latest rumor suggest that a new arena will be built at Grand River and the Lodge on the site of the closed East Jefferies housing projects. The rationale being that traffic from Red Wings games and other events would spill over to the Ilitch owned Motor City Casino. This would solidify a second Ilitch controlled entertainment district bridging the gap between the Motor City Casino and the Masonic Temple which Olympia Entertainment is now booking.