Sunday, October 19, 2008

Lafayette Towers

Lafayette Towers, originally uploaded by A Dubs.

Friday, October 03, 2008

Cadillac Centre Project Next To Tank?

The New York-based developers of the $150-million Cadillac Centre have failed to meet certain pre-development milestones according to the Detroit Economic Growth Corporation. The Northern Group Inc. was to have submitted a site review, title clearance and environmental review of the site to DEGC by July 7. In light of that failure, Northern Group. asked permission to offer a modified plan for the site near Campus Martius. That request was rejected by the quasi-public arm of the city.

This does not mean that the project is dead, the project could be renegotiated, but that is highly unlikely. The project was announced in January, just prior to the release of the text messages that brought down former Detroit Mayor Kwame Kilpatrick. Skeptics, at the time, proclaimed that the Cadillac Centre was just another one of the Mayor's pie in the sky projects that would never come to fruition. It appears as though those skeptics may have been right.

Wednesday, October 01, 2008

@Water Lofts Fail

Detroit developer Dwight Belyue's proposed 480-unit luxury condominium project, @Water Lofts, has been canceled. Detroit Economic Development Corp. has pulled the plug on a $119 million housing development. Belyuet was unable to meet deadlines in his agreement with the city.

Dave Bing's Watermark project continues to advertise and market its units at this time, but it remains to be seen whether or not that development will come to fruition.