  Kpm Member Username: Kpm Post Number: 55 Registered: 08-2005 |
Hearing on newly proposed riverfront condos to be held next week July 13, 2007 BY JOHN GALLAGHER FREE PRESS BUSINESS WRITER Still more upscale condominiums are planned for Detroit’s east riverfront, this time on vacant city-owned land east of the Harbor Hill Marina opposite Belle Isle. City planners and developers from Morgan Development LLC presented their proposal to the City Planning Commission Thursday evening. Plans call for Morgan to build four 10-story condo towers and multiple low-rise buildings immediately east of the marina... More at: http://freep.com/apps/pbcs.dll /article?AID=/20070713/NEWS01/ 70713027 | ||
Tkelly1986 Member Username: Tkelly1986 Post Number: 344 Registered: 01-2004 |
I wish it was one 40 story tower instead...Only joking, as it sounds like an interesting development | ||
Detroitstar Member Username: Detroitstar Post Number: 730 Registered: 01-2006 |
Finally, something of size and substance outside of the downtown area. It seems like 500 units at $550K is way too ambitious though. | ||
Upinottawa Member Username: Upinottawa Post Number: 892 Registered: 09-2005 |
Detroit mid-rises!  | ||
Lmichigan Member Username: Lmichigan Post Number: 5784 Registered: 10-2003 |
Detroitstar, That's exactly why they say they are phasing it. I, too, doubt we'll see 500 when it's all said and done, but better they dream big than not big enough. | ||
El_jimbo Member Username: El_jimbo Post Number: 253 Registered: 12-2006 |
It all depends. The only X factor here is the fact that waterfront property is always at a premium and always highly prized. With as crowded and built up as all the lakes in Oakland County are, it is not improbably that a demand would exist for those who wish to be on the water and have the means to pay for it. Also, when you put it in that perspective, $500,000 for waterfront property isn't that unreasonable. | ||
Lmichigan Member Username: Lmichigan Post Number: 5786 Registered: 10-2003 |
To be 500 units, it would have to be larger than Harbortown, I believe. It seems unlikely that out past the McArthur Bridge you could get something that large, but who knows? | ||
Jasoncw Member Username: Jasoncw Post Number: 383 Registered: 07-2005 |
I'm surprised they're going with that spot. You'd think they'd try to get in on the whole Rivertown thing. Or really, any other location. I kind of find it hard to believe that someone would pay $500,000+ to live there though. That's great though, hopefully it works out. | ||
Johnnny5 Member Username: Johnnny5 Post Number: 542 Registered: 06-2005 |
http://www.freep.com/apps/pbcs .dll/article?AID=/20070707/NEW S05/707070358 ^^^ This was a link showing that one of the last remaining public boat launches in Detroit would be a victim of this development. I'm all for the redevelopment of the waterfront, but not when it means that only a lucky (And wealthy) few will access to the river. (Message edited by Johnnny5 on July 13, 2007) | ||
Gistok Member Username: Gistok Post Number: 4821 Registered: 08-2004 |
It just looks like a continuation of the "Gold Coast".... that east riverfront section from the Belle Isle Bridge to the Manoogian Mansion that was Detroit's riverfront premier highrise residential district for decades. It's just creeping farther east. Plus with the Grayhaven area, Victoria Park, etc., there's more residential in that section of the east riverfront than there is in the fledgling warehouse district. I wonder if the Edison power station (the 2 Brothers of the former "7 Sisters & 2 Brothers") will one day meet the same fate as the cement silos? | ||
Jimaz Member Username: Jimaz Post Number: 2619 Registered: 12-2005 |
Johnnny5's link: http://www.freep.com/apps/pbcs .dll/article?AID=/20070707/NEW S05/707070358 | ||
Lmichigan Member Username: Lmichigan Post Number: 5787 Registered: 10-2003 |
edit (Message edited by lmichigan on July 13, 2007) | ||
Johnnny5 Member Username: Johnnny5 Post Number: 543 Registered: 06-2005 |
Thanks Jimaz. | ||
Jasoncw Member Username: Jasoncw Post Number: 384 Registered: 07-2005 |
Didn't the other article say that it would stay open? |
