Discuss Detroit » Archives - July 2007 » Whast the deal with the Elliot Building? « Previous Next »
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Apbest
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Username: Apbest

Post Number: 605
Registered: 03-2006
Posted on Tuesday, August 14, 2007 - 6:55 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

I was wondering if KDG or anyone with some info could shed some light on the apparent delays on this rehab.
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Sharmaal
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Username: Sharmaal

Post Number: 1200
Registered: 09-2004
Posted on Tuesday, August 14, 2007 - 7:39 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

My understanding is the owner is living in out of state. Sounds like another case of someone who doesn't want to do anything with their property until it's a meal ticket.

Can't blame them though.
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Apbest
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Username: Apbest

Post Number: 606
Registered: 03-2006
Posted on Tuesday, August 14, 2007 - 8:36 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

well that must be a recent development because the most recent press on this building said construction was supposed to start sometime this summer. It seems like most property owners who are waiting for a meal ticket don't develop floor plans and hire companies like Beal and Kraemer to do the design/contracting
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Charlottepaul
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Username: Charlottepaul

Post Number: 1448
Registered: 10-2006
Posted on Wednesday, August 15, 2007 - 2:23 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

"It seems like most property owners who are waiting for a meal ticket don't develop floor plans and hire companies like Beal and Kraemer to do the design/contracting"

You might be surprised. The cost of the architect is not a large portion of the budget. There are usually a lot of schematic and design development stuff just so that the owner can see if he really even wants to do the project. Usually the "cut-off" for the owner to decide is the point at which the schematic stuff would move into becoming construction documents (CDs). So chances are that if KDG or anyone has done the CDs, then the project will happen in some way or another.
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Rjlj
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Username: Rjlj

Post Number: 379
Registered: 11-2003
Posted on Wednesday, August 15, 2007 - 9:44 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

What are talking about Charlottepaul? Architectural fees and studies are not cheap.
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Charlottepaul
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Username: Charlottepaul

Post Number: 1453
Registered: 10-2006
Posted on Wednesday, August 15, 2007 - 1:08 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

What I mean is that the architect's fees is rarely more than 12% of the cost of construction. For example: http://www.tdarchitects.com/pr oject_fees.html
http://www.mtnsun.com/q-articl e4.htm
Granted, these are percentage of construction costs, and don't really include all of the preliminary design stuff. The prelim stuff is however usually an hourly fee, not to exceed a certain given amount. Any more questions?
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Billk
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Username: Billk

Post Number: 88
Registered: 09-2005
Posted on Wednesday, August 15, 2007 - 6:09 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

That sign on the building went up before the super bowl, right? Boy, sometimes things move slowly in the D.
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Davetroit
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Username: Davetroit

Post Number: 13
Registered: 03-2007
Posted on Thursday, August 16, 2007 - 12:44 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

I heard from someone who wanted to purchase the building and actually go ahead with the development that the out of state owner is very senile...
May have something to do with it...

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