Andylinn Member Username: Andylinn
Post Number: 1088 Registered: 04-2006
| Posted on Monday, November 10, 2008 - 2:33 am: | |
I just read this article from April: http://www.detnews.com/apps/pb cs.dll/article?AID=/20080509/B IZ/805090343/1361/UPDATE Says there is to be a 70 rental unit redevelopment in lower woodward. The article says the closing will be in October... Did that happen? Status update on this deal? |
Danny Member Username: Danny
Post Number: 7908 Registered: 02-2004
| Posted on Monday, November 10, 2008 - 12:56 pm: | |
Well it better work. Our economy is F@$#%! up thanks to the George Bush. |
Hans57 Member Username: Hans57
Post Number: 355 Registered: 05-2006
| Posted on Monday, November 10, 2008 - 2:50 pm: | |
Don't hold your breath on this one Andy. |
Kenp Member Username: Kenp
Post Number: 1292 Registered: 03-2006
| Posted on Monday, November 10, 2008 - 3:39 pm: | |
aint gunna happen, at least not for a long while. Sad, we were starting to make some nice moves 2 years ago |
Sean_of_detroit Member Username: Sean_of_detroit
Post Number: 2167 Registered: 03-2008
| Posted on Tuesday, November 11, 2008 - 1:35 am: | |
:::BUMP::: |
Lmichigan Member Username: Lmichigan
Post Number: 6402 Registered: 10-2003
| Posted on Tuesday, November 11, 2008 - 2:46 am: | |
Bump for what? |
Ljbad89 Member Username: Ljbad89
Post Number: 74 Registered: 10-2007
| Posted on Tuesday, November 11, 2008 - 2:50 am: | |
BUMP = Bring up my post It is used in forums if a thread / topic has fallen towards the bottom of the forum and the person wants more discussion. |
Andylinn Member Username: Andylinn
Post Number: 1089 Registered: 04-2006
| Posted on Tuesday, November 11, 2008 - 3:16 am: | |
I know the economy is BAAAD, but I thought the rental market was less soft than the purchase market, and the article is only from April... Any definitive word? (though I am not holding my breath!) |
Sean_of_detroit Member Username: Sean_of_detroit
Post Number: 2168 Registered: 03-2008
| Posted on Tuesday, November 11, 2008 - 3:28 am: | |
I bumped it because I have been asking about this project regularly since it was announced (though it's been at least a month), and have yet to get much of a reply. |
Spidergirl Member Username: Spidergirl
Post Number: 352 Registered: 12-2004
| Posted on Tuesday, November 11, 2008 - 8:33 am: | |
You should walk or drive by those buildings. They sit empty with no sign of renovation (except for floorplans in the window of the Elliott) since this article was written. |
Mackinaw Member Username: Mackinaw
Post Number: 5477 Registered: 02-2005
| Posted on Tuesday, November 11, 2008 - 9:36 am: | |
The bad economy really isn't the appropriate excuse. The credit issues-- yes, where applicable. But in a few months when money is available again, but we are still in a deep recession, you should reasonably expect that projects should get moving again in most places. There's nothing wrong with building projects in a slump. Building in a slump gives the builder the advantage of less costly building materials, and the ability to be ready to capitalize on returning demand when the recession ends. Many famous homes and buildings were built during the great depression. The question is: will what I just be described be the case elsewhere and not in Detroit, due to the impending job hemorrage. I'd say: probably. But if the question is whether downtown can still see some great new developments and overall growth while the region languishes, I'd say that there is still a good chance. |
Higgs1634 Member Username: Higgs1634
Post Number: 748 Registered: 10-2005
| Posted on Tuesday, November 11, 2008 - 10:05 am: | |
quote:Many famous homes and buildings were built during the great depression. Yeah, look at the Fisher and the Book Buildings. Both built EXACTLY as planned during the Depression.
quote:Initially, Kahn planned for a complex of three buildings, with two 30-story structures flanking a third tower twice that height. However, the Great Depression kept the project at one tower.
quote:A taller Book Tower of 81 stories was to be built at the opposite end of the Book Building, but the Great Depression cancelled those plans. Your post makes no sense Mack. "building" will not "get moving" again in Detroit until this area sees some positive economic growth. no one is going to invest the vast sums of money required in an area that appears to be in its death spiral. |