  Kraemerdesigngroup Member Username: Kraemerdesigngroup Post Number: 13 Registered: 10-2005 Posted From: 63.242.134.66 |
Anyone have floor plan information on the David Stott Building? | ||
Slows Member Username: Slows Post Number: 94 Registered: 01-2005 Posted From: 68.250.202.236 |
why do you ask? | ||
Merchantgander Member Username: Merchantgander Post Number: 1384 Registered: 01-2005 Posted From: 150.198.150.245 |
why do you ask? | ||
Detroitduo Member Username: Detroitduo Post Number: 372 Registered: 06-2005 Posted From: 194.138.39.55 |
why do you ask? | ||
Llyn Member Username: Llyn Post Number: 1281 Registered: 06-2004 Posted From: 68.61.197.206 |
why do you ask? | ||
Slows Member Username: Slows Post Number: 95 Registered: 01-2005 Posted From: 68.250.202.236 |
echo echo echo | ||
Machoken Member Username: Machoken Post Number: 1077 Registered: 10-2003 Posted From: 65.86.12.2 |
Hello! Hello! Hello! | ||
Bvos Member Username: Bvos Post Number: 1138 Registered: 10-2003 Posted From: 66.238.170.39 |
Any body out there, there, there? | ||
Goat Member Username: Goat Post Number: 7880 Registered: 10-2003 Posted From: 64.228.197.253 |
Wow! Pretty childish. The person asks a legitimate quetion and he/she gets the typical arrogant forum response. | ||
Machoken Member Username: Machoken Post Number: 1078 Registered: 10-2003 Posted From: 65.86.12.2 |
Wow! Pretty hateful. People are just having a little fun and we get the typical devisive forum attacks. | ||
Hamtramck_steve Member Username: Hamtramck_steve Post Number: 2580 Registered: 10-2003 Posted From: 136.181.195.17 |
Aw, Dad, c'mon! We're only trying to have some fun. Why do you have to go and wreck it? | ||
1953 Member Username: 1953 Post Number: 627 Registered: 12-2004 Posted From: 209.104.146.146 |
Could be a terrorist. (Message edited by 1953 on December 13, 2005) | ||
Goat Member Username: Goat Post Number: 7881 Registered: 10-2003 Posted From: 64.228.197.253 |
No attacks here Machoken. Read the thread again. A developer/designer (who is not on this forum much) asks a legit question and 8 posts later he/she is still getting ridiculous comments. Whatever happened to the knowledge, inside info and respect this place once had? Don't get me wrong, I'm all for jokes and comedy but there is a time and place for everything is there not? (BTW: Since I said something against the grain up in here, I expected to get roasted...let the bashing begin) | ||
Chris_rohn Member Username: Chris_rohn Post Number: 147 Registered: 04-2005 Posted From: 71.144.84.66 |
rediculous! | ||
Machoken Member Username: Machoken Post Number: 1082 Registered: 10-2003 Posted From: 65.86.12.2 |
It's all in fun Goat, you moran!  | ||
Goat Member Username: Goat Post Number: 7882 Registered: 10-2003 Posted From: 64.228.197.253 |
I am NOT a moran! I am a Morawn! To get back on topic does anyone have a floor plan? I would like to see it as well. | ||
Northend Member Username: Northend Post Number: 428 Registered: 10-2005 Posted From: 69.212.227.66 |
calm.....as everyone is reading his Model D..... | ||
Island Member Username: Island Post Number: 9 Registered: 01-2005 Posted From: 207.91.212.254 |
Best of my knowledge, they put the floors on the bottom. (sorry, childish; did try to google-help to no avail) | ||
Ocd1963 Member Username: Ocd1963 Post Number: 1 Registered: 11-2005 Posted From: 69.222.15.94 |
Last I knew, the building owner was: Nick Tsalis 965-9825 | ||
Merchantgander Member Username: Merchantgander Post Number: 1385 Registered: 01-2005 Posted From: 150.198.150.245 |
Goat, just so you know my question was to slows, Dou's question was to me, and Lyn's question was to Dou. And surprisingly nobody answered a damm one of them. | ||
Llyn Member Username: Llyn Post Number: 1285 Registered: 06-2004 Posted From: 68.61.197.206 |
I asked last! I also tried to google something. Wish I had more to offer. I thought someone on the forum has some detailed info on the Stott at one time, though. Couldn't find it. | ||
Brandon48202 Member Username: Brandon48202 Post Number: 36 Registered: 12-2004 Posted From: 68.248.15.192 |
From Loopnet: David Stott Building 1150 Griswold Detroit, MI 48226 County: Wayne For more information, click to email: Frederick Lovelace (313) 371-5100 For Sale Primary Type: Office Office Building Building Size: 165,000 SF Building Class: B Occupancy: 43.00% Price: $3,999,999 Price/SF: $24.24 Year Built: 1929 Property Description: The David Stott Building was built in 1929. Its Architectural Style would be art deco with marble and masonry materials throughout. The building is a 37-story highrise office building with prime office space available. The building lends itself to attracting new tenants or preparing itself for prime condo conversions. This historical building located in the downtown district of Detroit is a must see for s strong commercial buyer. The David Stott Building is located within walking distance of the new Comerica Park (Tiger Baseball), Ford Field (Lions Football), Harmony Hall, and the beautiful Fox Theatre. (Message edited by brandon48202 on December 13, 2005) | ||
Aiw Member Username: Aiw Post Number: 5127 Registered: 10-2003 Posted From: 209.216.150.127 |
I've been through the 32nd floor (thanks to Carptrash). It's a great floor plan. Basically, your standard 1920's layout. Central hallway, with elevators in the middle, one very large marble laden bathroom on the floor. I'm not sure what floors the square footage start reducing with setbacks, but the building has potential. Any relation to this? I might have some interior photos I can dig up. | ||
Alexei289 Member Username: Alexei289 Post Number: 904 Registered: 11-2004 Posted From: 68.61.183.223 |
... Holy shit... its only going for 4'000'000? Is that a sale price or a lease price? ... If you converted 10 of the floors (5,000 SQft each) Divided into 2,300 sqft each (room for lobby) Into condos... Selling at 260,000 Each.. that makes out to about 5,200,000... Which COVERS the sale price of the building.. Assume about 2,000,000 for the conversion (at about 100,000 per unit (plus structural changed which jacks up the price, Drywall and interior materials really arent that expensive EVEN if the windows were replaced). that STILL leaves only 800,000 to be made up through leased units. Assume that another 5 Floors were converted into 5, 1000sqft Appartments each, rented at 700$ a month. thats 17,500 Just on the appartments alone (also assume about 12,000 since full occupancy will be difficult) Which would cover the payment on the approx 2,000,000 Debt added to convert the condos and the appartments. THe rest would be pretty close to leased up for commercial space which would be your income. Pass about 10 years... and you will have QUITE a profit.... and about 5,000,000 + (assuming that Downtown will appreciate greatly over the next decade) in equity to back you. Forming a company to maintain the structure (similar to a neighborhood association) could charge about 100$ a month to each tennent and keep the building fresh and maintained. If you ask me, this sounds too good to be true... and usually it is... So im leary that there is something big going on in that place... Perhaps the property taxes are god awful? | ||
Brandon48202 Member Username: Brandon48202 Post Number: 37 Registered: 12-2004 Posted From: 68.248.15.192 |
Property taxes aren't bad: $29,485.69 for 2005. Probably the biggest obstacle for the building is the lack of parking. | ||
Registeredguest Member Username: Registeredguest Post Number: 337 Registered: 10-2003 Posted From: 70.236.170.81 |
Perhaps people don't do something with it because of attitudes like yours, Alexei289, about Michigan and its future (see comment on "Return to the Rustbelt thread). Comments which reinforce economical stereotypes regarding the region. Comments that are feuled by misinformation. Comments that fail the recognize the hard work many are engaged in to turn this region around. Comments that make investors leary of investing in Detroit, or the region, due to the blatant ignorance of some of its peoples. | ||
Kraemerdesigngroup Member Username: Kraemerdesigngroup Post Number: 14 Registered: 10-2005 Posted From: 69.216.129.114 |
Thanks Brandon48202 for the info. Yes everyone, KDG is aware the building is for sale. We routinely look for opportunities for our client base; hence, the question. I have never been through the building and was looking for info understand the possibilities. FYI, KDG is only an architectural/interior design firm...not developers. Someday maybe, but not now. | ||
Psip Member Username: Psip Post Number: 638 Registered: 04-2005 Posted From: 69.246.13.131 |
The 37 story David Stott building and the world famous 23 story tall streelight pole.  | ||
Histeric Member Username: Histeric Post Number: 653 Registered: 10-2003 Posted From: 68.248.15.192 |
May we engage your services during the due diligence? We have met before but I have always wanted to engage your services. The Parker/Webb building is the shit and you folks can take a good portion of the kudos for the results. Can we have lunch before the holidays/ our offer to the owner? Email me at gcdc@sbcglobal.net and we can arrange a deal for the due diligence. (Message edited by histeric on December 14, 2005) | ||
Carptrash Member Username: Carptrash Post Number: 1397 Registered: 10-2003 Posted From: 72.16.51.242 |
I've been through the 32nd floor, [thanks to AIW], and yes, it had a definate floor plan. Not to mention the Parduccis on the sides. | ||
Fho Member Username: Fho Post Number: 35 Registered: 11-2003 Posted From: 68.84.186.249 |
Kraemerdesigngroup, may I shamelessly beg for a job opportunity? I'm an architecture major banished to retail hell since graduation due to lack of opportunities. Save me! I can put the Stott Tower on CAD for you! Actually you already have about three of my resumes in the trash bins...  But seriously the work you do in the city deserves attention and praise. | ||
Rsa Member Username: Rsa Post Number: 707 Registered: 10-2003 Posted From: 68.255.164.55 |
hey hey histeric; don't forget about me! | ||
Fho Member Username: Fho Post Number: 37 Registered: 11-2003 Posted From: 68.84.186.249 |
The Stott has a small but elegant lobby which has recently been restored. If you're ever there look for photographs on one wall of how it looked after a cheap and ugly modernization during the 70s and 80s. I think it's always a good idea for restored buildings to post before-and-after-and-back-agai n pictures. There couldn't be a better advertisement for restoration. I have heard complaints that the building is prone to frequent power and heating failures though. | ||
Swingline Member Username: Swingline Post Number: 375 Registered: 11-2003 Posted From: 172.169.171.254 |
I have been in this building many times on many of the floors. The building is completely obsolete for most office uses. A small handful of suites have been gutted and renovated in the last decade and are quite nice. But the small floorplates create very shallow spaces between the elevator core and the exterior windows that are very difficult to set up for today's typical office configuration. Small architecture, PR, and advertising firms that often are flexible and creative with their office layouts are about the only types of firms that can pay the Class A/B+ rates necessary to fund the renovation that would be needed on almost any suite in the building. There's not enough of these kinds of firms to create a market for the space in this building. Next down the food chain are the non-profits and I think the building has a bunch of those. A building full of non-profits rarely makes a building very profitable. Although it doesn't have dedicated parking, thousands of ramp structure spaces withing 300 ft of the front door have been completed in the last 3 years. Parking isn't the biggest problem for an office use of this building. However, parking, rather than the floor plan is the biggest question mark for a residential conversion. If parking can be solved, the building is a great candidate for a conversion. The views from the top floors are spectacular. The views plus the exclusivity of full floor or only 2 or 3 units per floor should command luxury rates. Does anybody know if this building is on the National Register making it eligible for a tax credit deal? Another question are the market studies for a residential conversion. Although none of the deals are not completely sewn up (fingers are crossed), the Lafayette, 1001 Woodward and Book Cadillac will presumably come on line before the Stott could. Do the studies say that that many units within a few hundred feet of each other can be abosrbed? Just wondering. (Message edited by swingline on December 16, 2005) | ||
Dan Member Username: Dan Post Number: 1157 Registered: 10-2003 Posted From: 69.47.194.247 |
According to Zimmerman Volk, 300 a year. http://www.book-cadillac.org/Z immerman_Volk_Report.pdf | ||
Motorcitymayor2026 Member Username: Motorcitymayor2026 Post Number: 268 Registered: 10-2005 Posted From: 69.218.157.241 |
Dan, thanks. that was an interesting study. |
