  Dougw Member Username: Dougw Post Number: 1291 Registered: 11-2003 Posted From: 68.73.202.154 |
Check out the site: http://westinbookcadillacresid ences.com "Elegance has arrived in Detroit — The Westin Book Cadillac Detroit Residences offer incredible luxury and Westin® signature service. Our discriminating buyers will enjoy premier views of downtown Detroit, unavailable anywhere else. Views of sunrises and sunsets over the city will be unequalled, combined with four-star Westin® hotel services, the Residences invite you to become part of a new lifestyle of elegance and sophistication, unmatched in Detroit. Be among the first to get in on this groundbreaking ownership opportunity. Initial public offering December 2006." Ok, the site doesn't have much else at this point, except for the nice rendering of the B-C. There's also a nice full-page ad for this in the print edition of this week's Crain's "Living and Investing in the D" special issue. | ||
Livernoisyard Member Username: Livernoisyard Post Number: 1309 Registered: 10-2004 Posted From: 69.242.223.42 |
If the BC would be such an attractive place, etc., it wouldn't need this puffery of a marketing job. They'd sell themselves from word-of-mouth, and instead these units might have to be rationed or have to be sold via a lottery of sorts. Kinda reminds me of lead balloons... | ||
Burnsie Member Username: Burnsie Post Number: 565 Registered: 11-2003 Posted From: 35.12.22.98 |
It's amazing how people always find something to bitch about. | ||
Deandub11 Member Username: Deandub11 Post Number: 51 Registered: 05-2006 Posted From: 69.209.197.177 |
I know Burnsie I was thinking the same thing....its almost comical | ||
Apbest Member Username: Apbest Post Number: 161 Registered: 03-2006 Posted From: 68.40.65.66 |
wouldnt one expect a developer to advertise his/her developments? | ||
Burnsie Member Username: Burnsie Post Number: 566 Registered: 11-2003 Posted From: 35.12.22.98 |
Really, I don't know what cause there was to complain about that site. | ||
Skipp Member Username: Skipp Post Number: 89 Registered: 06-2005 Posted From: 68.43.105.124 |
I would hope to god they would advertise the hell out of them. Why wouldn't you? | ||
Eric Member Username: Eric Post Number: 529 Registered: 11-2004 Posted From: 69.246.29.185 |
You are such a negative, fucking prick. Every Starwood Residence property has a website so why would Detroit's be any different? But the answer couldn't be that simple could it? Because it wouldn't give you reason to bitch and hate on Detroit. http://www.starwoodhotels.com/ interests/interest_home.html?c ategory=RESIDENCES (Message edited by eric on August 21, 2006) | ||
Pffft Member Username: Pffft Post Number: 1077 Registered: 12-2003 Posted From: 68.248.9.131 |
There are huge ads like this EVERY DAY in the Wall Street Journal, advertising luxury condos/apartments in New York, Miami, etc. Nobody bitches "oh, they must be desperately trying to get rid of those penthouses." DUH. | ||
Skipp Member Username: Skipp Post Number: 90 Registered: 06-2005 Posted From: 68.43.105.124 |
How expensive do you guys think these suckers are going to be? | ||
Milwaukee Member Username: Milwaukee Post Number: 42 Registered: 08-2006 Posted From: 69.95.233.22 |
I love the idea, but is there this scale of demand for luxury apartments in Detroit? Great building, but a sort of dead feeling, unattractive area | ||
Chitaku Member Username: Chitaku Post Number: 666 Registered: 03-2006 Posted From: 69.136.147.97 |
Ok so with my wages I could probably do a 1 bedroom with 5 people, anyone down>? | ||
Lmichigan Member Username: Lmichigan Post Number: 4206 Registered: 10-2003 Posted From: 67.177.81.18 |
I'm getting on the bashing bandwagon against Yard. I've seen far more blatant and desparate advertising. This is tame and appropriate by far. Milwaukee, this is primarily a hotel project. Only 67 units, and along the upper floors, will be residential condominiums. The majority of the structure is being renovated as a 455-room Westin hotel. It's not as if the entire hotel is being sold as residential. This is actually one of the smaller residential developments of downtown. | ||
Milwaukee Member Username: Milwaukee Post Number: 43 Registered: 08-2006 Posted From: 69.95.233.22 |
I see that now, I thought is was going to be 500 apartments in the building. I still like the idea alot. Detroit is lucky to have this great stock of buildings to develop. I'm also glad to hear that Westin is doing the project, they seem like they will preserve the building while redeveloping it | ||
Chitaku Member Username: Chitaku Post Number: 668 Registered: 03-2006 Posted From: 69.136.147.97 |
455 rooms is still alot of rooms, how many people do you think stay downtown on a daily basis? | ||
Lmichigan Member Username: Lmichigan Post Number: 4207 Registered: 10-2003 Posted From: 67.177.81.18 |
Westin would not be sticking their name to this if they thought there wasn't the demand. Obviously those that study the hotel market predict some sizable growth of the market. | ||
Motorcitymayor2026 Member Username: Motorcitymayor2026 Post Number: 1163 Registered: 10-2005 Posted From: 24.231.189.137 |
average occupancy downtown is about 57% percent right now, with about 2500 rooms availble... its a chicken or egg deal though in this situation | ||
Milwaukee Member Username: Milwaukee Post Number: 44 Registered: 08-2006 Posted From: 69.95.233.22 |
I'm sure General Motor's attracts alot of business travelers downtown, compuware, and a number of other companies. I don't think it's purpose is that of a vacationers hotel, it's more of business hotel | ||
Johnnny5 Member Username: Johnnny5 Post Number: 341 Registered: 06-2005 Posted From: 71.227.95.4 |
A friend on mine works for the Westin and is considering purchasing one of these units. He said it was right around $275,000, but I do not know if that was a starting price or the particular unit he was interested in. Sounds like a great setup! (Message edited by Johnnny5 on August 21, 2006) | ||
Apbest Member Username: Apbest Post Number: 164 Registered: 03-2006 Posted From: 68.40.65.66 |
Motorcitymayor2026...chicken and the egg is sorta a logical metaphor..however the way the hotel market works in a downtown area like this is by creating more hotel rooms you can stimulate the market. THe article regarding the hotel boom from earlier the year addresses this from an expert perspective, something I am not | ||
Ddmoore54 Member Username: Ddmoore54 Post Number: 307 Registered: 07-2004 Posted From: 69.242.213.242 |
I'm really curious about the logistics of living in a hotel. I wonder if there are seperate entrances and elevators, etc. I would feel silly standing there holding my groceries while other people are trying to stay at a nice hotel. I wonder if you have to do the 24 hr valet like at Merchant's Row. | ||
Ddmoore54 Member Username: Ddmoore54 Post Number: 308 Registered: 07-2004 Posted From: 69.242.213.242 |
Also, what's the deal with 1001 Woodward? | ||
Motorcitymayor2026 Member Username: Motorcitymayor2026 Post Number: 1166 Registered: 10-2005 Posted From: 24.231.189.137 |
Correct. I meant the chicken/egga metaphor more regarding luring conventions/events. Do the events come before the rooms, or once the rooms arrive? Obviously here, Detroit is banking on a little bit of both, having been able to land the major events, but are relying on an expanded hotel market to create that atmosphere 24/7 | ||
Lmichigan Member Username: Lmichigan Post Number: 4209 Registered: 10-2003 Posted From: 67.177.81.18 |
Another thing being missed here is that in order for Cobo to ever expand, more and centralized hotel rooms need to be created. So, hopefully, the new glut of hotel rooms will push the Cobo expansion just that much closer to reality, thus attracting larger conventions to justify the hotel glut. | ||
Motorcitymayor2026 Member Username: Motorcitymayor2026 Post Number: 1167 Registered: 10-2005 Posted From: 24.231.189.137 |
right, and also the possible new arena could clear the way for the Cobo expansion, if in fact they are looking at adding on where the JLA currently sits | ||
Detroit313 Member Username: Detroit313 Post Number: 178 Registered: 02-2006 Posted From: 12.45.2.184 |
Wow the Book looks so grand. It's a shame the Hilton was torn down. Washington Blvd is sure shaping up to be Detroit's showcase street........again. 313 | ||
Jt1 Member Username: Jt1 Post Number: 7768 Registered: 10-2003 Posted From: 4.229.99.223 |
There is a little sign on woodward out front (moveable sign) beyond that your guess is as good as mine. The developer has struggled setting price point since there are no comps to compare it against. | ||
Milwaukee Member Username: Milwaukee Post Number: 45 Registered: 08-2006 Posted From: 69.95.236.247 |
This sounds dumb but what is the name of Detroit's convention center and where is it? | ||
Sharmaal Member Username: Sharmaal Post Number: 906 Registered: 09-2004 Posted From: 68.60.139.244 |
Google "Detroit's Convention Center". Have you heard of Google? | ||
Lmichigan Member Username: Lmichigan Post Number: 4210 Registered: 10-2003 Posted From: 67.177.81.18 |
Or wikipedia or ANY kind of basic search? | ||
Eric Member Username: Eric Post Number: 531 Registered: 11-2004 Posted From: 69.246.29.185 |
Cobo Center is Detroit convention center http://cobocenter.com/index.ph p http://maps.google.com/maps?q= Detroit,+MI&ie=UTF8&ll=42.3267 76,-83.049506&spn=0.003847,0.0 10729&t=h&om=1 Cobo could even expand the if the Wings don't move Cobo Arena could be demo'd. I'd like to see both gone for expanded covention space | ||
Dalangdon Member Username: Dalangdon Post Number: 49 Registered: 03-2006 Posted From: 67.171.17.254 |
I was in New York in May, and stayed right next door to the old Plaza Hotel, which is being converted to luxury condos, starting at 2.5 million dollars. They had signs all over it advising people that it was becoming a condo building, and directing people to their website. (http://www.theplazaresidences. com/) The Plaza project is one of the most sought-after projects in New York. If they can "degrade" the Plaza to the "puffery of a marketing job", I think the Cadillac can endure it as well. As far are occupancy rates go: What's more important is what the occupancy rate is on upscale commercial hotels. If the 57% is drawn mostly from lower end properties (Best Westerns, Hampton Inns, etc,) that doesn't reflect the demand for the kind of hotel that Westins are. Besides, Starwood is one of the largest providers of hotel accomodations in the world now, and has a huge marketing infrastructure. They can fill that property on Corporate contracts and leisure travel alone, if need be. What's interesting to me is that they are investing in two hotels in downtown Detroit (the Sheraton Ponchatrain and Westin Book-Cadillac) so they obviously see a market there. They don't go anywhere where they don't see a market. Starwood ain't no charity operation. | ||
Lmichigan Member Username: Lmichigan Post Number: 4211 Registered: 10-2003 Posted From: 67.177.81.18 |
Sure isn't. And, it's not like this is their first rodeo in downtown Detroit. Not too long ago they operated the hotel at the RenCen (now Marriott). | ||
Gistok Member Username: Gistok Post Number: 2676 Registered: 08-2004 Posted From: 4.229.72.38 |
When Westin ran the RenCen hotel, it had 1,404 rooms. So they took a big hit in the Detroit market when Marriott got the RenCen hotel deal from GM. Having 2 hotels with nearly 900 rooms will help them try to get back to where they were in downtown. | ||
Lmichigan Member Username: Lmichigan Post Number: 4212 Registered: 10-2003 Posted From: 67.177.81.18 |
What was GM's reasoning behind dropping Westin? I've been trying to figure that out, and can't. Were they hoping Marriott could bring them a higher occupancy (i.e. more money)? I'm not too familiar the success or failures of particular hotel chains. | ||
Dalangdon Member Username: Dalangdon Post Number: 50 Registered: 03-2006 Posted From: 67.171.17.254 |
I've heard that it was because one of the Marriott family is on the board of GM, but I don't know if that's true. It could have been part of the shake up when Westin was absorbed into Starwood. The whole philosophy, image, and service standards changed dramatically. It went from a smallish upscale chain to a niche in the very Sheraton-centric Starwood corporation. (I worked for Sheraton during the merger, and had worked for Westin corporate prior to that. It was quite an interesting time for everyone involved) It could be that the Ren Center was just too big. Generally speaking, and with a few notable exceptions (such as the Seattle Westin, which was the former flagship), Westins are tending to be smaller these days. Also, I know there were operational and infrastructure problems with the building itself. Maybe that had something to do with it. | ||
Cman710 Member Username: Cman710 Post Number: 2 Registered: 07-2006 Posted From: 24.168.46.20 |
I recently stayed at the Westin at Detroit-Wayne Airport, and it was really nice. The "Heavenly" beds were just that, and the decor was upscale and modern. For an airport hotel, it was quite nice. If Westin does as good a job with the Book-Cadillac, I think most people will be happy. | ||
Supersport Member Username: Supersport Post Number: 10507 Registered: 10-2003 Posted From: 69.246.37.236 |
Hey, slow down! I want on this Livernoisyard bashing bandwagon too. | ||
Itsjeff Member Username: Itsjeff Post Number: 6667 Registered: 10-2003 Posted From: 69.136.149.133 |
I've heard that it was because one of the Marriott family is on the board of GM Ding Ding Ding Ding Ding! J.W. Marriott is on the Board of Directors. | ||
Cmubryan Member Username: Cmubryan Post Number: 290 Registered: 11-2003 Posted From: 205.188.116.137 |
When Westin ran the Ren Cen hotel it was not part of Starwood. It was somewhat of a different company with less standards than you see today. When Starwood took over Westin they made Westin one of their top of the line brands, upgrading most Westins to what you see today (high quality, four star, contemporary hotels) | ||
E_hemingway Member Username: E_hemingway Post Number: 897 Registered: 11-2004 Posted From: 69.242.215.8 |
Wait. Did I hear something about a beatdown bandwagon and Livernoisyard? Where should I swing my bat? | ||
Quinn Member Username: Quinn Post Number: 894 Registered: 01-2005 Posted From: 64.139.64.80 |
Livernoisyard, that first post of your's is THE DUMBEST, bitch-festiest thing I've ever heard. Are you fuc*ing kidding? Take a look at trumps luxury residence/hotel propaganda...everybody does this...and needs to. | ||
Supersport Member Username: Supersport Post Number: 10510 Registered: 10-2003 Posted From: 64.118.137.228 |
I find myself in agreement with Quinn....that's fucked up. | ||
Jdkeepsmiling Member Username: Jdkeepsmiling Post Number: 119 Registered: 01-2006 Posted From: 208.50.91.234 |
I don't think I have even seen so many agree that someone was so wrong...this is a historic occasion. | ||
Dalangdon Member Username: Dalangdon Post Number: 51 Registered: 03-2006 Posted From: 66.54.213.11 |
Ddmoore54, generally there is a separate entrance and elevators to the condo area of the hotel, but usually the people who live in these things don't buy their own groceries. ;-) The advantage of a condo in a hotel is that you get housekeeping, valet, access to health club facilities, and Room Service if you are entertaining, or just hungry. Many condos are purchased by companies for visiting execs or to house people temporarily while they relocate. And I feel I should stick up just a bit for the "old" Westin: It's always been a class act, operating such venerable old houses as the William Penn in Pittsburgh, the St. Francis in San Francisco, and the Olympic in Seattle. It also ran both the Algonquin and the Plaza in NYC at various times. It was at one time part of United Airlines (back when UAL was classy)and was known for architecturally distinct newer properties as well. Since most of Starwood's upper management came over from Westin during the merger, Starwood's culture is heavily influenced by Westin's heritage. Sorry if that got a bit wonkish. I spent too many years in the business.... | ||
Hysteria Member Username: Hysteria Post Number: 1201 Registered: 02-2006 Posted From: 216.223.168.132 |
Dalangdon, shoot me an email please. Hysteria365 at yahoo.com Thanks | ||
Sknutson Member Username: Sknutson Post Number: 677 Registered: 03-2004 Posted From: 67.114.23.202 |
I'll jump in on the LYard bashing. Here in SF (where nobody wants to live, of course) they STILL have a website hawking the Four Seasons Residences - even though they are all sold out. These type of properties all over the country are marketed this way. http://www.millenniumptrs.com/ sf/condos.cfm | ||
Motorcitymayor2026 Member Username: Motorcitymayor2026 Post Number: 1170 Registered: 10-2005 Posted From: 24.231.189.137 |
LY always needs something to bitch about... | ||
Detroitej72 Member Username: Detroitej72 Post Number: 142 Registered: 05-2006 Posted From: 66.184.3.44 |
The flogging of l-yard has begun... Step right up and take a swing... | ||
Livernoisyard Member Username: Livernoisyard Post Number: 1310 Registered: 10-2004 Posted From: 69.242.223.42 |
BC condos ==> Ford Pintos with Firestone 500s | ||
Gistok Member Username: Gistok Post Number: 2685 Registered: 08-2004 Posted From: 4.229.105.35 |
With the Book Cadillac having condos up to floor up to 34, the Broderick Tower having condos up to floor 33, and the Book Tower with condos up to floor 36, there will be some really cool high end living space downtown with world class vistas! | ||
Oliverdouglas Member Username: Oliverdouglas Post Number: 46 Registered: 02-2006 Posted From: 69.215.242.247 |
LY: How can you possibly make the comparison to a Pinto w/ Firestone 500's? Nobody knows what these condos will be like (at least not on this forum) yet. The possibilities are exciting, though, admittedly the execution will have to wait for judgement. | ||
Lmichigan Member Username: Lmichigan Post Number: 4215 Registered: 10-2003 Posted From: 67.177.81.18 |
Ignore him. He just doesn't stop. | ||
Burnsie Member Username: Burnsie Post Number: 568 Registered: 11-2003 Posted From: 35.12.24.83 |
Gistok-- I doubt the B-C will have any condo space past the 29th floor. Various sources have indicated that the floors above that point are suitable for mechanical / utility use only. | ||
Lmichigan Member Username: Lmichigan Post Number: 4216 Registered: 10-2003 Posted From: 67.177.81.18 |
Yeah, the floors above that are the mechanical penthouse/elevator towers floors, which were once counted to try and make it look more impressive, in the same way sitting rooms and such were counted in the original count of the B-C's room to make it seem more impressive. The same thing happened when the old theaters open when they'd count all kinds of seats (toilets, standing room, lobby chairs...) to try and boost the seating capacity number. | ||
Livernoisyard Member Username: Livernoisyard Post Number: 1311 Registered: 10-2004 Posted From: 69.242.223.42 |
So, there's enough pent-up demand for condos in the CBT? Maybe so, but again I remember all the hype about the BC having its public facilities being mostly up and operational by Nov or Dec 2005, with its private residences proceeding at a slightly slower rate. Hell, that hype was way over three years ago and yet there's so little progress. I had hoped it would succeed--then, but not now. Personally, I really don't care, but it seems to be such a loser, like another Lee Plaza or the MCT. This project seems to be the polar opposite of Occam's Razor, but instead a Rube Goldberg. The BC's project planning appears to be so loosely glued together that a slight hiccup with its funding, construction, or the housing economy could doom its existence--again. Then there's the condos: How much, what kind of condo-owners association, how much and who will pay for any needed repairs and upkeep and how will any overruns in its construction be financed? The promoters aren't going to be able to hit the taxpayers for anything more. Can the condo owners trust any management there, knowing how Detroit is run now or in the past? What happens if the CBT doesn't take off as planned, and instead it's just a "rob Peter to pay Paul" musical-chairs dance if there's any expected over capacity or vacancies in general downtown? Remember Visteon's overly ambitious plans just a few months ago? Compuware has seen rosier days, etc. Did I mention that Ford now wants to buy out every UAW worker it's stuck with. Does it have the funds to pull that off? These and a lot more questions are all tightly intertwined in a down economy like SE Michigan's that cannot afford any more boondoggles in the public or private sectors in Metro Detroit. The BC is like a woman going to the beauty parlor and buying/renting "hope." | ||
Oliverdouglas Member Username: Oliverdouglas Post Number: 48 Registered: 02-2006 Posted From: 69.215.242.247 |
LY: Move. | ||
Hamtramck_steve Member Username: Hamtramck_steve Post Number: 3201 Registered: 10-2003 Posted From: 68.248.42.207 |
"CBT" I don't think you mean to put these 3 letters together in this context. Another context, maybe, perhaps Detroit Connections, but definitely not here. | ||
Lmichigan Member Username: Lmichigan Post Number: 4217 Registered: 10-2003 Posted From: 67.177.81.18 |
Explain... | ||
Hamtramck_steve Member Username: Hamtramck_steve Post Number: 3202 Registered: 10-2003 Posted From: 68.248.42.207 |
He's refering to the Central Business District, abbreviated CBD, but he's typing CBT. | ||
Psip Member Username: Psip Post Number: 1128 Registered: 04-2005 Posted From: 68.60.45.70 |
LY, a friendly word of advice. Stay at Detroit's 2nd Train Terminal and OCF, don't wander off the reservation.  | ||
Lmichigan Member Username: Lmichigan Post Number: 4219 Registered: 10-2003 Posted From: 67.177.81.18 |
Oh, I thought it was a play on acronyms, and I was going to find out that CBT stood for something offensive, characteristic of LY. I guess my witch hunt has ended. lol | ||
Hamtramck_steve Member Username: Hamtramck_steve Post Number: 3203 Registered: 10-2003 Posted From: 68.248.42.207 |
Now, why would you think CBT stood for something "offensive", which is sooooo subjective? | ||
Lmichigan Member Username: Lmichigan Post Number: 4220 Registered: 10-2003 Posted From: 67.177.81.18 |
Because it was said by LY. Duh. | ||
Erikd Member Username: Erikd Post Number: 706 Registered: 10-2003 Posted From: 69.242.214.106 |
??? That statement makes no sense at all. Lee Plaza and the MCS are vacant buildings with no real plans to be developed. The BC has been financed, and is now under construction. I don't see what the current status of The MCS and Lee Plaza has anything to do with the BC project. | ||
Eric_c Member Username: Eric_c Post Number: 830 Registered: 11-2003 Posted From: 68.252.132.197 |
Actually, the very fact that we have such a "loosely glued together" project in this economy is downright short of amazing. For the last few years, my thought has been that if Detroit's Downtown is this capable of redeveloping itself in a poor economy, it can only be poised for phenomenal growth when the region ultimately rebounds. As Downtown strengthens and becomes more desireable, so will the neighborhoods. As a homeowner in an already great near-East Side neighborhood, I have to say: I'm excited (and hopeful) as all get out. | ||
Burnsie Member Username: Burnsie Post Number: 591 Registered: 11-2003 Posted From: 35.8.219.42 |
Can anyone give an update as to what the B-C construction activity is like lately? | ||
Jz_detroit Member Username: Jz_detroit Post Number: 13 Registered: 12-2005 Posted From: 12.165.188.130 |
I saw lights lit inside the last time I drove by. It also looks like the exterior is being cleaned up very well. Anyone have any pictures? | ||
Digitaldom Member Username: Digitaldom Post Number: 509 Registered: 08-2004 Posted From: 24.192.148.150 |
CBT - Computer Based Training.. Yes it is an offense word.. lol.. | ||
Hamtramck_steve Member Username: Hamtramck_steve Post Number: 3219 Registered: 10-2003 Posted From: 68.73.201.226 |
I can't believe there aren't more freaks who know what else CBT could stand for. | ||
Digitaldom Member Username: Digitaldom Post Number: 511 Registered: 08-2004 Posted From: 24.192.148.150 |
lol.. That's what came to mind.. | ||
Fnemecek Member Username: Fnemecek Post Number: 1868 Registered: 12-2004 Posted From: 68.255.241.32 |
Yes, the Chicago Board of Trade is quite freaky. (Message edited by fnemecek on August 28, 2006) | ||
Motorcitymayor2026 Member Username: Motorcitymayor2026 Post Number: 1197 Registered: 10-2005 Posted From: 35.11.212.197 |
how about: cognitive-behavioral therapy | ||
Fnemecek Member Username: Fnemecek Post Number: 1870 Registered: 12-2004 Posted From: 68.255.241.32 |
Now that's really freaky. | ||
Rustic Member Username: Rustic Post Number: 2764 Registered: 10-2003 Posted From: 71.234.183.131 |
cbt (Message edited by rustic on August 28, 2006) | ||
Motorcitymayor2026 Member Username: Motorcitymayor2026 Post Number: 1198 Registered: 10-2005 Posted From: 35.11.212.197 |
whoaa | ||
Rustic Member Username: Rustic Post Number: 2765 Registered: 10-2003 Posted From: 71.234.183.131 |
^^^ oops forgot there were kiddies on this site | ||
Dialh4hipster Member Username: Dialh4hipster Post Number: 1759 Registered: 11-2004 Posted From: 68.61.187.234 |
OK, I don't need to click on that link to know that's decidedly NSFW. | ||
Rustic Member Username: Rustic Post Number: 2766 Registered: 10-2003 Posted From: 71.234.183.131 |
waddaya talkin about ... it is all cleaned up ... | ||
Motorcitymayor2026 Member Username: Motorcitymayor2026 Post Number: 1199 Registered: 10-2005 Posted From: 35.11.212.197 |
not a kiddie, rustic, but unlike you i dont usually check out those sites! | ||
Thnk2mch Member Username: Thnk2mch Post Number: 310 Registered: 02-2006 Posted From: 71.65.11.152 |
Thanks Rustic, you just got me grounded. | ||
Fnemecek Member Username: Fnemecek Post Number: 1871 Registered: 12-2004 Posted From: 68.255.241.32 |
Okay - so we started talking about the B-C and we ended up talking about cock & ball torture. Is it just me or does it seem like there's something really wrong with us? | ||
Hysteria Member Username: Hysteria Post Number: 1232 Registered: 02-2006 Posted From: 205.188.116.137 |
MCM2026:
LOL | ||
Hamtramck_steve Member Username: Hamtramck_steve Post Number: 3221 Registered: 10-2003 Posted From: 68.73.201.226 |
Frank, I don't think it's "all of us" who have a problem. LivernoisYard brought the subject up. Blame him. | ||
Gistok Member Username: Gistok Post Number: 2713 Registered: 08-2004 Posted From: 4.229.81.223 |
See folks, acronyms will get you in trouble every time! I remember prior to the 1990 merger of University of Detroit with Mercy College of Detroit, the Nuns and Jesuits were trying to come up with a new for the combined school (which became University of Detroit Mercy). At a meeting one of the Nuns came up with "Catholic University of Michigan".... until one of the professors whispered the school name acronym into her ear, and she turned beet red, and retracted her choice. | ||
Jasoncw Member Username: Jasoncw Post Number: 212 Registered: 07-2005 Posted From: 67.149.141.170 |
That sounds like the theme of a bad porno. All of the catholic school girls at CUM university. | ||
Pdtpuck Member Username: Pdtpuck Post Number: 194 Registered: 01-2006 Posted From: 208.251.168.194 |
I swear this is all I have to say about that: CBT can mean: Classic BattleTech, a science-fiction universe Cincinnati Bell Telephone, the dominant telephone company for Cincinnati, Ohio, and its nearby suburbs in Ohio, Indiana and Kentucky Cock and ball torture, a sexual activity involving torture of the male genitals. Cognitive behaviour therapy, a kind of psychotherapy used to treat depression, anxiety disorders, phobias and other forms of mental disorder Complete binary tree, a type of binary tree in computer science Compulsory Basic Training, a basic training course for motorcyclists in the United Kingdom Computer-based testing, a method of administering tests electronically using a computer or an equivalent electronic device Computer-based training, a type of education in which the student learns by executing special training programs on a computer Core-based trees, a proposal for making IP Multicast scalable by constructing a tree of routers Commonwealth Bank Trophy, the elite national competitition in Australian netball Confederação Brasileira de Tênis (Brazilian Tennis Confederation), the governing body of tennis in Brazil from wikipedia or, more towards LY's taste, Cadillac-Book trashing you guys are too much! | ||
Rhymeswithrawk Member Username: Rhymeswithrawk Post Number: 14 Registered: 11-2005 Posted From: 69.246.45.147 |
Not sure if this has been mentioned, but as far as occupancy goes, remember that all the major baseball teams used to stay at the Book-Cadillac. Babe Ruth, Lou Gehrig, Mickey Mantle, Ted Williams, et al all stayed there. Perhaps the visiting teams in town to face the Tigers and Lions might start staying downtown again if there's a nice enough place. Granted, it's a stretch. Although I know SOME MLB teams stay at the Atheneaum or however you spell it. | ||
Fnemecek Member Username: Fnemecek Post Number: 1872 Registered: 12-2004 Posted From: 68.255.247.0 |
Okay - I will. LivernoisYard! You are such a perv! | ||
Fnemecek Member Username: Fnemecek Post Number: 1873 Registered: 12-2004 Posted From: 68.255.247.0 |
Sports teams staying at the B-C? When it's so close where they're playing? But, but... That can't be true. Just look at all of the people around town who said that there's no market for a hotel like the B-C in Detroit. Surely they can't be wrong. | ||
Mrjoshua Member Username: Mrjoshua Post Number: 883 Registered: 03-2005 Posted From: 193.32.3.83 |
Why is it that the creators of these sites always feature cheesey modern furniture and stupid photos of martinis? If I buy a place there it's going to look like Masterpiece Theatre. And yes, I will walk around in a silk robe. | ||
Fnemecek Member Username: Fnemecek Post Number: 1874 Registered: 12-2004 Posted From: 68.255.247.0 |
But will you have a martini when you're walking around in your silk robe? | ||
Deandub11 Member Username: Deandub11 Post Number: 52 Registered: 05-2006 Posted From: 69.209.197.177 |
Unfortunately im not in Detroit right now. Can anyone share some pics of the place? Are there any noticeable changes? | ||
Hardhat Member Username: Hardhat Post Number: 167 Registered: 10-2003 Posted From: 75.10.4.51 |
These shots are from last week. Not much has changed since.   | ||
Detroitstar Member Username: Detroitstar Post Number: 148 Registered: 01-2006 Posted From: 67.185.177.235 |
First thing I would like to see is new windows. For someone that cannot see the day to day work going on inside the building, this would be just about as exciting as anything else. | ||
Ndavies Member Username: Ndavies Post Number: 2136 Registered: 10-2003 Posted From: 70.236.165.94 |
You won't see new windows, If they are using historic tax credits. Windows are one of the things the SHPO is very adamant about keeping. | ||
Detroitstar Member Username: Detroitstar Post Number: 149 Registered: 01-2006 Posted From: 67.185.177.235 |
Not so much new windows...I meant new glass. A building looks much better without random holes in the glass. | ||
Burnsie Member Username: Burnsie Post Number: 596 Registered: 11-2003 Posted From: 35.12.21.53 |
Uh...I think it's allowed for the developer to put completely new windows in, as long as they look the same as the old ones. As for the arched windows on the fourth floor, those were bastardized in old "renovations" and don't match the originals, which had extensive (cast iron?) ornament. | ||
Lmichigan Member Username: Lmichigan Post Number: 4290 Registered: 10-2003 Posted From: 67.177.81.18 |
Windows would be one of the very last things to replace, wouldn't they? It's much harder to work around windows, and there is still much more to do. | ||
Dalangdon Member Username: Dalangdon Post Number: 58 Registered: 03-2006 Posted From: 67.171.17.254 |
When they redid the Olympic here in Seattle they had to keep the original windows - but the hotel had been in continuous operation through the years, so the windows had been somewhat maintained. Later, because they were so very, very, very inefficient and not at all soundproof, the owners got a waiver to replace the windows with new ones, but they did have to approximate the original look. | ||
Hysteria Member Username: Hysteria Post Number: 1236 Registered: 02-2006 Posted From: 205.188.116.137 |
I doubt anything will be overlooked before the new BC opens - least of all - WINDOWS!!! | ||
Motorcitymayor2026 Member Username: Motorcitymayor2026 Post Number: 1208 Registered: 10-2005 Posted From: 35.11.212.197 |
ya never know.... we're still in Detroit! | ||
Hysteria Member Username: Hysteria Post Number: 1237 Registered: 02-2006 Posted From: 205.188.116.137 |
I'll stay there even if there are shitty windows!!! | ||
Motorcitymayor2026 Member Username: Motorcitymayor2026 Post Number: 1210 Registered: 10-2005 Posted From: 35.11.212.197 |
as would i... Hysteria, its about time u make the move to Michigan and Detroit... | ||
Hysteria Member Username: Hysteria Post Number: 1238 Registered: 02-2006 Posted From: 205.188.116.137 |
Check your email, Motor. | ||
Bvos Member Username: Bvos Post Number: 1912 Registered: 10-2003 Posted From: 70.228.57.79 |
From the pics above, it's amazing what a bath will do to a building. The BC is looking a million times better now that she's had an exfoliation! | ||
Motorcitymayor2026 Member Username: Motorcitymayor2026 Post Number: 1211 Registered: 10-2005 Posted From: 35.11.212.197 |
the hotfudge boys know my email these days, but do you?? | ||
Hysteria Member Username: Hysteria Post Number: 1239 Registered: 02-2006 Posted From: 152.163.100.8 |
Has it changed, Motor? So, if it has email me: Hysteria365 at yahoo.com | ||
Motorcitymayor2026 Member Username: Motorcitymayor2026 Post Number: 1212 Registered: 10-2005 Posted From: 35.11.212.197 |
ahh, i got it....it just arrived a little later... youve got one coming back... | ||
Mallory Member Username: Mallory Post Number: 55 Registered: 05-2006 Posted From: 207.230.140.240 |
Are we sure that the cherry picker and the guy in it is not just a statue or something to make us THINK they're working on it? Looks like he's in the same place as the pics posted weeks ago. Hmmm... | ||
A2adguy Member Username: A2adguy Post Number: 1 Registered: 08-2006 Posted From: 69.137.220.195 |
Hey all here's the deal, prices starting at $300K to upwards of $1 million, sq footage of 975- 3000sq ft. 67 units occupying the 24th-29th floors with units above the 29th but with entrances on the 29th. Some of these things will be three stories high with front and rear staircases. Renaissance zone tax abatement, thats right people no State income tax for 7-8 years. Access to all Westin ammenities. I was on the ULI walking tour last night the place is gutted, pumping out the third thats right third basement something like 1 million cubic feet of water down there. If you are interested go to www.thewestinbookcadillacdetro itresidences.com sign up to recieve more info, the general public release date is early December. But I am sure that if you wanted to reserve something for yourself before that they would let you. | ||
Wilus1mj Member Username: Wilus1mj Post Number: 114 Registered: 05-2005 Posted From: 216.111.89.3 |
It's no property tax right...not income tax. | ||
Ndavies Member Username: Ndavies Post Number: 2157 Registered: 10-2003 Posted From: 129.9.163.233 |
It's a Renaissance zone, It's no state income tax. The property tax break is the neighborhood enterprise zone. It should have both. | ||
Amy_p Member Username: Amy_p Post Number: 709 Registered: 10-2003 Posted From: 198.208.251.21 |
It does have both. Is there a dolt formula to estimate how much that is in dollars for a given situation? <----MathDolt | ||
Ndavies Member Username: Ndavies Post Number: 2159 Registered: 10-2003 Posted From: 129.9.163.106 |
The NEZ benefits will depend on the amount they fix the pre-rehab purchase price at. I would guess the break to be in the 90-95% range. As for the state income tax break, Look at your paycheck stub. The discount would be the amount you pay in state income tax. About 4% of your income. So about $4000 if your gross adjusted income is $100K. (It would actually be about 30%less than that, if you itemize on your federal return. Your state tax is deductible on the FED taxes if you itemize.) They will be paying virtually no state income or property taxes, if they list these as their primary home. | ||
Elwoodp Member Username: Elwoodp Post Number: 5 Registered: 03-2006 Posted From: 208.13.71.18 |
Received following email from Esquire today: Due to the incredible demand for the residences, Esquire Properties (www.EsquireSales.com) will offer a one-day, pre-grand opening opportunity for buyers to purchase a residence at the Book-Cadillac. The event will take place at the Detroit Athletic Club on Saturday, October 14, 2006 at 11:00 AM. This selection phase will allow you to choose a condominium before the grand opening selling period on December 2, 2006, as well as entitle you to our best pre-release pricing. Residences will start from $280,000 during this period. We anticipate opening a Welcome Center in December with prices starting at $320,000. All deposits (5% of purchase price) will be held in escrow with our title company. | ||
Hamtramck_steve Member Username: Hamtramck_steve Post Number: 3272 Registered: 10-2003 Posted From: 136.181.195.17 |
Along with the other two tax programs talked about here, the company is listing historic tax credits as available to purchasers. | ||
Titancub Member Username: Titancub Post Number: 14 Registered: 08-2006 Posted From: 69.134.218.45 |
Traditionally for a historic prop the developer will get 35% of the renovation costs as tax credits - 20% from Federal, 15% from State. Undoubtedly this is a component that is letting this project make sense financially. Often times also the developer will get a couple thousand dollars for each new job created as a result of the project. | ||
Hamtramck_steve Member Username: Hamtramck_steve Post Number: 3275 Registered: 10-2003 Posted From: 68.252.133.23 |
That's 35% of the eligible costs, which may be smaller than the total renovation costs. At any rate, I don't recall reading about these being passed directly on to the purchasers in other projects. | ||
Lmichigan Member Username: Lmichigan Post Number: 4429 Registered: 10-2003 Posted From: 67.177.81.18 |
Hey, I know Ferchill is the developer of this project, but who the heck are the general contractor and renovation architect? I haven't heard the names of ANY of the other companies working on this project. | ||
Titancub Member Username: Titancub Post Number: 15 Registered: 08-2006 Posted From: 69.134.218.45 |
Found this on the breakdown of financing. The historic tax credits Ferchill will keep, but other credits may be available to the condo buyers outside of whats mentioned below. You can see the importance of the historic credits in this deal. Should be exciting when the doors open. "Of the $176-million price tag, $160 million will pay for the hotel itself, and the remainder will pay for the upper-floor condominiums. Among the main pieces of the financing, the project will have a $50-million bank mortgage arranged by Fifth Third Bank; a federal HUD (Housing and Urban Development) loan of $18 million; about $11 million in Downtown Development Authority grants that mostly will pay for interior cleanup of the hotel; more than $60 million in historic-renovation and brownfield tax credits that will be sold to investors, and about $12 million in equity investment that most likely will involve carpenters union pension funds. Several other sources make up the balance." | ||
Hamtramck_steve Member Username: Hamtramck_steve Post Number: 3276 Registered: 10-2003 Posted From: 68.252.133.23 |
Titancub, this was in the email sent out by the company... "All residences qualify for three tax incentives upon purchase. First, the Neighborhood Enterprise Zone is a property tax abatement that drastically reduces a buyer’s property taxes on a residence for twelve years. The second incentive is the Book-Cadillac’s location in a State of Michigan Renaissance Zone, which eliminates city of Detroit and State of Michigan income taxes for buyers until 2015. Finally, a one-time historic tax credit will be transferred to the buyer at closing for use on personal income tax returns. The value of this credit is determined by the size of the unit purchased." |
