Burnsie Member Username: Burnsie
Post Number: 697 Registered: 11-2003
| Posted on Thursday, October 19, 2006 - 10:49 am: | |
I and a couple of other people have asked about this in the past few months and not gotten any replies. Maybe there's a news blackout, but someone must know (and probably doesn't check this board) what's up with the lack of redevelopment activity at the Argonaut Building. After some dumpster shuffling and skywalk removal activity in the summer of '05, practically nothing visible from the outside has happened there. Did the deal fall through? |
Aiw
Member Username: Aiw
Post Number: 5913 Registered: 10-2003
| Posted on Thursday, October 19, 2006 - 11:31 am: | |
Have you seen the economy? |
Burnsie Member Username: Burnsie
Post Number: 698 Registered: 11-2003
| Posted on Thursday, October 19, 2006 - 12:04 pm: | |
Can't anything be posted on here without a smartass comment in return? |
Viziondetroit Member Username: Viziondetroit
Post Number: 846 Registered: 11-2003
| Posted on Thursday, October 19, 2006 - 12:07 pm: | |
Burnsie... nope. Some people just have to be the resident ass. |
Ndavies Member Username: Ndavies
Post Number: 2257 Registered: 10-2003
| Posted on Thursday, October 19, 2006 - 12:09 pm: | |
Sorry I didn't think that was a smartass comment. I thought it was reality. I was going to post the same thing. |
Chub Member Username: Chub
Post Number: 412 Registered: 11-2003
| Posted on Thursday, October 19, 2006 - 12:13 pm: | |
But most people don't like reality here. It's just no fun I'm told. Sorry, I don't have any info on the Argonaut. |
Aiw
Member Username: Aiw
Post Number: 5914 Registered: 10-2003
| Posted on Thursday, October 19, 2006 - 12:21 pm: | |
How is reality smart assed? It seems pretty obvious to me, with a little use of one's own common sense, as to why the project hasn't moved forward. Have a fucking look around. Take a drive and look at all the closed factories and listen to the sound of jobs leaving the metro area. The argonaut building is fucking enormous, and the current economic situation is the metro area doesn't really lend itself to the outlay of cash a develloper would have to front to get a million + sq. feet of space converted towards residential use. Even buildings that are far more feasible for rehab/conversion seem stalled. How about the Lafayette Building? There is just currently no catalyst to require expedious work of that project. I'm just speculating, but I bet the project has been mothballed/shelved for the time being. |
Burnsie Member Username: Burnsie
Post Number: 699 Registered: 11-2003
| Posted on Thursday, October 19, 2006 - 7:38 pm: | |
Aiw-- Yes, I've had a "fucking look around." Maybe it did fall through because of the economy. But it would be nice to have some authoritative word from someone and not just total assumption. "I'm just speculating"-- Yes, you are. So there's no need for you to be obnoxious when someone asks a reasonable question. |
Aiw
Member Username: Aiw
Post Number: 5917 Registered: 10-2003
| Posted on Thursday, October 19, 2006 - 8:31 pm: | |
quote:Have you seen the economy?
That was my initial reply. I'm sorry that your skin is so thin that you took that response to be obnoxious. Like I said, it is common sense. Use it. |
Detroit313 Member Username: Detroit313
Post Number: 211 Registered: 02-2006
| Posted on Thursday, October 19, 2006 - 9:32 pm: | |
Either you know the status of the Argonaut building or you don't!!! That's all he/she was asking!!!!313 |
Supersport Member Username: Supersport
Post Number: 10815 Registered: 10-2003
| Posted on Thursday, November 02, 2006 - 7:45 am: | |
Bump. |
Rhymeswithrawk Member Username: Rhymeswithrawk
Post Number: 119 Registered: 11-2005
| Posted on Thursday, November 02, 2006 - 10:11 pm: | |
last I heard was April 2005: Redevelopment of Argonaut Building for $64 million. COPYRIGHT 2005 PRIMEDIA Business Magazines & Media DETROIT | The Argonaut Building in the New Center area will be redeveloped to accommodate housing, office and retail. Incentives for the building were given through a $5.6 million brownfield Single Business Tax credit approved by the Michigan Economic Development Corp. |
Beantown Member Username: Beantown
Post Number: 1 Registered: 10-2006
| Posted on Friday, November 03, 2006 - 6:38 pm: | |
Many of you probably know this already, but The Argonaut is being handled by Esquire Properties, the same marketing and sales team that is handling the Book-Cadillac (and Book Tower eventually). If a person was motivated to get the latest status of the Argonaut, they could always contact Esquire for an update. http://www.esquirepropertiesde troit.com/ |