  Gmich99 Member Username: Gmich99 Post Number: 205 Registered: 11-2005 |
Have there been new River East developments? There was a thread on the project about a year ago, but i cannot recall seeing any new information for some time. | ||
Charlottepaul Member Username: Charlottepaul Post Number: 1117 Registered: 10-2006 |
From Asian Village up to Belle Isle there are many underway. | ||
Bob Member Username: Bob Post Number: 1482 Registered: 11-2003 |
Not to mention the opening of a new section of the Riverwalk in that area. (Message edited by bob on June 15, 2007) | ||
Thejesus Member Username: Thejesus Post Number: 1401 Registered: 06-2006 |
I think Gmich is refering to the residential/retail complex that GM was planning to build on the surface lot immediately east of the Ren Cen... I tried to find info on this not too long ago and all I could find was that they selected the developer back in January of 2006... http://www.downtowndetroit.org /ddp/images/housing/River_East -1.jpg http://www.downtowndetroit.org /ddp/images/housing/River_East -2.jpg this is from the DDP website: River East On January 19, 2006, General Motors announced that it had reached a preliminary agreement with Detroit River East Partners, LLC (DREP) to develop the River East project. The River East development consists of approximately 13 acres along the Detroit River, immediately east of the GM Renaissance Center. Plans for development include mixed-use commercial, residential, retail, office, entertainment and special use opportunities. Location: Riverfront East and this is from Model D: http://www.modeldmedia.com/dev elopmentnews/rivereast.aspx other than that, doesn't seem like there been any movement on this one | ||
Genesyxx Member Username: Genesyxx Post Number: 746 Registered: 02-2004 |
I walk by there and always wonder what they'll do with this land. They already have pathways from riverwalk to where this development would go, but seems to be at a standstill. Asian Village doesn't seem to be finishing up either. Parking garage has been done for months now but the street-level shops are still bare. Did they run out of money on this project? | ||
Thejesus Member Username: Thejesus Post Number: 1405 Registered: 06-2006 |
"Did they run out of money on this project?" I just assumed they couldn't find any tenants...it looks like it's been completed for a while | ||
Rb336 Member Username: Rb336 Post Number: 143 Registered: 02-2007 |
Mesirow Stein & Morningside both have pretty deep pockets, so money isn't an issue. My bet is they want to phase it in with the other proposed project so as to not flood the market | ||
Swingline Member Username: Swingline Post Number: 856 Registered: 11-2003 |
Walked by Asian Village a week ago. There were no workers on site. That usually means one of two things. A permit problem or a cash problem. There has been plenty of time to complete the project given how long ago the build-out started. Summertime and the opening of the River Walk provide all kinds of visibility and an opportunity to develop customer base. It's not good to still be under construction. | ||
Lmichigan Member Username: Lmichigan Post Number: 5643 Registered: 10-2003 |
Exactly, Rb336. GM chose Wesirow and Morningside for a few parcels, I belive, in GM's RiverEast plan a year back, or so. I'd imagine GM is taking its time to see what unfolds. Both are major Chicago development/real estate companies, I believe. |
