Major Downtown/Midtown/Corktown Developments! (Detroit, Southfield: tickets, park, build)

[MS313]

Originally Posted by Coldjensens

Various uses for that property have been discussed for a considerable time. There were parking issues that had to be sorted out before they could decide what use was practical. I think they got their parking issues sorted out last year. They were also running out of time to propose a use. That probably pushed them to get a plan out there. It has been a discussion of many years.

It is not entirely clear whether this is a real plan with money behind it, or whether it was their favorite of several and just tossed out there to meet the deadline. Perhaps we will know by the end of 2017.

While they may have a plan to complete it in 2020, it will be unlikely they will achieve that goal unless they make some major progress in 2017. They need to have financing in place. It is possible Gilbert is going to finance the whole thing on his own, but that is not likely. There will at least be a laon, and probably some partners. Financing will involve negotiating tax breaks and other regulatory changes necessary to make the project work financially. There is still a ton of work to do in planning before they can even start serious design. Then the need to make the design, get prices, do value engineering, negotiate a contract get approvals, permits and start work. Once work starts, there are usually surprises, things in the ground they did not expect, things in the plans that do not work, some code or other governmental issue no one ever thought of, etc. Change in government, partners, lenders who raise new demands. A project of this size is going to encounter endless set backs and delays. It almost always happens.

Well Gilbert is a billionaire so it's not like he can't afford it if it comes down to it. Either way, something is going to happen with the property, if it were Illitch or a couple other people, I would agree with you. But I think the property is in good hands. We really don't even know what stage the planning is in right now. They could already have a serious design we don't know about. But I never get too excited about plans until the ground is broken because they do almost always change.

[MS313]

Gilbert: Under Armour Store Coming To Downtown Detroit In Spring 2017 « CBS Detroit
Under Armour opening I believe it's first brand house location in Michigan right in downtown Detroit. It looks like it will be 3 floors (the basement, first, and second). Honestly, with Under Armour putting their MI flagship store downtown, it's going to make Nike look like a charity case with it's community store. Looks like we got a little bit of competition downtown .

[Coldjensens]

Originally Posted by MS313

Well Gilbert is a billionaire so it's not like he can't afford it if it comes down to it. Either way, something is going to happen with the property, if it were Illitch or a couple other people, I would agree with you. But I think the property is in good hands. We really don't even know what stage the planning is in right now. They could already have a serious design we don't know about. But I never get too excited about plans until the ground is broken because they do almost always change.

Gilbert is a billionaire on paper. That does not mean he has $300 million in available cash. His assets total billions, not his cash. Besides he is a developer. The developer credo is OPM. I do not think he is suddenly going to start dumping personal assets into a project. There will be a time lag to come up with financing. Although they are supposed to already have a source identified. However they could have identified self funding and then just change it later.

If they had a serous design and were looking for pricing or hiring someone to help with VE, I would know about it.

[Coldjensens]

Originally Posted by MS313

Well Gilbert is a billionaire so it's not like he can't afford it if it comes down to it. Either way, something is going to happen with the property, if it were Illitch or a couple other people, I would agree with you. But I think the property is in good hands. We really don't even know what stage the planning is in right now. They could already have a serious design we don't know about. But I never get too excited about plans until the ground is broken because they do almost always change.

Gilbert is a billionaire on paper. That does not mean he has $300 million in available cash. His assets total billions, not his cash. Besides he is a developer. The developer credo is OPM. I do not think he is suddenly going to start dumping personal assets into a project. There will be a time lag to come up with financing. Although they are supposed to already have a source identified. However they could have identified self funding and then just change it later.

If they had a serous design and were looking for pricing or hiring someone to help with VE, I would know about it.

[usroute10]

Oh yeah

[usroute10]

GM opens new Company Store at Renaissance Center

GM Company Store Opens in the Renaissance Center

The new store is part of a larger renovation project that includes significant updates to the public spaces in the Renaissance Center. In addition to the store, GM will add an immersive experience with interactive exhibits that will highlight innovation, technology and design across the company’s global brands.

The GM Company Store offers branded merchandise representing Chevrolet, Buick, GMC and Cadillac and is located on Level 1 in the GM Wintergarden. It will be open from 9:30 a.m.-5:30 p.m. during the week and occasionally on the weekend



(I'm going to buy that Camaro VS Everybody shirt!!)

[usroute10]

Japanese-Influenced Eatery Bringing Noodle Bowls to Former Rubbed Space in Corktown

http://detroit.eater.com/2016/11/23/...t-opening-soon

Unfortunately, a pretty neat deli called RUBBED, closed a few months ago, but this restaurant is opening up in the same storefront, so this is fantastic news.


Sushi restaurant to open in Downtown Detroit's former Federal Reserve Building | MLive.com

New Sushi restaurant opened recently in the old Federal Reserve building downtown on Fort

[robhuber]

Long shot, but I'm trying to find out more information on what is happening at 443 E. Milwuakee, it looks like it might be undergoing rehab. I've found this website and I think it's it, but everytime I call I get a voicemail. Any ideas on what's going on here? www.milwuakeeloftsdetroit.com

[Coldjensens]

Originally Posted by robhuber

Long shot, but I'm trying to find out more information on what is happening at 443 E. Milwuakee, it looks like it might be undergoing rehab. I've found this website and I think it's it, but everytime I call I get a voicemail. Any ideas on what's going on here? www.milwuakeeloftsdetroit.com

Not sure, but our security stuff blocks this site. That gives me some concern.

[animatedmartian]

Originally Posted by Coldjensens

Not sure, but our security stuff blocks this site. That gives me some concern.

Poster spelled Milwaukee wrong. Website technically doesn't exist. This is the correct link.

http://milwaukeeloftsdetroit.com/