Book-Cadillac deal a big step in the right direction for the city
On Tuesday after work, I was given the wonderful opportunity of attending The Ferchill Group‘s Book-Cadillac Hotel Preview Event at the Detroit Athletic Club.
I truly wish that anyone with a love or passion for the city and its revitalization efforts could have been there to experience the positive, pro-Detroit environment that spread throughout the room as John Ferchill – President and CEO of The Ferchill Group, the development company behind the new Book-Cadillac – announced that his company had closed on the deal, and that the redevelopment of the historic building would, indeed, become a reality.
It truly was a memorable moment for the city of Detroit.
Stay tuned for updates about the project’s future progress. Construction on the 455-room hotel with 67 luxury condominiums on the top eight floors is set to begin immediately.
I believe that this is a step in ‘a’ direction, but I am not sure how significant this is to the city as a whole. I don’t want to rain on the parade of an exciting announcement, but there are still so many obstacles in the way.
It’s like getting into the big game and scoring an exciting touchdown, but your team is still down by 35. Yeah, you want to be happy, but when you look up you realize you’re still way down.
I’m still down with detroit though.
Thanks for the comment, DownwithDetroit.
When you say ‘there are still so many obstacles in the way’, do you mean in terms of the Book-Cadillac project, or Detroit as a whole?