More Good News for the D’

The Downtown Development Authority, (DDA), has approved a design change for the garage being built next to the Book Caddilac which is under construction also. They have authorized two more stories to the parking deck. The Griswold, as it is called, will accomodate 80 condominiums priced between $175,000 and $800, 000. Add that to the new 400 room hotel with 67 uber-condo’s on top and we will have a magnificent addition to the central business district when they are finished next year.

In another development, Quicken Loans which owns the Cleavland Cavaliers and it’s offshoot Rock Financial is coming downtown. The deal isn’t signed yet but it’s a given among those in the loop. I have wondered about its new location. Would they build new or occupy a vacant building? Now it appears they will choose new construction. The DEGC is promoting two sites. The first is the Primier Garage on Woodward. Hudsons once stood at this location and when they built the garage they installed footings for an office building to be built above it of eight stories or less. The second site, and my pick, is the larger site where the Statler Hilton once stood. That would make a fine addition to Grand Circus Park and be great for the business’s surrounding it.

2 Comments so far

  1. max (unregistered) on July 17th, 2007 @ 6:29 pm

    i’ve asked before and got no response so i’ll ask again: does anyone know the occupancy rate for all these new lofts, condos and penthouses that are poping up all over downtown? the reports i’ve seen show Detroit losing residents at a staggering rate and not a peep about how many upper income residents are flocking to be part of the rebirth. if my thoughts are correct then the ratio should soon be three lofts for each resident of the city.

  2. Tom (unregistered) on July 18th, 2007 @ 9:55 am

    Max, I’ve heard that most of the occupied real estate downtown have fairly average/slightly below average occupancy. Nothing staggering or awesome but signs of a slow and fairly consistent growth.

    The rest of the city continues to bleed residents and businesses though.

Terms of use | Privacy Policy | Content: Creative Commons | Site and Design © 2009 | Metroblogging ® and Metblogs ® are registered trademarks of Bode Media, Inc.