Broderick Tower Official Thread

**dtowncitylover** · December-07-09, 11:39 PM

Originally Posted by esp1986

I actually noticed that one day driving by... I believe that building was to be part of the renovation... There is, however, some question as to whether that building actually collapsed or whether it may have actually been demolished.

You sound like a 9/11 conspiracy theorist.

MichMatters · December-07-09, 09:56 PM

Higgins isn't the majority owner in this project, anymore, is he? I was under the impression that he was largely sidelined [[or should I say sidelined, himself) when the Beals came in to save the day some years back. Higgins isn't the shot caller on this project, anymore.

**DetroitZack** · December-08-09, 12:09 PM

3 months huh? Around here that usually ends up being 3 years :-p Just kiding, of course. I hope this starts soon! The Broderick is one of my favorite towers in Detroit.

**French777** · December-08-09, 03:06 PM

It would have amazing views! From the website the views it shows of the city are just breathtaking. All directions have something interesting to look at!

lefty · December-17-09, 03:22 PM

I hope they block the windows it is going to be a cold freezing winter, maybe the billboard ad revenue isn't enough to cover it.
The Beals never came in to save anything. Just make money off another project.
If they can do enough work on a building, then the owner is in debt to them and then they can take a equity stake in the building and squeeze the owner real hard.
Beal jr. is also a person one wouldn't want to work for from what I've heard from more than one person.
Whoever it is that completes it, I hope to hell they do something something nice with it soon.

**esp1986** · December-17-09, 03:39 PM

Originally Posted by lefty

I hope they block the windows it is going to be a cold freezing winter, maybe the billboard ad revenue isn't enough to cover it.
The Beals never came in to save anything. Just make money off another project.
If they can do enough work on a building, then the owner is in debt to them and then they can take a equity stake in the building and squeeze the owner real hard.
Beal jr. is also a person one wouldn't want to work for from what I've heard from more than one person.
Whoever it is that completes it, I hope to hell they do something something nice with it soon.

This is a project that has been in the works for about 5 years... when the plans finally materialized, the economy soured... they are just now following through on the plans... provided they start in March, pending a state tax credit, they could conceivably cover up the windows for the winter, but what is one more winter on top of the last 25??

**detroitbred** · December-17-09, 04:30 PM

I work for a construction related company, and we have done numerous jobs for JC Beal. Not among our favorite people....very difficult to collect our money from them. We'd like to tell them to get lost, but these days, you have to take whatever work you can.

**Bodybagging** · December-17-09, 05:44 PM

Heres the Movie poster for the film,

I checked out the trailer, the FX looked pretty good in it. Wish they would have given me a jingle....

**esp1986** · December-22-09, 08:36 AM

The tax credit legislation, presumably the last step toward a historic renovation of the Broderick is awaiting Granholm's signature...

http://www.crainsdetroit.com/article...FREE/912219981

DetroitDad · December-22-09, 09:45 PM

God, could they at least take down the shredded "under development" banners? They are almost as ridiculous as the ones still hanging on in lower Midtown.

**spirit2028** · December-28-09, 05:48 AM

The building unfortunately is in foreclosure for non-payment of taxes. The owners owe Raymond $41,445.41 as of 11/1/09. The notice is posted on the front of the building.

**Gistok** · December-30-09, 03:38 AM

I don't see how foreclosure is a problem for the Broderick? Higgins got it for next to nothing, so it's probably completely paid for. The problem he's had is delinquent taxes. But he got a nice return on selling the Farewell Building, so even taxes shouldn't be a worry for him at the moment [[plus he gets advertising money for the ad on the former "Whale" space). Now financing is another story...

PQZ · January-05-10, 04:56 PM

Originally Posted by Gistok

I don't see how foreclosure is a problem for the Broderick? Higgins got it for next to nothing, so it's probably completely paid for. The problem he's had is delinquent taxes. But he got a nice return on selling the Farewell Building, so even taxes shouldn't be a worry for him at the moment [[plus he gets advertising money for the ad on the former "Whale" space). Now financing is another story...

You still don't get it. Like the ad revenues, Higgins has no intention of actually reinvesting that money. He is a slumlord that folks continually defend because they buy his poor little guy fighting the good fight routine.

Fuck that shit. I bumped into him on a flight from NYC to Detroit a few years ago. He was flying first class after spending 3 weeks skiing in the Swiss Alps on his annual vacation. Two days later he was pleading poverty and that he had no money to pay the $36,000 or so in back taxes.

You listening Detroit Dad? While you defend the Leland Apartments, Higgy's out blowing your rent cash on parties and trips.

He simply doesn't give a fuck.

**esp1986** · January-05-10, 04:26 PM

The bill has been signed into law by the govenor... time will tell us if this project will finally come to fruition... here's the link:

http://www.legislature.mi.gov/[[S[[yx5...e=2009-HB-5479

**French777** · January-13-10, 05:44 PM

With the Historic Tax Credit passed for the Broderick Tower, does that mean this project is going forward definitely?

**esp1986** · January-13-10, 07:44 PM

Originally Posted by French777

With the Historic Tax Credit passed for the Broderick Tower, does that mean this project is going forward definitely?

From what I have read from the documentation submitted by Fred Beal to the state legislature, the project could be shovel ready within 90 days of receipt of the tax credit, so I would look for it to begin around April 1. Keep looking on this page... when it begins, there will be a post or two on here, if from no one else, from me.

**Gsgeorge** · January-15-10, 02:24 AM

Originally Posted by esp1986

From what I have read from the documentation submitted by Fred Beal to the state legislature, the project could be shovel ready within 90 days of receipt of the tax credit, so I would look for it to begin around April 1. Keep looking on this page... when it begins, there will be a post or two on here, if from no one else, from me.

Wow, this would be so amazing if it finally happened. Combined with the Book Tower & light rail this could have a lot of impact on downtown. Looking forward to it and keeping my finger's crossed.

**esp1986** · January-15-10, 09:17 AM

Originally Posted by Gsgeorge

Wow, this would be so amazing if it finally happened. Combined with the Book Tower & light rail this could have a lot of impact on downtown. Looking forward to it and keeping my finger's crossed.

Well that WOULD be fantastic... BUT as for the Book Tower, the prospects of that happening are becoming more scarce each day... Key Investment Group, the company who announced the Book Tower Project, was to close on the building in November and announce a number of other projects in December, and to this point neither have happened... It seemed awfully fishy for a private investment group to announce a project like that with no public funds, so don't be surprised if it never happens... good news here is that John Ferchill is likely still interested in the Book.

As for M-1 Rail, the prospects are much better than the Book Tower at this point, but it is still a long road to fruition, but all we can do is hope, and with the major backers this time around, things are looking up.

**rb336** · January-15-10, 10:15 AM

Originally Posted by Gsgeorge

Wow, this would be so amazing if it finally happened. Combined with the Book Tower & light rail this could have a lot of impact on downtown. Looking forward to it and keeping my finger's crossed.

it's a defnite go. Beal is getting new pricing from the subcontractors they had on board back in '08 as we speak

**Pcm** · January-15-10, 04:14 PM

Originally Posted by rb336

it's a defnite go. Beal is getting new pricing from the subcontractors they had on board back in '08 as we speak

How do you know?

**buzzman0077** · January-15-10, 04:20 PM

This would make my year if it actually got started. This building is in such a prime location. I stare at it from the window of my apartment and dream of of it being full of life and light. I had told my family that with my career dreams well on their way to fulfillment that my next unreachable goal was to find a way to bring this building back. Sad I wo t be the one to do it but thrilled it's getting done.

**esp1986** · January-15-10, 05:01 PM

Originally Posted by buzzman0077

This would make my year if it actually got started. This building is in such a prime location. I stare at it from the window of my apartment and dream of of it being full of life and light. I had told my family that with my career dreams well on their way to fulfillment that my next unreachable goal was to find a way to bring this building back. Sad I wo t be the one to do it but thrilled it's getting done.

I am with you... it kind of welcomes you to downtown... now for the David Whitney Building...

**One4Detroit** · January-26-10, 04:17 PM

I was talking to a project manager today at the telecommunication company I work for about any work coming up. He said, "Im working on a bid to rewire a 35 story Broderick building downtown that is being made into condo's." I asked if it was the Broderick tower and, not being firmiliar with downtown and only having glanced at the job, he wasn't sure. But what else could it be? He also described some of the living quarters in the sweets and it sounded like what I have seen on the official web site of the building.......

Just thought I would share this and see if there is any news on the building....

**esp1986** · January-26-10, 04:27 PM

Originally Posted by One4Detroit

I was talking to a project manager today at the telecommunication company I work for about any work coming up. Not being firmiliar with downtown, and only having glanced at the job he said, "Im working on a bid to rewire a 35 story Broderick building downtown that is being made into condo's" I asked if it was the Broderick tower and he wasnt sure, but what else could it be? He also described some of the living quarters in the sweets and it sounded like what I have seen on the official web site of the building.......

Just thought I would share this and see if there is any news on the building....

It has to be the tower... there are only so many 35 story buildings downtown, and only one I know of is a Broderick broderick building...