GM Buys Four Riverfront Properties

[313rd]

This has Parking Garage written all over it.

[bailey]

This has Parking Garage written all over it.

nah, Asian Village 2.0!

[Honky Tonk]

nah, Asian Village 2.0!

Fed by People Remover Part II "The Magic Choo-Choo". I think I see a pattern developing!

[emu steve]

why would 2014-2024 be any better than 1990-2000? the 90s had unprecedented growth and wealth creation for America, record deficits became record surpluses;22 million new jobs were created; unemployment, poverty, and crime were all low; and we hit the highest homeownership rates in history. How'd that work out for development and population growth in Detroit?

Individual cities [[and states) may vary in their economic growth and vitality.

While many bemoan the slow economic and employment recovery not many in North Dakota are.

Detroit had problems but is turning things around. The next 10 years should be growth years.

[bailey]

Individual cities [[and states) may vary in their economic growth and vitality.

While many bemoan the slow economic and employment recovery not many in North Dakota are.

Detroit had problems but is turning things around. The next 10 years should be growth years.

that's what was being said in those heady Archer days... auto industry was going like gang busters, no more CAY, GM bought the ren cen in 96....casinos were heading to the riverfront... CoPa getting built.

Lucy is holding the football again.... seems like Detroit is always just ten years away from being great again.

[DetroiterOnTheWestCoast]

that's what was being said in those heady Archer days... auto industry was going like gang busters, no more CAY, GM bought the ren cen in 96....casinos were heading to the riverfront... CoPa getting built.

Lucy is holding the football again.... seems like Detroit is always just ten years away from being great again.

In the 1990's, was there a steady stream of new jobs heading downtown? Most notably thousands of jobs in areas NOT related to the auto industry? Was housing in high demand in Midtown and Downtown? Were long vacant or underutilized buildings being bought? Was there any new construction other than CoPa [[perhaps the last of the Riverfront towers...)?

[Hypestyles]

hopefully development will be greenlit and commence this summer.

[erikd]

1) Yes.
2) Your optimism is based on nothing more than feelings. There is no data to suggest your surge. Further, even "double" what happened between 2004-2014 isn't nearly the dream scenario you predict. "Double" would be... 1 more Starbucks, 4 brew pubs [[if the current all stay in business), 1 more grocery store, a few more converted lofts, a new Wayne St building? Sorry, but that isn't the surge in development that requires 1/2 the surface lots to have new development. Not close.

Are you not aware of what downtown and midtown Detroit was in 2004, or are you not aware of how much it has changed in the last ten years?

"1 Starbucks, 4 brewpubs, 1 grocery store, a few converted lofts, and a new WSU building"... Do you really think that's all that happened over the last ten years?

Ten years ago, there was no Campus Martius Park, no Riverwalk, Grand Circus Park was mostly surrounded by vacant buildings, and the majority of buildings between GCP and Campus Martius were empty.

In 2004, the Book Cadillac, Fort Shelby, Kales, Broderick Tower, Iodent, Madison, the Merchant's Row collection, and dozens of other recently renovated downtown buildings, were all sitting there vacant and run down.

That is just downtown. There has been just as much growth in midtown over the last 10 years.

If you are going to use the last ten years as an example, please get your facts straight...

[Zacha341]

Yeah similar story from a friend. What a bunch of jerks to not even be able to engineer a decent steering column. I am done with them and the plastic crap... and hope they get it right onward for the sake of peoples lives and the survival of the company above board and not from keeping things on the down-low as they did.

Yeah I know, and I'm as loyal to the Big 3 as anyone, but after refusing to fix the power steering on my G6 for 2 yrs. they just added the fix to 3 other recalls on it. Happy I survived when it went so cut me a little slack on this one.

[emu steve]

Are you not aware of what downtown and midtown Detroit was in 2004, or are you not aware of how much it has changed in the last ten years?

"1 Starbucks, 4 brewpubs, 1 grocery store, a few converted lofts, and a new WSU building"... Do you really think that's all that happened over the last ten years?

Ten years ago, there was no Campus Martius Park, no Riverwalk, Grand Circus Park was mostly surrounded by vacant buildings, and the majority of buildings between GCP and Campus Martius were empty.

In 2004, the Book Cadillac, Fort Shelby, Kales, Broderick Tower, Iodent, Madison, the Merchant's Row collection, and dozens of other recently renovated downtown buildings, were all sitting there vacant and run down.

That is just downtown. There has been just as much growth in midtown over the last 10 years.

If you are going to use the last ten years as an example, please get your facts straight...

It does seem that some folks post here: a). don't know the good news which is happening in Detroit. b). Don't seem to share the joy of the good news.

Are these posters L. Brooks Patterson's extended family? Lol.

And why do they post here?

[mikeg19]

Now that MDOT has released it's proposals for the 375 rebuild/reconfiguration, one can see why GM purchased these lots. That should be some valuable real estate, whether they choose to sell or build their own there.

[animatedmartian]

Schweizer's restaurant has been demolished.

http://www.crainsdetroit.com/article...ing-demolished

[1953]

I sure hope they plan to build on the site, since they just demolished a 130 year old building.

[Hypestyles]

something progressive should be done. Don't just let the properties crumble.

[Spartan]

Schweizer's restaurant has been demolished.

http://www.crainsdetroit.com/article...ing-demolished

Is this the same location that was most recently "Vondie's"?

[animatedmartian]

Is this the same location that was most recently "Vondie's"?

Yep.

http://goo.gl/maps/4VxPO

[animatedmartian]

I sure hope they plan to build on the site, since they just demolished a 130 year old building.

More likely than not, the demolition of this particular building had something to do with the possible changes planned to occur with 375. Most of the proposals have a new road going through this property.