David Stott Building Discussion

**K-slice** · June-14-10, 11:42 PM

I was also wondering what #1 was?

**Gistok** · June-15-10, 12:12 AM

Book Tower.... 475 ft.
Stott Tower..... 437 ft.

**buildingsofdetroit** · June-15-10, 03:27 AM

Originally Posted by Gistok

Book Tower.... 475 ft.
Stott Tower..... 437 ft.

And Davey Broderick is 369 ft.

**ASR89** · September-30-10, 06:07 PM

http://www.freep.com/article/2010093...wer-in-Detroit

Unless I missed something, we were all unsure of the plans for the Stott after the old tenants got kicked out. The article gives some more information about the new owner's plans. If the rents are reasonable and they offer some good amenities, I'm sure the apartments would fill up in no time.

**fryar** · September-30-10, 07:23 PM

Developer Emre Uralli, doing business as Citi Investments,...

A renovated David Stott Building is a renovated David Stott Building, certainly, but his d/b/a is huckster-rific, IMO.

**brightpavilions** · September-30-10, 07:33 PM

A friend of mine who's a former tenant said he was asked if he'd want to come back into the building. He'd spent 30 years in the Stott only to be kicked to the curb and now they want him back? I said forget it. Besides, that building is in such disrepair. Half the the time the elevators didn't work, the windows were falling apart, the bathrooms were awful. It's a shame but pretty much a classic tale in Detroit of leaving great structures for ruin.

**carptrash** · October-10-10, 01:20 PM

No one has mentioned that there are a few cute Parducci details to be spotted around the main entrance and, if I recall correctly [[getting to be a dicer and dicer proposition) on one of side sides and perhaps in the lobby. eek

**Gsgeorge** · October-10-10, 01:33 PM

On October 4 a crew of men were removing furniture and garbage from the Stott building, and a long banner was unfurled on the southern face of the tower reading "4 RENT" and a 313 number before it fell off the building around 10-10-10. Anyone know whats going on??

**Ocean2026** · October-11-10, 07:01 PM

The Stott was listed for sale as of a few months ago and there is a long thread on it right here

http://www.detroityes.com/mb/showthr...ighlight=stott

gdogslim · October-12-10, 08:18 PM

i heard someone say it would be worth more as a parking lot than redeveloping it., could that be true?

**wolverine** · October-12-10, 09:58 PM

...Well anything is more valuable than an empty skyscraper. At the moment it's just a liability and an expense for the owners. But the parking lot wouldn't likely turn a profit. Small lot = only a few spaces. Plus parking in downtown is cheap. You won't be charging much daily. Maybe if you charged $100 / day per space you might just get something out of it.

**BrushStart** · November-01-10, 08:46 PM

The exterior lights on David Stott Tower are totally illuminated tonight. I have not seen those lights on in several months. You can actually see the building in the night skyline for a change. Wonder if it means anything...

EastSider · November-01-10, 08:56 PM

It means they tapped into their neighbor's line to try and boost the selling price.

**spiritofdetroit** · November-03-10, 09:49 PM

It really looks beautiful all lit up - I can't recall ever seeing it with ALL the lights on the top. And the Penobscot is lit up once again. Makes a big difference.

Doesn't appear though that there are ANY tenants in the Stott, except on the ground floor. My office building has a clear view into the building on one side, and there is no sign of life in the tower, however there is an active buildout of one of the ground floor retail spots. The for lease sign was ripped off by the high winds a couple weeks ago, but a replacement has been put up on the side of the building. It does seem as though the new owners are at least actively trying to do a little something with it. Hopefully it works

**Rocko** · November-05-10, 10:43 PM

It looks like their doing some interior build-out in one of the ground floor commercial spaces on the State Street side. I saw construction lighting inside and it looked like drywall or some other type of wallboard going up. And now I see Spirit said the same thing but I'm going to leave this here and second the hope that another viable business moves in.

**stromberg2** · November-06-10, 05:18 PM

Any pictures of the night lighting?

Stromberg2

**Rocko** · November-06-10, 10:47 PM

'Twas all lit up again perty tonight too. I didn't take any photos but this one shows how good it looks!:

http://www.flickr.com/photos/55639959@N00/383881731

**mikeg19** · February-14-11, 12:48 PM

Went down to Winterblast on Saturday night and the top was lit up nicely like the picture, but the ground floor was pitch black. Any recent developments with what is happening with the building?

**Planner3357** · February-14-11, 01:39 PM

The top lights are on until 3:00 am or so.

I've noticed office lights on midway up at night lately...corner offices.

agrahlma · May-04-11, 07:52 AM

For sale...$10.9 million

http://www.loopnet.com/Listing/17144...et-Detroit-MI/

**Planner3357** · May-04-11, 07:57 AM

If I ever won the lotto....

agrahlma · May-04-11, 08:00 AM

LOL - I was thinking the same thing.

**swingline** · May-04-11, 08:59 AM

$11 million purchase price is absurdly, comically high. $111 million looks like a nice figure. Why not list it for that price? Sheesh. Why do flippers/speculators play such games? Just asking.

**Planner3357** · May-04-11, 09:08 AM

Originally Posted by swingline

$11 million purchase price is absurdly, comically high. $111 million looks like a nice figure. Why not list it for that price? Sheesh. Why do flippers/speculators play such games? Just asking.

What would be a reasonable asking price? What is the building even worth?

**drjeff** · May-04-11, 09:24 AM

Originally Posted by swingline

$11 million purchase price is absurdly, comically high. $111 million looks like a nice figure. Why not list it for that price? Sheesh. Why do flippers/speculators play such games? Just asking.

Considering there are houses in the suburbs on the market for 4 or 5 million, 11 million for a skyscraper in the heart of downtown sounds like a pretty damn good deal to me. I Stott is not a ravaged shell like the Broderick- it's still a viable building.