I can say that I would probably move into the Stott if it was redone as rental units. But calm down with the granite countertops, stainless steel appliances, chandeliers, expensive bathroom sinks & showers... what is with all these rental units downtown being so luxurious? Who exactly are they expecting to move here? If the places were simpler, more reasonably priced, I would go for them. Right now Woodward Lofts is asking $1000-$1750 for 750-1100 sq ft. You've gotta be kidding me! If they just cut back on the expensive fixtures and dropped the rent a few hundred bucks, I would go for them.
The Stott, I think, has the potential to be marketed as affordable rental units because of its size & relative lack of amenities. If they keep things simple, maybe even provide some units as raw lofts, maybe reserve the first four floors for Office, it could attract younger, more frugal folks and it might actually work. The condo craze is over. No one wants to pay over $100,000 to live anywhere in Detroit, historic skyscraper or not. But I would easily pay $750-$1000 per mo for a large one-bed or medium-sized two-bed with a friend.
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