Does someone know who owns Bert's Place? And what happened to the original owner?
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Does someone know who owns Bert's Place? And what happened to the original owner?
Afaik, Bert Dearing still owns it.
As far as I know, Bert Dearing and his family have always owned Bert's, in all of its incarnations. Here is an article about him from a couple of months ago.
http://www.modeldmedia.com/features/...ce-040218.aspx
Heh. The question that answers itself. :)
Property was recently sold to Linden and Sanford Nelson for $1.6M according to Crains.
Quote:
Originally Posted by GPCharles
I'm not questioning your integrity but would you happen to have a link to that story? Crain's wants me to give them money.
Never mind, good old Eater Detroit...Quote:
Originally Posted by Honky Tonk
https://detroit.eater.com/2015/7/29/...-sells-auction
That's kind of old news, going back to Bert's bankruptcy and foreclosure a couple of years ago. But the bar and restaurant have continued to operate as tenants since then.Quote:
Originally Posted by Honky Tonk
Apparently, the subsequent sale to the Nelsons that GP Charles is alluding to was completed in April. And earlier this month the Nelsons reportedly spent $20 mil. buying up a number of other buildings along that strip of Russell and adjacent streets as well, as discussed in this Detroit News story from a couple of weeks ago:
https://www.detroitnews.com/story/bu...old/783105002/
Although the story says that the current businesses will remain in place for now, I doubt if they are making such a big buy in one place with an eye towards just continuing to rent to small restaurants and stores forever. I would guess that we should look for big changes along there in the next few years.
Quote:
Originally Posted by EastsideAl
After reading your link, I agree with you. Too bad, IMO.
I don't believe the $20M number as a sales price was accurate.
Was Bert's on Broadway part of the auction?