Investor Tony Goldman interested in Detroit properties

[bopcity]

Investor Tony Goldman interested in Detroit properties
Louis Aguilar/ The Detroit News

"The real estate mogul who played a key role in transforming Miami Beach's South Beach and New York City's SoHo areas into art destinations says he's close to making a major investment in downtown Detroit as well as partnering with the John S. and James L. Knight Foundation to support art projects in the city.

"I make a critical mass statement," Tony Goldman said in a telephone interview Tuesday from Miami. "I'm a neighborhood builder, and an investment in one building is not going to do it."...

Goldman has been an early investor in depressed urban neighborhoods for four decades, and many of those investments have paid off. The areas include New York's Wall Street Financial District and SoHo neighborhood, the Center City in Philadelphia and, more recently, the warehouse district in Miami's Wynwood area.

Goldman's track record shows he tends to buy multiple properties in an area and often focuses on creating restaurants as well as renovating hotels and housing.

Goldman said it's too soon to name specific downtown property or properties he is targeting. He added that he has not worked out whether he would work with partners in the potential deals.

Among the deals he's working on is being "a substantial adviser to some high net-worth individuals who understand the momentum that's going on in Detroit," Goldman said...
"

http://detnews.com/article/20111201/BIZ/112010344/Investor-Tony-Goldman-interested-in-Detroit-properties#ixzz1fGEaeij7

[animatedmartian]

I did some research on this guy. Detroit is someplace he's been wanting to add to his list. Basically, he's like Dan Gilbert but with a lot more resources.

I'm very curious to see what he does.

[stasu1213]

I did some research on this guy. Detroit is someplace he's been wanting to add to his list. Basically, he's like Dan Gilbert but with a lot more resources.

I'm very curious to see what he does.

Hopefully he would be able to buy some of these properties. He really is sincere in building up the city unlike others such as judge Daphne Weeks, Ilitch, Mouron etc who are allowed to buy up properties only to sit on them and help making this city the slum that it is. I would love to see him revitalize the Gratiot strip from Russell all the way to Chene. Espcially on the south side of the street of Gratiot. That area has so much potential There are many lofts above the storefronts that line Gratiot. Art, retail, and restaurants/cafe could utilize the storefronts. The whole area could be called "Eastern Market District". I hope that the planners of the city, who think ouside of the box, would let this guy have the piece of the fillerless pie we call Detroit..

[AGinthe313]

This is good news! I attended a panel discussion back in May, where Tony was the featured speaker. He’s an interesting guy with a passion for big development projects. He’s legit – and has a proven track record. It should be interesting to see what he has in mind for Detroit!

-AG

[DetroiterOnTheWestCoast]

But he added: "What I will say is one of my favorite public spaces is Dequindre Cut."
The Dequindre Cut Greenway is a 1.5-mile recreational path that links the downtown riverfront at the RiverWalk near William G. Milliken State Park and stretches to Gratiot Avenue near Eastern Market.
Formerly a Grand Trunk Railroad line, the below-street level path is known for its urban artwork and graffiti. The Dequindre link passes near the boarded-up empty buildings that once were a thriving cluster of riverfront bars and restaurants before the city targeted the area to make way for casinos that were ultimately built elsewhere.
Goldman and the Knight Foundation have not yet made a formal offer to the Detroit RiverFrontConservancy, the nonprofit that oversees the public riverfront area and the Dequindre Cut. Goldman took a two-hour tour of the area in May when he first visited Detroit, said Faye Alexander Nelson, the conservancy's president and CEO.
"Mr. Goldman seemed to be very struck with the potential of the riverfront and the Dequindre Cut, and we would certainly love to look at any proposal he and the Knight Foundation offer," Nelson said.


From The Detroit News: http://detnews.com/article/20111201/...#ixzz1fIuNcN5i

Some particularly tantalizing tidbits from the article.

[daniel_duggan]

When Tony Goldman was in town last month, the Crain's video team did a GREAT video on his thoughts about Detroit. It very much sounds like he's coming here.

http://www.crainsdetroit.com/article...FREE/111119985

[mwilbert]

There's no way to tell if anything will come of this, but Mr. Goldman has several things going for him:

1) Ability to develop on a large scale
2) Vision
3) Track record

The area near the Dequindre cut is not developed to anything like its potential considering its location, so I give him credit for perception as well. Hopefully something good will come out of his interest.

[stasu1213]

Maybe the emergency financial manager would give him a break

[Detroit68]

Whatever happened to this guy? Last I heard, a "big announcement" was expected about a year ago.

"Detroit can be like Berlin and be a new frontier for artists and creative people to live," he said.

[Detroit68]

Oops. I guess he died. Sorry.

http://www.mlive.com/business/detroi...earn_from.html

[Cliffy]

Oops. I guess he died. Sorry.

http://www.mlive.com/business/detroi...earn_from.html

I don't know but this made me LOL

[motz]

I don't know but this made me LOL

I will admit I laughed too.

Sounds like his daughter doesn't have any intention on fulfilling his vision or inspiration or whatever when it comes to Detroit. Cool, thanks Rich Guy's Daughter.

[emu steve]

Oops. I guess he died. Sorry.

http://www.mlive.com/business/detroi...earn_from.html

Died at age 68. Much too young and before he could get to work in Detroit.

[warsaw7]

I will admit I laughed too.

Sounds like his daughter doesn't have any intention on fulfilling his vision or inspiration or whatever when it comes to Detroit. Cool, thanks Rich Guy's Daughter.

It's actually not funny....

[warsaw7]

I don't know but this made me LOL

Why did it make you laugh out loud? Does people dying make you laugh?

[rjlj]

I will admit I laughed too.

Sounds like his daughter doesn't have any intention on fulfilling his vision or inspiration or whatever when it comes to Detroit. Cool, thanks Rich Guy's Daughter.

Did you converse with his daughter and this is what she told you?
What is it you plan on doing?

[Hypestyles]

uh.. has he met with the mayor, EM or city council yet regarding any proposals? Even if he has "good" intentions, there's a high risk of stumbling into the carpetbagger tag, or a years-long boondoggle like the Hantz "forestry" project.

[mwilbert]

uh.. has he met with the mayor, EM or city council yet regarding any proposals? Even if he has "good" intentions, there's a high risk of stumbling into the carpetbagger tag, or a years-long boondoggle like the Hantz "forestry" project.

Who are you talking about? Tony Goldman is dead, so he won't be meeting with anyone, at least not on this plane of existence.

[Hypestyles]

Who are you talking about? Tony Goldman is dead, so he won't be meeting with anyone, at least not on this plane of existence.

so who's the original poster talking about? LOL..

[warsaw7]

so who's the original poster talking about? LOL..

Yes Tony did meet with with city council and the mayor, prior to his death in 2012 there was no EM. He was working diligently with Phil Cooley as well, not that he is an authoritarian position, but he was moving in the right direction.

[Lowell]

so who's the original poster talking about? LOL..

Same guy, alive then. Post was made on December-01-11, 02:24 AM. One of the quirks of forums is revived older threads which can give the appearance of something new. This one tripped me up for a minute until saw the video.

[iheartthed]

so who's the original poster talking about? LOL..

Here is his obit in the NYT: http://www.nytimes.com/2012/09/16/ny...t-68.html?_r=0

[stasu1213]

He died before he could purchase those buildings that he said that he would purchase. I liked his concept. One building at a time, one block at a time. He would had taken care of the neighborhoods while the corporations including Gilbert would had taken care of downtown/midtown

[Huggybear]

Cool, thanks Rich Guy's Daughter.

Feeling entitled, are we? Goldman's organization is still very active in developing arts-oriented districts in Miami, particularly Wynwood.

HB