A few months ago I toured the under construction Broderick Tower. While on the tour, the property manager mentioned that once the Broderick is finished Beale would begin work on another downtown gem: the Book Tower. She stated that earlier that week [[sometime in September) Beale signed preliminary paper work to turn the Book in to 300+ apartments, and that the work would be done [[start to finish) in around 5 years. With that being said; was she just spouting some rumor around Beale or is there any truth to her statements? I usually subscribe to the idea where there is smoke, there is fire….but this is Detroit we’re talking about.

Does anyone have insight to add?