A knowledgeable little birdie has informed me the that Michigan Building at 220 Bagley with its attached famous Michigan Theater-turned-parking-garage has been sold to Greektown and Russell Industrial developer Dennis Kefallinos.
The buildings were scheduled for auction starting at $1 Million but the Detroit News reported earlier today that their listing had been removed from auction.com today.
Among its tenants Michigan Building houses the offices of AtDetroit LLC, publishers of DetroitYES.com and SoulfulDetroit.com.
Plans for the use of the building by the new ownership were not disclosed.
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