While bargains by most metropolitan standards Downtown Detroit real estate prices continue to soar. The largely vacant Marquette Building, across Washington from Cobo and adjacent to the former DFD HQ [soon-to-be-boutique-hotel], has sold for $5.8 mil as reported by Crain's.



Below image from Crain's show location next to former DFD HQ building


Renovations are planned and the building will remain as office space, but exactly what the renovations will include, how much they will cost and when they will be complete has not yet been determined, Parker said.

The building, across the street from Cobo Center, is less than 5 percent occupied.

“Because of the large absorption of space in the CBD [[central business district) recently, this building is uniquely positioned because it can house large tenants in a contiguous space up to [[164,000) square feet — something that cannot be easily found,” Parker [representative of the buyer, 243 Congress LLC] said in an email to Crain’s.