...oh and did we mention that includes a 5 story parking deck. Presenting he lovely Riker Building in downtown Pontiac.



Kirk Pinho of Crain's reports that it sold for that amount. Okay it has 20% occupancy and certainly other issues but, OMG, it is gorgeous. Imagine what it would cost to build something of that quality and detail.

The Riker was one of the buildings targeted for millions of dollars of investment in the Indian Hill project planned for downtown.

The project plans, which I reported about 18 months ago, called for the Riker to be turned into a boutique hotel or mixed-use development with a significant multifamily component following $2.5 million to $4.8 million in investment.
http://www.crainsdetroit.com/article...lls-for-830000