Autum Colors
AUTUMN COLORS ABLAZE »

FUN THINGS TO DO IN DETROIT »



Page 6 of 6 FirstFirst 1 2 3 4 5 6
Results 126 to 132 of 132
  1. #126

    Default

    Great news, hopefully it's accurate.

  2. #127

    Default

    Quote Originally Posted by mikeg19 View Post
    60 stories would be quite the statement. But I wonder how they will utilize that site for the 60 stories. I highly doubt it would take up the entire footprint at that height, as that would be a monster building.
    Yes, a 60 story monolith would probably kill prices downtown. Exciting to think about though...

  3. #128

    Default

    Hmm, what prices? Residential- rent or condo? Office? Hotel rates? This development may include all of the above in moderate quantities, and height doesn't not necessarily equal quantity, if the tower is slender.

    As to offices, most agree there is room to grow the downtown supply.

    As to residences, it is a fact that there is a shortage of for-purchase condos and co-ops in greater downtown, and frankly the prices of what's available should come down a bit. As for rentals, I do not think this would force downward action. Though supply will increase, the area will become more desirable particularly if the development includes a department store and a grocery store.

  4. #129

    Default

    so 60 stories could put the building in the 750-800' range. the ren cen is detroit's tallest at 727' FYI.

    assuming most of the building is office space i think it would saturate the market, but at the cost of the suburban office markets, as the downtown market is allegedly nearing capacity in class a space. i think it would also eliminate any demand for some time as the ren cen did.

  5. #130

    Default

    It has been stated thus far that the tower would be residential and have 250 units. At 60 stories it will either increase the number of units or include some office component. I am hoping that it is an increase in residential and any future office development ends up at the Monroe Block on Campus Martius. As for flooding the market we need to remember that this thing wont be completed until 2020 and Gilbert knows how to bring companies downtown. The office market is getting close to need new Class A space, so I wouldn't be surprised if this building doesn't contain office space that something is proposed soon that does.

  6. #131

    Default

    Quote Originally Posted by hybridy View Post
    so 60 stories could put the building in the 750-800' range. the ren cen is detroit's tallest at 727' FYI.

    assuming most of the building is office space i think it would saturate the market, but at the cost of the suburban office markets, as the downtown market is allegedly nearing capacity in class a space. i think it would also eliminate any demand for some time as the ren cen did.

    From what has been floated around as far as building programming, it sounds like a mixture of commercial, office, and residential with a civic aspect to it (art museum, public space, etc.). I don't think we are going to be looking at a 40 story office building adding an enormous amount of office space downtown. Although interesting enough, I think it's been mentioned on here before that downtown is lacking in actual Class A office space.

  7. #132

    Default

    Okay then. Here's my building stack in no particular order. Parking is 10 floors, civic 5, apts 25, retail/restaurant 2-3 floors, and 18-20 floors is office.

Page 6 of 6 FirstFirst 1 2 3 4 5 6

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Instagram
BEST ONLINE FORUM FOR
DETROIT-BASED DISCUSSION
DetroitYES Awarded BEST OF DETROIT 2015 - Detroit MetroTimes - Best Online Forum for Detroit-based Discussion 2015

ENJOY DETROITYES?


AND HAVE ADS REMOVED DETAILS »





Welcome to DetroitYES! Kindly Consider Turning Off Your Ad BlockingX
DetroitYES! is a free service that relies on revenue from ad display [regrettably] and donations. We notice that you are using an ad-blocking program that prevents us from earning revenue during your visit.
Ads are REMOVED for Members who donate to DetroitYES! [You must be logged in for ads to disappear]
DONATE HERE »
And have Ads removed.