The natural light that comes into the building, at least on the upper floors, would seem to make it a perfect candidate for hotel/residential conversion. Lots of opportunity for outdoor terrace space as well.
Wish Dan Gilbert could buy it. He would bring that building back to life
Once again, you need a reality check on current market conditions. I'm sure Dan could buy it pretty cheap right now. I'm also certain he has a lot empty space to lease in existing buildings, not even including the Ren Cen and Hudson Site.
Reality is had Bedrock purchased this building years ago it would had been fully renovated and probably 75% occupied. Not just crumbling due to the neglect of a slum owner whom just sitting on the property.
Obviously. That's not what you said though is it? Quote, "Wish Dan Gilbert could buy it."
It's an art deco classic!
Last edited by MichaelAnthonyVideos; February-05-25 at 11:18 PM.
It is for sale $70 million but not really because that’s about $50 million over value .
Considering they paid $5 million for it,that’s not a bad return.
Toronto-based Triple Group same ones that owned the Silverdome ,main guy that most were familiar with passed in 2021,family still owns it .
Apparently nobody watch the whole first video.... what the hell could cause the floor of the 45th floor to buckle up like that?? The guy was afraid to walk on it for fear of crashing thru the floor!!!![]()
How many palms were greased to keep the building and safety inspectors away
At 3:16 the door said 3800..3855. Wouldn't that be the 38th floor? The 45th was mentioned earlier.
At 3:49 herringbone flooring is visible. I'm guessing that when wooden herringbone flooring gets wet the wood expands to create that kind of buckling under a carpet. The subflooring might still be intact.
The next question would be what was the source of the water? An internal plumbing problem or external water? The former might involve just shutting a valve off. The latter could be a deeper structural problem.
Last edited by Jimaz; February-13-25 at 09:55 AM.
My recollection from a long ago exploration is that there were no hallway windows on 45 as it was completely surrounded by offices. Not until you got down a few floors did you get an outside view from the hallway. Guessing the floor structures are actually concrete and the buckling is just the wooden floor covering it.At 3:16 the door said 3800..3855. Wouldn't that be the 38th floor? The 45th was mentioned earlier.
At 3:49 herringbone flooring is visible. I'm guessing that when wooden herringbone flooring gets wet the wood expands to create that kind of buckling under a carpet. The subflooring might still be intact.
The next question would be what was the source of the water? An internal plumbing problem or external water? The former might involve just shutting a valve off. The latter could be a deeper structural problem.
I love the videos, thanks for posting them! The state of the building is a bit sad, though. I've always wondered if the original lobby still exists - was it just covered up or was it destroyed? Does anyone know? There is a picture of it on the HistoricDetroit site, though I've never seen any others. If it's still there, I'd love to see it renovated and open to the public one day.
The Penobscot Bldg. original lobby still exists. They put a ceiling above the first floor. Someone who works on the second floor says that the wall and ceiling are still there. So all they would have to do is remove the floor.
Photo: Detroit Free Press Archive...
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