Quote Originally Posted by softailrider View Post
Fantastic exterior, not sure you could recreate that today with any amount of money.

With the condo market still dead, that building in that location doesn't seem viable to me. Unless somebody could dream up some elaborate tax dodge or something like that. Sadly I can't see the value in a rehab.
The condo market in Midtown isn’t exactly dead.
"About 92% of Midtown's 4,300 rental units are occupied, according to the UCCA."
http://www.freep.com/apps/pbcs.dll/article?AID=/20110109/NEWS01/101090450/Detroit-s-profile-grows-as-investors-young-professionals-return-to-city&template=fullarticle
The El Moore is less than a half-mile from the DMC and about one-half mile from the WSU main campus.
　
　
Please refer to this thread for further discussion on the incentives to live in Midtown.
http://www.detroityes.com/mb/showthread.php?8534-Live-Midtown-New-incentives-to-draw-residents-to-Midtown
　
　
And, like Jon said, the Green Garage folks will do a wonderful job.