http://www.crainsdetroit.com/real-es...-park-building


-Delmar Apartments is a 5 story mixed used apartment/commercial building built in 1925 on West McNichols in the Palmer Park Apartments District

-It is in major disrepair, the roof is caved in

-Shelbourne Development's president owns the building. Shelbourne Development has restored 6 apartment buildings in the district for a total of $70 million in investment

-A Demolition sign was taped to the building in August, but the city has not issued a demolition permit and sent correspondence recently indicating it is giving the developer more time to try to bring back the structure.

-Makino intends to redevelop the Delmar and nearby Merton Manor in a combined $8 million, 48-unit senior housing project with retail called Unity Square.

-"Keeping the project focused on senior housing has added difficulty, Makino said, as has its proximity to a methadone clinic, New Light Recovery Center"

What do you guys think? Is this building too far gone? Any resources or advice for obtaining the funds to renovate the building. Maybe crowdfunding?