Gilbert buys Stroh site next to Valade park on Detroit riverfront


Billionaire Dan Gilbert's real estate company has added 4.32 acres of Detroit riverfront land next to the Detroit Riverfront Conservancy's Robert C. Valade Park to its portfolio.

Deeds to the sale of the property, largely surface parking, at Atwater and Joseph Campau streets were recorded last month listing Gilbert affiliate Riverfront Acquisitions LLC as the buyer and members of the Stroh family as the seller.

Crain's estimates the purchase price at $7.15 million based on real estate transfer taxes paid, or roughly $1.66 million per acre.
he had negotiations with General Motors Co. on development of at least 10 acres of surface parking east of the RenCen, although those discussions have produced nothing tangible. He and the automaker also discussed a purchase of the RenCen, which also did not materialize.

In addition, Gilbert had been working on a deal for the 43-acre former Uniroyal Tire Co. factory site across from Belle Isle, but those negotiations fizzled at some point in the last couple years, Bridge Detroit reported in September 2020.
This is in addition to previous buys.
https://www.dbusiness.com/daily-news...the-stroh-cos/

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