I'm looking forward to seeing what the new owner has in store for this mixed-use development. Hopefully we will see some 10-15 story buildings in the mix.
Ford sells prominent Dearborn office building; buyer envisions large mixed-use development

Mike Shehadi paid an undisclosed amount for the Regent Court property, which has 660,000 square feet at 16800 Executive Plaza Dr., in a deal that closed Wednesday. The building opened in 1990 and is currently vacant.


Shehadi, who is the CEO of Farmington Hills-based PharmaScript of Michigan, said he paid less than $20 million for the building.


He also owns about 34 acres of land, also purchased from Ford, behind the building.Regent Court could ultimately become a mix of office and residential space, although the precise programming has not yet been determined.


The land at 17775 Executive Plaza Dr., purchased in early February, would become about 200,000 square feet of multifamily residential space. Whether the undetermined number of units would be for rent or for sale, or a combination of both, has also not yet been determined.


Shehadi said he is working with Neumann/Smith Architecture to develop a more concrete vision for the property. He said he also has met with Dearborn's mayor on his vision.


It "sits on the most prime location in the whole entire city of Dearborn, Dearborn Heights and surrounding communities," Shehadi said.
https://www.crainsdetroit.com/real-e...ffice-building