...oh and did we mention that includes a 5 story parking deck. Presenting he lovely Riker Building in downtown Pontiac.
Kirk Pinho of Crain's reports that it sold for that amount. Okay it has 20% occupancy and certainly other issues but, OMG, it is gorgeous. Imagine what it would cost to build something of that quality and detail.
http://www.crainsdetroit.com/article...lls-for-830000The Riker was one of the buildings targeted for millions of dollars of investment in the Indian Hill project planned for downtown.
The project plans, which I reported about 18 months ago, called for the Riker to be turned into a boutique hotel or mixed-use development with a significant multifamily component following $2.5 million to $4.8 million in investment.
Bookmarks