Tetsua Member Username: Tetsua
Post Number: 1265 Registered: 01-2004
| Posted on Tuesday, July 17, 2007 - 11:52 pm: | |
This is a site for the building that recently got tagged. Occupancy by 2008 http://www.twelve-25.com/ |
Jt1 Member Username: Jt1
Post Number: 9601 Registered: 10-2003
| Posted on Wednesday, July 18, 2007 - 12:04 am: | |
I can't wait for the day that I find one of those worthless piece of garbages tagging something. Low life pieces of garbage. |
Apbest Member Username: Apbest
Post Number: 585 Registered: 03-2006
| Posted on Wednesday, July 18, 2007 - 12:46 am: | |
wow that is a great surprise...modeld dropped the ball this week on this |
Irish_mafia Member Username: Irish_mafia
Post Number: 955 Registered: 10-2003
| Posted on Wednesday, July 18, 2007 - 8:55 am: | |
Now that is an excellent website! |
Genesyxx Member Username: Genesyxx
Post Number: 768 Registered: 02-2004
| Posted on Wednesday, July 18, 2007 - 9:01 am: | |
This is looking real nice. Wouldn't mind staying here, but for 190K and up? Geeeezzz (Message edited by Genesyxx on July 18, 2007) |
E_hemingway Member Username: E_hemingway
Post Number: 1253 Registered: 11-2004
| Posted on Wednesday, July 18, 2007 - 10:18 am: | |
Nice web site but it's not visible with Firefox. Disappointing. And yeah, the starting price is a little steep. The closer that price is to $150,000 the quicker those units will sell. |
Chris_rohn Member Username: Chris_rohn
Post Number: 298 Registered: 04-2005
| Posted on Wednesday, July 18, 2007 - 10:45 am: | |
I just looked at it with Firefox. Do you have flash installed? |
Deandub11 Member Username: Deandub11
Post Number: 120 Registered: 05-2006
| Posted on Wednesday, July 18, 2007 - 10:46 am: | |
yea am i missing something? I cant access the site, I just get the campus martius montage and then a picture of the building |
Wordonthestreet Member Username: Wordonthestreet
Post Number: 149 Registered: 11-2003
| Posted on Wednesday, July 18, 2007 - 10:47 am: | |
Scroll up on your screen... The menu bar is at the very top. |
Defendbrooklyn Member Username: Defendbrooklyn
Post Number: 315 Registered: 11-2005
| Posted on Wednesday, July 18, 2007 - 10:53 am: | |
Nice lofts for too much money...what are they thinking...I thought they were trying to attract people to the city? Monthly breakdown mortgage $1,500 property tax $250 Association fee? if so around $150 $1900 a month just to live...Why not move to NYC? |
Upinottawa Member Username: Upinottawa
Post Number: 904 Registered: 09-2005
| Posted on Wednesday, July 18, 2007 - 10:57 am: | |
$1900/m for a condo taxes and fee in -- that is a steal in most cities. |
Thejesus Member Username: Thejesus
Post Number: 1635 Registered: 06-2006
| Posted on Wednesday, July 18, 2007 - 11:01 am: | |
Hey Southen... If you see this thread, how'd your hart plaza image end up in that one pic of the bedroom? |
Beatsworking Member Username: Beatsworking
Post Number: 80 Registered: 08-2004
| Posted on Wednesday, July 18, 2007 - 11:19 am: | |
Wow, I thought the pricing was pretty reasonable for such a prominent location. Maybe a little high for only around 800 sq. feet, but not ridiculous. $1500 a month mortgage payment?.. I pay nearly half that on a $170,000 property and my down payment was not huge. If downtown continues to improve, that location could easily be worth double that asking price in 5-10 years, IMHO. (Message edited by beatsworking on July 18, 2007) |
Thejesus Member Username: Thejesus
Post Number: 1636 Registered: 06-2006
| Posted on Wednesday, July 18, 2007 - 11:31 am: | |
I think Defendbrooklyn was assuming subprime rates or something, because a $190k mortgage should be around $1100-1200... you'd need an interest rate around 9% to get a $1500 payment... not that factoring in subprime rates is wrong considering that we're talking about Detroit here, but those aren't the rates that most people would get... (Message edited by thejesus on July 18, 2007) |
Atperry Member Username: Atperry
Post Number: 261 Registered: 12-2004
| Posted on Wednesday, July 18, 2007 - 11:39 am: | |
Is this the building that just got spray-painted? |
Quozl Member Username: Quozl
Post Number: 958 Registered: 07-2005
| Posted on Wednesday, July 18, 2007 - 11:40 am: | |
quote:If you see this thread, how'd your hart plaza image end up in that one pic of the bedroom? Great catch Thejesus!
http://www.flickr.com/photos/southen/171657855/in/set-72057594058185186/ |
Kid_dynamite Member Username: Kid_dynamite
Post Number: 135 Registered: 06-2007
| Posted on Wednesday, July 18, 2007 - 11:42 am: | |
slightly higher than 1200, Thejesus, but not much. |
Iheartthed Member Username: Iheartthed
Post Number: 1173 Registered: 04-2006
| Posted on Wednesday, July 18, 2007 - 11:42 am: | |
Wow. Lawsuit? |
Thejesus Member Username: Thejesus
Post Number: 1637 Registered: 06-2006
| Posted on Wednesday, July 18, 2007 - 11:47 am: | |
^I'm guessing that Kraemer bought the rights to use the image...I don't think they'd steal his image... |
Thejesus Member Username: Thejesus
Post Number: 1638 Registered: 06-2006
| Posted on Wednesday, July 18, 2007 - 11:49 am: | |
Kid_dynamite: It all depends on the interest rate...I was assuming a rate between 6-7% on a 30-year, which puts the monthly payment just below or just over the $1200 mark |
Iheartthed Member Username: Iheartthed
Post Number: 1174 Registered: 04-2006
| Posted on Wednesday, July 18, 2007 - 11:53 am: | |
Maybe. I'm curious, actually... |
Kid_dynamite Member Username: Kid_dynamite
Post Number: 136 Registered: 06-2007
| Posted on Wednesday, July 18, 2007 - 11:54 am: | |
You're somewhat right. Thats what I do, and thats what I calculated. A zero point rate for someone with good credit and no money down would put a 30 year P+I around 7..and then there would be PMI, which would add to that payment you are probably not figuring in. (Message edited by kid dynamite on July 18, 2007) |
Dougw Member Username: Dougw
Post Number: 1799 Registered: 11-2003
| Posted on Wednesday, July 18, 2007 - 12:18 pm: | |
quote:Is this the building that just got spray-painted? Yes. See the first two posts of this thread. It "just" got tagged about 2 months ago. See this thread: https://www.atdetroit.net/forum/mes sages/91697/102986.html And last I checked (last weekend, I think), the spray-paint was still there, no cleanup. It might be worth sending an email to the folks at http://www.twelve-25.com/ that people might be more interested in purchasing condos if they didn't leave giant spray-painted graffiti on the front of their building for months on end. That's the only major graffiti facing lower Woodward that I know of. |
Thejesus Member Username: Thejesus
Post Number: 1639 Registered: 06-2006
| Posted on Wednesday, July 18, 2007 - 12:27 pm: | |
Archy: Thanks for the info...the image belongs to another DYes poster who hasn't posted in this thread yet...hopefully he'll see your message and contact you if he wants to... |
Charlottepaul Member Username: Charlottepaul
Post Number: 1330 Registered: 10-2006
| Posted on Wednesday, July 18, 2007 - 12:34 pm: | |
Love that the unit names are named after Detroit businesses! |
Archy Member Username: Archy
Post Number: 44 Registered: 07-2004
| Posted on Wednesday, July 18, 2007 - 12:45 pm: | |
thx...I found the original thread that the picture was posted on. |
Toolbox Member Username: Toolbox
Post Number: 1093 Registered: 10-2003
| Posted on Wednesday, July 18, 2007 - 1:03 pm: | |
Where is the dedicated parking for this building? |
E_hemingway Member Username: E_hemingway
Post Number: 1256 Registered: 11-2004
| Posted on Wednesday, July 18, 2007 - 1:53 pm: | |
Ahhh... The ugly question no wants to ask but is key to making the development go forward. Didn't another small group of developers, similar to the Vinton people, try to rehab this building a few years ago but couldn't because the basement wasn't big enough to facilitate adequate parking for it? |
Ndavies Member Username: Ndavies
Post Number: 2700 Registered: 10-2003
| Posted on Wednesday, July 18, 2007 - 1:59 pm: | |
Toolbox, I would hold your judgement until the project actually starts to sell. We'll see how many buyers there are for a property that only has offsite valet parking. |
Spidergirl Member Username: Spidergirl
Post Number: 293 Registered: 12-2004
| Posted on Wednesday, July 18, 2007 - 2:07 pm: | |
Even if there isn't dedicated parking, the 1001 garage is half a block away at Gratiot and the Premier garage is across the street. Do you really think parking is an issue here?? |
E_hemingway Member Username: E_hemingway
Post Number: 1257 Registered: 11-2004
| Posted on Wednesday, July 18, 2007 - 2:21 pm: | |
Right now it doesn't matter what we think. It matters what the lenders think. But it would be a huge step forward for Metro Detroit if a bank decided to finance a local project that didn't have attached parking. I'm not holding my breathe waiting for that one though. |
Rsa Member Username: Rsa
Post Number: 1170 Registered: 10-2003
| Posted on Wednesday, July 18, 2007 - 2:26 pm: | |
the website calls out that dedicated parking is included in the price. i think the big questions is where is that parking. |
Iheartthed Member Username: Iheartthed
Post Number: 1176 Registered: 04-2006
| Posted on Wednesday, July 18, 2007 - 2:38 pm: | |
Does anyone know if Detroit has any ordinances limiting the amount of parking per building? |
Rsa Member Username: Rsa
Post Number: 1171 Registered: 10-2003
| Posted on Wednesday, July 18, 2007 - 2:42 pm: | |
not limiting parking, no. there are codes in place, however, that limit heights, setbacks, etc. which ultimately limit the number of spaces you can fit in a building. corresponding to zoning, of course. |
Adamjab19 Member Username: Adamjab19
Post Number: 796 Registered: 11-2003
| Posted on Wednesday, July 18, 2007 - 3:27 pm: | |
I would think parking would be in the Compuware underground garage? |
Southen Member Username: Southen
Post Number: 240 Registered: 08-2006
| Posted on Thursday, July 19, 2007 - 12:09 am: | |
Thank you everyone for making it known and noticing that one of my photographs was in the rendering. Its flattering both the use and recognition, but permission wasnt granted for its use and KDG was kind enough to email me to try to fix the issue. Hopefull the situation will get resolved. Thanks again. btw the development looks like a real winner and it will be nice to see another building on Woodward rehabilitated. |
Apbest Member Username: Apbest
Post Number: 588 Registered: 03-2006
| Posted on Thursday, July 19, 2007 - 12:15 am: | |
that's surprising Southen that a professional entity would do that without contacting you. If anything I could see the parking in the 1001 garage |
Adm70 Member Username: Adm70
Post Number: 10 Registered: 11-2005
| Posted on Thursday, July 19, 2007 - 3:15 am: | |
$1900 is a steal for ownership! I live in Orange County, California and the condos in my neighborhood are going for $950k for 800 sq ft AND the salary is not adjusted here like so many people think! The problem here is foreign investment and flippers. Our wages are still the same as the rest of America from what I can tell (and I just had to hire some people, so I know the salary stats!). PLUS we have HIGH taxes, including SDI, which MI does not have (and the prop tax on the homes across the street from me are around $20k/year based on a real estate search I did last week)! The grass is greener in Michigan - trust me! I'd move back to Detroit in a heartbeat if I could make a living there, but I would have trouble finding the same level of employment there as I have here. My job is why I left in the first place (it was moved out of state). (Message edited by adm70 on July 19, 2007) |
Dougw Member Username: Dougw
Post Number: 1810 Registered: 11-2003
| Posted on Saturday, July 21, 2007 - 10:38 pm: | |
Here's a picture I took of 1225 Woodward yesterday...
|
Apbest Member Username: Apbest
Post Number: 594 Registered: 03-2006
| Posted on Monday, July 30, 2007 - 3:39 pm: | |
http://modeldmedia.com/develop mentnews/twelve2510407.aspx looks they have some progress on a commercial tenant...wonder who it is |
Crew Member Username: Crew
Post Number: 1338 Registered: 02-2004
| Posted on Monday, July 30, 2007 - 3:41 pm: | |
Apbest, I like how the ModelD article is dated tomorrow, July 31, 2007. |
Woodward Member Username: Woodward
Post Number: 26 Registered: 02-2006
| Posted on Tuesday, August 07, 2007 - 10:20 am: | |
The Chezcore folks showed up at the Fowler building today. Looks like first order of business was painting over/removing the graffiti! |
Downtown_dave Member Username: Downtown_dave
Post Number: 151 Registered: 07-2005
| Posted on Tuesday, August 07, 2007 - 12:54 pm: | |
The graffiti is gone - looks much better! |
Hybridy Member Username: Hybridy
Post Number: 128 Registered: 08-2006
| Posted on Tuesday, August 07, 2007 - 5:41 pm: | |
does anyone know if Kraemer has ever hired architectural interns or recent grads? i love the work they do and am aching to get in there. |
Charlottepaul Member Username: Charlottepaul
Post Number: 1467 Registered: 10-2006
| Posted on Saturday, August 18, 2007 - 11:17 pm: | |
Yes. Some students from the U of M work there. |