 
Gistok
Member
Username: Gistok
Post Number: 5481
Registered: 08-2004
| | Posted on Tuesday, October 09, 2007 - 4:42 pm: |    |
OK, I just heard this yesterday from someone who works at MotorCity Casino... rumor is Mike Ilitch bought the Hotel Eddystone in Midtown.
As we already know, the Ilitch's have been buying property behind the Fox, as well as in Midtown.
Can anyone verify this one? Paging VERIFIABLE... |
Spiritofdetroit
Member
Username: Spiritofdetroit
Post Number: 640
Registered: 11-2006
| | Posted on Tuesday, October 09, 2007 - 6:22 pm: | |
wow.... no wonder the "renovation" has stopped on that building. I sure hope that doesnt get flattened for whatever Mr. I is up too |
Detroit_stylin
Member
Username: Detroit_stylin
Post Number: 5136
Registered: 10-2003
| | Posted on Tuesday, October 09, 2007 - 6:24 pm: | |
*cough*parking*cough* |
Patrick
Member
Username: Patrick
Post Number: 5034
Registered: 10-2003
| | Posted on Tuesday, October 09, 2007 - 6:49 pm: | |
*cough*Cheesecake Factory*cough lol j/k |
Ddaydave
Member
Username: Ddaydave
Post Number: 503
Registered: 04-2005
| | Posted on Tuesday, October 09, 2007 - 6:53 pm: | |
I've thought for a long time the new redwing stadium would end up in this area .
Mike Ilitch did the bait and switch when he was buying land for tiger stadium |
Southen
Member
Username: Southen
Post Number: 306
Registered: 08-2006
| | Posted on Tuesday, October 09, 2007 - 7:01 pm: | |
I dont think theres any way that building it being purchased to be torn down for parking. Look at its surroundings, its just gravel lots. |
Emu_steve
Member
Username: Emu_steve
Post Number: 475
Registered: 11-2006
| | Posted on Tuesday, October 09, 2007 - 7:03 pm: | |
Okay, I'll take the bait.
Ilitich will "consider" building an arena in midtown.
Ilitch is buying that property to put pressure on landowners behind the Fox who are holding out on him. |
Gistok
Member
Username: Gistok
Post Number: 5482
Registered: 08-2004
| | Posted on Tuesday, October 09, 2007 - 10:04 pm: | |
Emu_steve, I agree... those landowner holdouts behind the Fox have been trumped by Ilitch buying up land in Midtown.
Southen, I optimistically agree with you about the Eddystone. There's so much empty land south of that site, that hopefully it should not face the wreckers ball.
Although I would hate to see an arena along Woodward in Midtown, it wouldn't be that bad if it were built on land west of Park Ave. and north of the Fisher Service Dr. But I still prefer the empty site behind the Fox and west of Park Ave.
I also believe that with Ilitch owned MotorCity Casino anchoring the west end of Midtown (technically just outside its' border), and with Ilitch run Masonic on the north, that the Ilitch's are obviously extending their domain into Midtown proper. That can only be a plus for that desolate stretch of Midtown. |
Thejesus
Member
Username: Thejesus
Post Number: 2383
Registered: 06-2006
| | Posted on Friday, October 12, 2007 - 9:08 am: | |
bump |
Emu_steve
Member
Username: Emu_steve
Post Number: 478
Registered: 11-2006
| | Posted on Friday, October 12, 2007 - 10:12 am: | |
quote:
"I also believe that with Ilitch owned MotorCity Casino anchoring the west end of Midtown (technically just outside its' border), and with Ilitch run Masonic on the north, that the Ilitch's are obviously extending their domain into Midtown proper. That can only be a plus for that desolate stretch of Midtown."
Excellent observation.
We tend to presume that the Ilitches are 'landlocked' south of 75 with their properties but that need not be the case.
As Gistok mentions they have interests north of 75 as well and that might be where they are going with their thinking.
P.S. I think it would be great for Ilitch and Detroit if he had two viable options (behind the Fox and Midtown) for a new hockey arena. That would increase the probability that one would get built at either site. |
Verifiable
Member
Username: Verifiable
Post Number: 71
Registered: 05-2007
| | Posted on Friday, October 12, 2007 - 12:13 pm: | |
from a 10.14.05 newsletter published by DL&EG ... "Governor Announces Support to Revamp Historic Eddystone Hotel in Detroit: The historic Eddystone Hotel just north of I-75 in Detroit's Midtown area will be restored and redeveloped into new residential and retail space with the assistance of a brownfield Single Business Tax credit from the MEDC. The project is expected to generate more than $6.4 million in private investment and create 10 new full and part-time jobs. The developer, Eddystone Development LLC, will use a $641,000 brownfield Single Business Tax credit with its own investment of $6.4 million to transform the vacant building into 60 one-and two-bedroom loft-style condominiums and street-level commercial space accessible from Park Avenue. Prices of the condos will range from $140,000 to $195,000. The project will involve extensive interior and exterior alterations to preserve the 80-year-old hotel's historic character. The project will be assisted by city, county and state tax capture incentives valued at more than $1.1 million."
There is noting to suggest Ilitch is part of any Eddystone Development LLC or other "Eddystone" company.
A street address or likely street address would yield better research. Let me know. |
Verifiable
Member
Username: Verifiable
Post Number: 72
Registered: 05-2007
| | Posted on Friday, October 12, 2007 - 12:36 pm: | |
The tax bill for 2727 Park Ave., a property with title held by Eddystone Development LLC is sent to J E De Wald & Assoc 20520 Vernier Rd
Harper Woods, MI 48225 |
Verifiable
Member
Username: Verifiable
Post Number: 73
Registered: 05-2007
| | Posted on Friday, October 12, 2007 - 12:37 pm: | |
Ilitch agent John Kotlar is resident agent for an entity known as Cass Avenue LLC |
Gistok
Member
Username: Gistok
Post Number: 5503
Registered: 08-2004
| | Posted on Friday, October 12, 2007 - 3:16 pm: | |
Verifiable, the person who told me this rumor had never heard of the Eddystone, so I was intrigued by it. Based on your research, it appears to be just that, a rumor.
Thanks for checking! |
Emu_steve
Member
Username: Emu_steve
Post Number: 479
Registered: 11-2006
| | Posted on Friday, October 12, 2007 - 4:00 pm: | |
quote:
'There is noting to suggest Ilitch is part of any Eddystone Development LLC or other "Eddystone" company. '
My ? :
Is that plan, which is 2 years old, still viable?
Is it possible that the Eddystone/Ilitch rumor is false .and. that nothing is happening with the Eddystone? (kind of like the Eddystone is dead in the water). |
Rsa
Member
Username: Rsa
Post Number: 1288
Registered: 10-2003
| | Posted on Friday, October 12, 2007 - 4:16 pm: | |
last i heard (in spring) was that the same folks who did the carlton in brush park own and plan to renovate the eddystone. it was going to start this summer, but sales at the carlton have been sluggish. so they're waiting until sales improve there to start on the eddystone.
i would find it unlikely that these people would bail out of the eddystone so fast and sell to ilitch. but, that's just my impression. |
Mbr
Member
Username: Mbr
Post Number: 249
Registered: 03-2005
| | Posted on Friday, October 12, 2007 - 8:38 pm: | |
Can we step back and examine the basis for this thread:
"I just heard this yesterday from someone who works at MotorCity Casino"
Are we talking about someone who works in the head office who would have first hand information, or someone who deals cards and probably doesn't? |
Gistok
Member
Username: Gistok
Post Number: 5517
Registered: 08-2004
| | Posted on Sunday, October 14, 2007 - 1:08 pm: | |
Duh! You're getting information from anonymous people on an online forum... so why are you making a big deal about where this specific info came from?
Prior information I got from this same source...
1) That Marion Ilitch was going to buy out the MotorCity co-owners... got this tip 3 days before it was announced.
2) That Mike Ilitch was going to take over the bookings for Masonic... got this tip 2 days before it was announced.
3) That Mike Ilitch was buying up land in Midtown... again found this out earlier than this forum did. |
Apbest
Member
Username: Apbest
Post Number: 640
Registered: 03-2006
| | Posted on Sunday, October 14, 2007 - 5:03 pm: | |
want a medal or something? |
Dds
Member
Username: Dds
Post Number: 397
Registered: 10-2006
| | Posted on Sunday, October 14, 2007 - 5:56 pm: | |
I do believe a cookie is in order. And some milk, too. |
Billk
Member
Username: Billk
Post Number: 128
Registered: 09-2005
| | Posted on Monday, October 15, 2007 - 1:10 pm: | |
The last time i went by there, it looked pretty trashed and open to the elements. If it were to be boarded up, or a fence go up around it, perhaps that would be an indication of a change in ownership. |
Gistok
Member
Username: Gistok
Post Number: 5523
Registered: 08-2004
| | Posted on Monday, October 15, 2007 - 1:29 pm: | |
... how about some cheese to go with your whine...
Billk, maybe that's why some thought Ilitch now owns it... "trashed and open to the elements"... it's their modus operandi! |
Billk
Member
Username: Billk
Post Number: 132
Registered: 09-2005
| | Posted on Monday, October 15, 2007 - 1:39 pm: | |
Well, they put a fence around the moose hall, and last week installed pedestrian scaffolding around the, um, that building on Park Ave. (Fine Arts?) |
Jt1
Member
Username: Jt1
Post Number: 10483
Registered: 10-2003
| | Posted on Monday, October 15, 2007 - 1:41 pm: | |
Who owns the Salvation Army building? Looks like someone was inside dumping everything out of the windows (mattresses, chairs, garbage, etc) |
Dds
Member
Username: Dds
Post Number: 398
Registered: 10-2006
| | Posted on Monday, October 15, 2007 - 1:57 pm: | |
quote:... how about some cheese to go with your whine...
Billk, maybe that's why some thought Ilitch now owns it... "trashed and open to the elements"... it's their modus operandi!
Well, I hope no one was planning on going on any tours of Ilitch owned property. The posting rudeness of some of the people here have probably put a damper on that now. |
Jt1
Member
Username: Jt1
Post Number: 10487
Registered: 10-2003
| | Posted on Monday, October 15, 2007 - 2:01 pm: | |
People have been going on 'tours' of his properties for years. He doesn't see to care. |
Detroit_stylin
Member
Username: Detroit_stylin
Post Number: 5159
Registered: 10-2003
| | Posted on Monday, October 15, 2007 - 11:04 pm: | |
It could be some what credible that something is going on over there since they salvation army shelter that was in operation that as early as late last year is now also empty and open to the elements... |
Rhymeswithrawk
Member
Username: Rhymeswithrawk
Post Number: 957
Registered: 11-2005
| | Posted on Wednesday, October 17, 2007 - 5:36 am: | |
last i heard (in spring) was that the same folks who did the carlton in brush park own and plan to renovate the eddystone. it was going to start this summer, but sales at the carlton have been sluggish. so they're waiting until sales improve there to start on the eddystone.
i would find it unlikely that these people would bail out of the eddystone so fast and sell to ilitch. but, that's just my impression.
Keep in mind that the Carlton folks also own the other abandoned, blighted buildings around it. Or at least, that's what my ex-girlfriend who lives there told me. She said there have been plans to renovate them but no work has started yet. Wouldn't the developers spruce up the apartments adjacent to the Carlton before biting off another insanely expensive project?
People have been going on 'tours' of his properties for years. He doesn't see to care.
And if he's just going to tear it down, why would he care? Anyone have the G.A.R. Building in the ghoul pool? Obviously the Moose Lodge is next on his hit list, but the lack of any progress since he bought the G.A.R. seems like his m.o. |
Rsa
Member
Username: Rsa
Post Number: 1289
Registered: 10-2003
| | Posted on Wednesday, October 17, 2007 - 10:09 am: | |
he (the developer of the carlton) owns one building north of the carlton, next to the lamar building, which work is starting on right now (or has already started). that's the last of the entire block that he has left to renovate (the other three already completed). |
Jt1
Member
Username: Jt1
Post Number: 10513
Registered: 10-2003
| | Posted on Wednesday, October 17, 2007 - 11:33 am: | |
RSA - The work has already started. It is gutted down to the shell. |