  Thejesus Member Username: Thejesus Post Number: 3161 Registered: 06-2006 |
Birmingham sale may be record $38.2M price equals $378 per square foot A downtown Birmingham building developed by Burton-Katzman Development Co. has been sold for $38.2 million, a price real estate professionals have tagged as a record-setting sale based on price per square foot.  http://www.crainsdetroit.com/apps/pbcs.dll/article?AID=/20071224/SUB/712240315/legal/-/-/birmingham-sale-may-be-record | ||
Futurecity Member Username: Futurecity Post Number: 730 Registered: 05-2005 |
It's great that the record is set by a nicely-designed, zero-lot-line, urban building with proper first-floor retail. A building that anyone would be proud to have in their community. A good lesson for the idiot-developers of the region. Build something right and they will come. I can almost imagine a streetcar passing by the front of it...! | ||
Mackinaw Member Username: Mackinaw Post Number: 4218 Registered: 02-2005 |
Well said, Futurecity. Burton-Katzman came up with a killer plan for a 5-story building to be built on a parking lot on St. Clair Ave. above Kercheval in Grosse Pointe. I believe their plan lost out to another good (but not as ideal) plan for a 4-story neo-Tudor building that will be built there. | ||
Focusonthed Member Username: Focusonthed Post Number: 1553 Registered: 02-2006 |
Imagine that, our great-grandfathers might have been on to something. My corner, built 100 years ago (courtesy of Google Street View).  | ||
Jimaz Member Username: Jimaz Post Number: 4152 Registered: 12-2005 |
quote:Why is Google there instead of A2 and what does Google do there? | ||
Apbest Member Username: Apbest Post Number: 661 Registered: 03-2006 |
what corner is that? | ||
Focusonthed Member Username: Focusonthed Post Number: 1554 Registered: 02-2006 |
Apbest, that's Lincoln and Sunnyside in Chicago. | ||
Johnlodge Member Username: Johnlodge Post Number: 4342 Registered: 10-2003 |
"Why is Google there instead of A2 and what does Google do there?" Weren't they opening a cyber-cafe there on the ground floor? I believe they had moved to Bham from the Southfield Town Center. | ||
Thejesus Member Username: Thejesus Post Number: 3163 Registered: 06-2006 |
It's strange to think that this little 3 story building in downtown Birmingham sold for more than twice what the Guardian Building sold for even though the Guardian is over 7 times larger Guardian Building -750,000 sq/ft -$14,500,000 325 N. Old Woodward -101,000 sq/ft -$38,200,000 | ||
Pjazz Member Username: Pjazz Post Number: 104 Registered: 04-2005 |
Location Location Location. | ||
Thejesus Member Username: Thejesus Post Number: 3164 Registered: 06-2006 |
^Yep. It just really puts into perspective how bad the commercial RE market is in downtown Detroit. | ||
Ladyinabag Member Username: Ladyinabag Post Number: 334 Registered: 03-2007 |
Isn't that the old "Gap" building on the corner of Maple and Old Woodward? Birmingham is soooo bourgeois, new money. Boring. Let them spend all of that mockey, new money on an old building. Serves them right. | ||
Gnome Member Username: Gnome Post Number: 522 Registered: 08-2007 |
The building is on the corner of Willits and old woodward, where the Jacobson's Menswear store was located. I believe they did a three wall teardown of the building therefore actually qualifing as a re-hab and not new construction. Dear Lady, for one who has it all together, you seem rather bitter over the good fortune of those folks. Unless you are so 'old money' that you feel no one should compete with your elevated social status; I'd think you'd salute them for their vision in making a success out of what had been a retail failure. BTW the "gap" building is a Cosi. | ||
Thejesus Member Username: Thejesus Post Number: 3166 Registered: 06-2006 |
Re: the old money/new money distinction, I've never understood people like Ladyinabag who seem to think more favorably of people who are born into wealth than of people who worked to acquire it...I guess "old money" just doesn't impress me much | ||
Spacemonkey Member Username: Spacemonkey Post Number: 289 Registered: 03-2006 |
TheJesus, there's nothing to understand about that kind of attitude. It's simply sheer stupidity. | ||
Focusonthed Member Username: Focusonthed Post Number: 1555 Registered: 02-2006 |
Duh, people that inherit money are more worthy of praise than those that work for theirs. |
