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Archive through November 11, 2008Detroitrise30 11-11-08  12:16 pm
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Iheartthed
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Post Number: 3601
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Posted on Tuesday, November 11, 2008 - 12:33 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

We're not talking about all of Quicken's offices. We're talking about the headquarters. That is what is moving from Livonia to Detroit.
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Higgs1634
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Post Number: 751
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Posted on Tuesday, November 11, 2008 - 12:42 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

quote:

That is what is moving from Livonia to Detroit.



...maybe...
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Spiritofdetroit
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Post Number: 1241
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Posted on Tuesday, November 11, 2008 - 12:54 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

There has been some activity at the 1001 Woodward Building recently
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Tkelly1986
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Posted on Tuesday, November 11, 2008 - 1:03 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

What ever happened to Bank of America looking at moving its regional HQ downtown? I assume that is dead as well?
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Gencinjay
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Posted on Tuesday, November 11, 2008 - 1:37 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

There has also been a real estate broker associated with 1001 calling around about parking because their garage doesn't have the necessary space.
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W_chicago
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Post Number: 57
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Posted on Tuesday, November 11, 2008 - 1:51 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Building a low-rise building like 2 - 3 stories on the Hudson's or Slater sight is a bad idea, I think. I'd personally rather see it empty. There are countless other lots around the city were a shorter building will be perfect. What about midtown? Most buildings are 2-5 stories, with a few as tall as 10-15.

I like the idea of Quicken moving into an existing building Downtown. This at least avoids the risk of not getting the workers Downtown, which will help storefront business, and might even sell a few housing units. And plus, the occupancy rate will go up. Then once Quicken decides they want a new, and bigger office they can start the new build, one that is 15-40+ stories tall.
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Iheartthed
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Username: Iheartthed

Post Number: 3602
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Posted on Tuesday, November 11, 2008 - 2:04 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

I like the idea of them going into 1001 Woodward. A move to there might help them sell some more units in the Book Cadillac too, since they are only a block or two away from each other.

quote:

What ever happened to Bank of America looking at moving its regional HQ downtown? I assume that is dead as well?



Did B of A ever confirm that speculation? I don't remember them ever making a public statement about it. If they can find the space and get out of whatever agreement they have in Troy (and they actually want to make the move), then I don't see why they couldn't pull it off. They aren't hurting for money like everyone else...
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Detroitrise
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Post Number: 3913
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Posted on Tuesday, November 11, 2008 - 3:09 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

quote:

Did B of A ever confirm that speculation? I don't remember them ever making a public statement about it. If they can find the space and get out of whatever agreement they have in Troy (and they actually want to make the move), then I don't see why they couldn't pull it off. They aren't hurting for money like everyone else...



They never did commit, it was all a pie in the sky.

Although, it would be nice if they moved downtown. :-)
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Detroitrise
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Username: Detroitrise

Post Number: 3914
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Posted on Tuesday, November 11, 2008 - 3:13 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

quote:

We're not talking about all of Quicken's offices. We're talking about the headquarters.



Well I distinctively remember Quicken saying they would consolidate ALL of their Michigan (Metro Detroit) offices downtown.

Maybe I heard/read wrong...
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Detroitrise
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Post Number: 3915
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Posted on Tuesday, November 11, 2008 - 3:15 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

quote:

There has also been a real estate broker associated with 1001 calling around about parking because their garage doesn't have the necessary space.



PLEASE! I can name 5 huge garages (not including the Griswold) within walking distance from teh 1001. Parking is hardly a problem, but laziness is. Normal people in normal big cities park elsewhere & walk to their destination.
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Spiritofdetroit
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Post Number: 1242
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Posted on Tuesday, November 11, 2008 - 3:20 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

It still requires the building owner to find that parking and lease it for employees. Duh.
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Deandub11
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Post Number: 291
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Posted on Tuesday, November 11, 2008 - 3:36 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Actually I heard just recently rumblings from a Detroit Developer/Investor that they were aware of B of A looking for a building in Detroit to put their headquarters.

All rumors and speculation, but I still thought that I'd share.

www.DetroitArmy.com
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Cinderpath
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Username: Cinderpath

Post Number: 888
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Posted on Tuesday, November 11, 2008 - 3:58 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

They can't do it on a 5-Year ARM with zero down? What's the problem, let the tax payers pick up the difference.
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401don
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Username: 401don

Post Number: 854
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Posted on Tuesday, November 11, 2008 - 4:26 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

1001 Woodward would make the most sense as far as impacting downtown Woodward. It might even lead to development of the Lafayette more quickly. I would hate to see them disappear into Comerica.
Isn't the Chase building occupied? Is it large enough?
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Rbdetsport
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Username: Rbdetsport

Post Number: 530
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Posted on Tuesday, November 11, 2008 - 4:34 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

What happened to Detroit 2.0? The "SLAM dunk plan" and the "tipping point"? What happened to developing both sites, which was said just this past june? What happened to all of these broken promises? This is so disappointing... I better be amazed in January or I will not even be happy.
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Glowblue
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Username: Glowblue

Post Number: 12
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Posted on Tuesday, November 11, 2008 - 5:36 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

^Have you watched the news at all the past few months? The world economy is in a severe recession right now, or will be soon. Nobody anywhere is looking to develop new hi-rises now. I wouldn't expect any substantial private development in Detroit or anywhere else until the economy turns around, which may not be until 2010. Be patient
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Sean_of_detroit
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Username: Sean_of_detroit

Post Number: 2171
Registered: 03-2008
Posted on Tuesday, November 11, 2008 - 6:55 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Even in this economy, Quicken Loans is putting their confidence in Detroit. That is huge.

As to the new vs. used debate;

Having little or no vacant space when the economy improves and demand begins to rise, is how you get set-up for a skyscraper boom, right?

(Message edited by Sean_of_Detroit on November 11, 2008)
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Glowblue
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Post Number: 13
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Posted on Tuesday, November 11, 2008 - 6:59 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

^yup, but it will take a lot more than Quicken to fill up all of Detroit's vacant office space, especially if GM cuts back at the Ren Cen, which it probably will.
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Sean_of_detroit
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Username: Sean_of_detroit

Post Number: 2173
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Posted on Tuesday, November 11, 2008 - 7:15 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

LOL!

Well you just had to bring up GM, didn't you?

Yes, it will take much more, but it's a start. We're still waiting to see what other companies follow Quicken's move. In all honesty, I'm surprised we haven't seen more businesses falter. If only GM can pull through... we might just be okay? I guess we'll find out soon enough. :-) ---> :-(....---> :-) It's all attitude. In time we'll get through this one.
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Glowblue
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Post Number: 14
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Posted on Tuesday, November 11, 2008 - 7:25 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

^Well, I think it's becoming apparent that the Big Three will be getting some kind of bailout from Washington, but I don't see GM's bloated management bureaucracy coming out of such a deal unscathed. While I greatly doubt the Ren Cen will be completely abandoned, I'd be surprised if it still has 97% occupancy in a couple years.
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Detroitrise
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Username: Detroitrise

Post Number: 3916
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Posted on Tuesday, November 11, 2008 - 7:40 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

quote:

Nobody anywhere is looking to develop new hi-rises now.



I suppose those new hi-rises in NYC & Chicago (not including the Spire or twin towers) and the Hotel in Dubai are chopped liver. :-)
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Glowblue
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Post Number: 15
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Posted on Tuesday, November 11, 2008 - 9:46 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

^Those were all started (and secured funding) before the economic meltdown.

(Message edited by Glowblue on November 11, 2008)
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Lefty2
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Username: Lefty2

Post Number: 2833
Registered: 07-2007
Posted on Tuesday, November 11, 2008 - 11:02 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Registeredguest is pretty correct. Business will make a business decision. If the city keeps doing what they are doing, they are going to keep getting what they got. Like Kwame not caring about thugs running the outlying hoods.
Socialist attitudes and policies don't work when trying to attract business people.
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Lmichigan
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Username: Lmichigan

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Posted on Wednesday, November 12, 2008 - 12:41 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Considering that I thought the project was on hold, indefinitely, despite what was being said, this is good news, to me. To want to move anywhere in this local economy and into the storm, no less, is quite something. I hope the rumors are true that Gilbert is still shopping around, if even a less ambitious move for the time being.
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Gencinjay
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Username: Gencinjay

Post Number: 75
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Posted on Wednesday, November 12, 2008 - 10:01 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

"PLEASE! I can name 5 huge garages (not including the Griswold) within walking distance from teh 1001. Parking is hardly a problem, but laziness is. Normal people in normal big cities park elsewhere & walk to their destination."

I didn't say there wasn't any parking for them, just not enough in their own garage. There is a glut of parking in that area, but a tenant moving into an existing building will need to plan out where to park before they make the move.

That being said, Detroit hasn't been a "normal" city in a long time. People expect to be able to park right next door for little or no money.

I would hope for a 1001 move as well. The Chase Tower wouldn't be bad either, but space was my first question also. I know they have tenants in there but I have no clue how many. I would also think that Quicken would want a building they can brand. That would be tough to do in the Chase or Comerica Towers. 1001 can easily become the Quicken Tower.
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Iheartthed
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Username: Iheartthed

Post Number: 3609
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Posted on Wednesday, November 12, 2008 - 11:28 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

quote:

I suppose those new hi-rises in NYC & Chicago (not including the Spire or twin towers) and the Hotel in Dubai are chopped liver.



Well, yes. There has been a lot of anxiety here about the recent building boom over-saturating the market. Apartment rental prices in Manhattan fell for the first time in years. There are a lot of new build condos that are planning to go rental instead because they can't sell the units.

On the commercial real-estate front, many companies are backing out of agreements in hopes of benefiting from a softening market. The most recent case that comes to mind is HSBC backing out of plans to relocate to the WTC complex from Midtown Manhattan.
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Detroitrise
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Username: Detroitrise

Post Number: 3917
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Posted on Wednesday, November 12, 2008 - 2:38 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

quote:

The Chase Tower wouldn't be bad either, but space was my first question also. I know they have tenants in there but I have no clue how many.



Last I heard, Chase was trying to lease out some space in the building.

Workers only occupy the first couple of floors, but don't quote me on this.
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Spiritofdetroit
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Username: Spiritofdetroit

Post Number: 1243
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Posted on Wednesday, November 12, 2008 - 2:40 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

I think the only people that quote you belong to that "other site"
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Gencinjay
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Post Number: 76
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Posted on Wednesday, November 12, 2008 - 2:45 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Isn't the Mexican Consulate in the Chase Tower too?
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Sean_of_detroit
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Username: Sean_of_detroit

Post Number: 2179
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Posted on Wednesday, November 12, 2008 - 8:32 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Spiritofdetroit, what did that have to do with this topic?
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Spiritofdetroit
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Username: Spiritofdetroit

Post Number: 1246
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Posted on Wednesday, November 12, 2008 - 8:37 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

the suggestion that anyone might quote as fact anything that urbanize stated seemed a bit ridiculous. thats all.
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Detroitrise
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Post Number: 3920
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Posted on Wednesday, November 12, 2008 - 8:40 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

quote:

Spiritofdetroit, what did that have to do with this topic?





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