Discuss Detroit Archives - Beginning January 2006 David Stott Building Previous Next
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Kraemerdesigngroup
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Username: Kraemerdesigngroup

Post Number: 13
Registered: 10-2005
Posted From: 63.242.134.66
Posted on Tuesday, December 13, 2005 - 9:25 am: Edit PostDelete PostMove Post (Moderator/Admin Only)

Anyone have floor plan information on the David Stott Building?
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Slows
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Username: Slows

Post Number: 94
Registered: 01-2005
Posted From: 68.250.202.236
Posted on Tuesday, December 13, 2005 - 10:44 am: Edit PostDelete PostMove Post (Moderator/Admin Only)

why do you ask?
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Merchantgander
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Username: Merchantgander

Post Number: 1384
Registered: 01-2005
Posted From: 150.198.150.245
Posted on Tuesday, December 13, 2005 - 10:53 am: Edit PostDelete PostMove Post (Moderator/Admin Only)

why do you ask?
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Detroitduo
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Username: Detroitduo

Post Number: 372
Registered: 06-2005
Posted From: 194.138.39.55
Posted on Tuesday, December 13, 2005 - 10:58 am: Edit PostDelete PostMove Post (Moderator/Admin Only)

why do you ask?
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Llyn
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Username: Llyn

Post Number: 1281
Registered: 06-2004
Posted From: 68.61.197.206
Posted on Tuesday, December 13, 2005 - 11:15 am: Edit PostDelete PostMove Post (Moderator/Admin Only)

why do you ask?
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Slows
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Username: Slows

Post Number: 95
Registered: 01-2005
Posted From: 68.250.202.236
Posted on Tuesday, December 13, 2005 - 11:16 am: Edit PostDelete PostMove Post (Moderator/Admin Only)

echo echo echo
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Machoken
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Username: Machoken

Post Number: 1077
Registered: 10-2003
Posted From: 65.86.12.2
Posted on Tuesday, December 13, 2005 - 11:18 am: Edit PostDelete PostMove Post (Moderator/Admin Only)

Hello! Hello! Hello!
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Bvos
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Username: Bvos

Post Number: 1138
Registered: 10-2003
Posted From: 66.238.170.39
Posted on Tuesday, December 13, 2005 - 11:25 am: Edit PostDelete PostMove Post (Moderator/Admin Only)

Any body out there, there, there?
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Goat
Member
Username: Goat

Post Number: 7880
Registered: 10-2003
Posted From: 64.228.197.253
Posted on Tuesday, December 13, 2005 - 11:27 am: Edit PostDelete PostMove Post (Moderator/Admin Only)

Wow! Pretty childish. The person asks a legitimate quetion and he/she gets the typical arrogant forum response.
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Machoken
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Username: Machoken

Post Number: 1078
Registered: 10-2003
Posted From: 65.86.12.2
Posted on Tuesday, December 13, 2005 - 11:30 am: Edit PostDelete PostMove Post (Moderator/Admin Only)

Wow! Pretty hateful. People are just having a little fun and we get the typical devisive forum attacks.
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Hamtramck_steve
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Username: Hamtramck_steve

Post Number: 2580
Registered: 10-2003
Posted From: 136.181.195.17
Posted on Tuesday, December 13, 2005 - 11:31 am: Edit PostDelete PostMove Post (Moderator/Admin Only)

Aw, Dad, c'mon! We're only trying to have some fun. Why do you have to go and wreck it?
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1953
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Username: 1953

Post Number: 627
Registered: 12-2004
Posted From: 209.104.146.146
Posted on Tuesday, December 13, 2005 - 11:31 am: Edit PostDelete PostMove Post (Moderator/Admin Only)

Could be a terrorist.

(Message edited by 1953 on December 13, 2005)
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Goat
Member
Username: Goat

Post Number: 7881
Registered: 10-2003
Posted From: 64.228.197.253
Posted on Tuesday, December 13, 2005 - 11:44 am: Edit PostDelete PostMove Post (Moderator/Admin Only)

No attacks here Machoken. Read the thread again. A developer/designer (who is not on this forum much) asks a legit question and 8 posts later he/she is still getting ridiculous comments. Whatever happened to the knowledge, inside info and respect this place once had?
Don't get me wrong, I'm all for jokes and comedy but there is a time and place for everything is there not?

(BTW: Since I said something against the grain up in here, I expected to get roasted...let the bashing begin)
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Chris_rohn
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Username: Chris_rohn

Post Number: 147
Registered: 04-2005
Posted From: 71.144.84.66
Posted on Tuesday, December 13, 2005 - 11:44 am: Edit PostDelete PostMove Post (Moderator/Admin Only)

rediculous!
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Machoken
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Username: Machoken

Post Number: 1082
Registered: 10-2003
Posted From: 65.86.12.2
Posted on Tuesday, December 13, 2005 - 11:45 am: Edit PostDelete PostMove Post (Moderator/Admin Only)

It's all in fun Goat, you moran! :-)
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Goat
Member
Username: Goat

Post Number: 7882
Registered: 10-2003
Posted From: 64.228.197.253
Posted on Tuesday, December 13, 2005 - 11:48 am: Edit PostDelete PostMove Post (Moderator/Admin Only)

I am NOT a moran! I am a Morawn! :-)

To get back on topic does anyone have a floor plan? I would like to see it as well.
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Northend
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Username: Northend

Post Number: 428
Registered: 10-2005
Posted From: 69.212.227.66
Posted on Tuesday, December 13, 2005 - 11:48 am: Edit PostDelete PostMove Post (Moderator/Admin Only)

calm.....as everyone is reading his Model D.....
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Island
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Username: Island

Post Number: 9
Registered: 01-2005
Posted From: 207.91.212.254
Posted on Tuesday, December 13, 2005 - 11:50 am: Edit PostDelete PostMove Post (Moderator/Admin Only)

Best of my knowledge, they put the floors on the bottom. (sorry, childish; did try to google-help to no avail)
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Ocd1963
Member
Username: Ocd1963

Post Number: 1
Registered: 11-2005
Posted From: 69.222.15.94
Posted on Tuesday, December 13, 2005 - 12:04 pm: Edit PostDelete PostMove Post (Moderator/Admin Only)

Last I knew, the building owner was:

Nick Tsalis
965-9825
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Merchantgander
Member
Username: Merchantgander

Post Number: 1385
Registered: 01-2005
Posted From: 150.198.150.245
Posted on Tuesday, December 13, 2005 - 12:46 pm: Edit PostDelete PostMove Post (Moderator/Admin Only)

Goat, just so you know my question was to slows, Dou's question was to me, and Lyn's question was to Dou. And surprisingly nobody answered a damm one of them.
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Llyn
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Username: Llyn

Post Number: 1285
Registered: 06-2004
Posted From: 68.61.197.206
Posted on Tuesday, December 13, 2005 - 2:38 pm: Edit PostDelete PostMove Post (Moderator/Admin Only)

I asked last!

I also tried to google something. Wish I had more to offer. I thought someone on the forum has some detailed info on the Stott at one time, though. Couldn't find it.
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Brandon48202
Member
Username: Brandon48202

Post Number: 36
Registered: 12-2004
Posted From: 68.248.15.192
Posted on Tuesday, December 13, 2005 - 2:44 pm: Edit PostDelete PostMove Post (Moderator/Admin Only)

From Loopnet:

David Stott Building
1150 Griswold
Detroit, MI 48226
County: Wayne
For more information, click to email:
Frederick Lovelace (313) 371-5100

For Sale

Primary Type: Office
Office Building
Building Size: 165,000 SF
Building Class: B
Occupancy: 43.00%
Price: $3,999,999
Price/SF: $24.24
Year Built: 1929
Property Description:
The David Stott Building was built in 1929. Its Architectural Style would be art deco with marble and masonry materials throughout. The building is a 37-story highrise office building with prime office space available. The building lends itself to attracting new tenants or preparing itself for prime condo conversions. This historical building located in the downtown district of Detroit is a must see for s strong commercial buyer. The David Stott Building is located within walking distance of the new Comerica Park (Tiger Baseball), Ford Field (Lions Football), Harmony Hall, and the beautiful Fox Theatre.

(Message edited by brandon48202 on December 13, 2005)
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Aiw
Member
Username: Aiw

Post Number: 5127
Registered: 10-2003
Posted From: 209.216.150.127
Posted on Tuesday, December 13, 2005 - 3:02 pm: Edit PostDelete PostMove Post (Moderator/Admin Only)

I've been through the 32nd floor (thanks to Carptrash). It's a great floor plan.

Basically, your standard 1920's layout. Central hallway, with elevators in the middle, one very large marble laden bathroom on the floor.

I'm not sure what floors the square footage start reducing with setbacks, but the building has potential.

Any relation to this?

I might have some interior photos I can dig up.
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Alexei289
Member
Username: Alexei289

Post Number: 904
Registered: 11-2004
Posted From: 68.61.183.223
Posted on Tuesday, December 13, 2005 - 3:21 pm: Edit PostDelete PostMove Post (Moderator/Admin Only)

... Holy shit... its only going for 4'000'000?
Is that a sale price or a lease price?

... If you converted 10 of the floors (5,000 SQft each) Divided into 2,300 sqft each (room for lobby) Into condos... Selling at 260,000 Each.. that makes out to about 5,200,000... Which COVERS the sale price of the building.. Assume about 2,000,000 for the conversion (at about 100,000 per unit (plus structural changed which jacks up the price, Drywall and interior materials really arent that expensive EVEN if the windows were replaced). that STILL leaves only 800,000 to be made up through leased units. Assume that another 5 Floors were converted into 5, 1000sqft Appartments each, rented at 700$ a month. thats 17,500 Just on the appartments alone (also assume about 12,000 since full occupancy will be difficult) Which would cover the payment on the approx 2,000,000 Debt added to convert the condos and the appartments. THe rest would be pretty close to leased up for commercial space which would be your income. Pass about 10 years... and you will have QUITE a profit.... and about 5,000,000 + (assuming that Downtown will appreciate greatly over the next decade) in equity to back you.

Forming a company to maintain the structure (similar to a neighborhood association) could charge about 100$ a month to each tennent and keep the building fresh and maintained.

If you ask me, this sounds too good to be true...

and usually it is... So im leary that there is something big going on in that place... Perhaps the property taxes are god awful?
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Brandon48202
Member
Username: Brandon48202

Post Number: 37
Registered: 12-2004
Posted From: 68.248.15.192
Posted on Tuesday, December 13, 2005 - 3:41 pm: Edit PostDelete PostMove Post (Moderator/Admin Only)

Property taxes aren't bad: $29,485.69 for 2005.
Probably the biggest obstacle for the building is the lack of parking.
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Registeredguest
Member
Username: Registeredguest

Post Number: 337
Registered: 10-2003
Posted From: 70.236.170.81
Posted on Tuesday, December 13, 2005 - 4:10 pm: Edit PostDelete PostMove Post (Moderator/Admin Only)

Perhaps people don't do something with it because of attitudes like yours,
Alexei289, about Michigan and its future (see comment on "Return to the Rustbelt thread). Comments which reinforce economical stereotypes regarding the region. Comments that are feuled by misinformation. Comments that fail the recognize the hard work many are engaged in to turn this region around. Comments that make investors leary of investing in Detroit, or the region, due to the blatant ignorance of some of its peoples.
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Kraemerdesigngroup
Member
Username: Kraemerdesigngroup

Post Number: 14
Registered: 10-2005
Posted From: 69.216.129.114
Posted on Tuesday, December 13, 2005 - 9:19 pm: Edit PostDelete PostMove Post (Moderator/Admin Only)

Thanks Brandon48202 for the info.

Yes everyone, KDG is aware the building is for sale. We routinely look for opportunities for our client base; hence, the question. I have never been through the building and was looking for info understand the possibilities.

FYI, KDG is only an architectural/interior design firm...not developers. Someday maybe, but not now.
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Psip
Member
Username: Psip

Post Number: 638
Registered: 04-2005
Posted From: 69.246.13.131
Posted on Tuesday, December 13, 2005 - 11:12 pm: Edit PostDelete PostMove Post (Moderator/Admin Only)

The 37 story David Stott building and the world famous 23 story tall streelight pole.
Streetlight
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Histeric
Member
Username: Histeric

Post Number: 653
Registered: 10-2003
Posted From: 68.248.15.192
Posted on Wednesday, December 14, 2005 - 4:31 am: Edit PostDelete PostMove Post (Moderator/Admin Only)

May we engage your services during the due diligence? We have met before but I have always wanted to engage your services. The Parker/Webb building is the shit and you folks can take a good portion of the kudos for the results. Can we have lunch before the holidays/ our offer to the owner? Email me at gcdc@sbcglobal.net and we can arrange a deal for the due diligence.

(Message edited by histeric on December 14, 2005)
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Carptrash
Member
Username: Carptrash

Post Number: 1397
Registered: 10-2003
Posted From: 72.16.51.242
Posted on Wednesday, December 14, 2005 - 5:32 am: Edit PostDelete PostMove Post (Moderator/Admin Only)

I've been through the 32nd floor, [thanks to AIW], and yes, it had a definate floor plan. Not to mention the Parduccis on the sides.
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Fho
Member
Username: Fho

Post Number: 35
Registered: 11-2003
Posted From: 68.84.186.249
Posted on Wednesday, December 14, 2005 - 10:53 am: Edit PostDelete PostMove Post (Moderator/Admin Only)

Kraemerdesigngroup, may I shamelessly beg for a job opportunity? I'm an architecture major banished to retail hell since graduation due to lack of opportunities. Save me! I can put the Stott Tower on CAD for you! Actually you already have about three of my resumes in the trash bins... :-(

But seriously the work you do in the city deserves attention and praise.
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Rsa
Member
Username: Rsa

Post Number: 707
Registered: 10-2003
Posted From: 68.255.164.55
Posted on Wednesday, December 14, 2005 - 11:59 am: Edit PostDelete PostMove Post (Moderator/Admin Only)

hey hey histeric; don't forget about me!
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Fho
Member
Username: Fho

Post Number: 37
Registered: 11-2003
Posted From: 68.84.186.249
Posted on Friday, December 16, 2005 - 7:52 am: Edit PostDelete PostMove Post (Moderator/Admin Only)

The Stott has a small but elegant lobby which has recently been restored. If you're ever there look for photographs on one wall of how it looked after a cheap and ugly modernization during the 70s and 80s.

I think it's always a good idea for restored buildings to post before-and-after-and-back-agai n pictures. There couldn't be a better advertisement for restoration.

I have heard complaints that the building is prone to frequent power and heating failures though.
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Swingline
Member
Username: Swingline

Post Number: 375
Registered: 11-2003
Posted From: 172.169.171.254
Posted on Friday, December 16, 2005 - 3:15 pm: Edit PostDelete PostMove Post (Moderator/Admin Only)

I have been in this building many times on many of the floors. The building is completely obsolete for most office uses. A small handful of suites have been gutted and renovated in the last decade and are quite nice. But the small floorplates create very shallow spaces between the elevator core and the exterior windows that are very difficult to set up for today's typical office configuration. Small architecture, PR, and advertising firms that often are flexible and creative with their office layouts are about the only types of firms that can pay the Class A/B+ rates necessary to fund the renovation that would be needed on almost any suite in the building. There's not enough of these kinds of firms to create a market for the space in this building. Next down the food chain are the non-profits and I think the building has a bunch of those. A building full of non-profits rarely makes a building very profitable. Although it doesn't have dedicated parking, thousands of ramp structure spaces withing 300 ft of the front door have been completed in the last 3 years. Parking isn't the biggest problem for an office use of this building.

However, parking, rather than the floor plan is the biggest question mark for a residential conversion. If parking can be solved, the building is a great candidate for a conversion. The views from the top floors are spectacular. The views plus the exclusivity of full floor or only 2 or 3 units per floor should command luxury rates. Does anybody know if this building is on the National Register making it eligible for a tax credit deal? Another question are the market studies for a residential conversion. Although none of the deals are not completely sewn up (fingers are crossed), the Lafayette, 1001 Woodward and Book Cadillac will presumably come on line before the Stott could. Do the studies say that that many units within a few hundred feet of each other can be abosrbed? Just wondering.

(Message edited by swingline on December 16, 2005)
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Dan
Member
Username: Dan

Post Number: 1157
Registered: 10-2003
Posted From: 69.47.194.247
Posted on Saturday, December 17, 2005 - 1:22 am: Edit PostDelete PostMove Post (Moderator/Admin Only)

According to Zimmerman Volk, 300 a year.

http://www.book-cadillac.org/Z immerman_Volk_Report.pdf
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Motorcitymayor2026
Member
Username: Motorcitymayor2026

Post Number: 268
Registered: 10-2005
Posted From: 69.218.157.241
Posted on Saturday, December 17, 2005 - 3:43 pm: Edit PostDelete PostMove Post (Moderator/Admin Only)

Dan,

thanks. that was an interesting study.

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