Discuss Detroit » Archives - Beginning January 2006 » Book Caddy news blurb « Previous Next »
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Tetsua
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Username: Tetsua

Post Number: 446
Registered: 01-2004
Posted From: 69.246.5.196
Posted on Tuesday, January 03, 2006 - 7:05 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)
http://www.detnews.com/apps/pb cs.dll/article?AID=/20051228/M ETRO01/512280357/1003/METRO

Looks as though things are still progressing

quote:

The Michigan State Housing Development Authority approved a loan to help finance the $175 million renovation of the Book Cadillac Hotel in downtown Detroit. Terms of the loan weren't disclosed. Plans call for the vacant hotel on Washington Boulevard to be turned into a 455-room Westin Hotel. The loan will be repaid with proceeds from the condominium sales.

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Eric_c
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Username: Eric_c

Post Number: 574
Registered: 11-2003
Posted From: 68.21.62.206
Posted on Tuesday, January 10, 2006 - 3:02 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)
Fiending, here!

When's the new closing date? When will workers be on-site? When will I be able to sip a martini in the Motor Bar?
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Broken_main
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Username: Broken_main

Post Number: 604
Registered: 06-2005
Posted From: 69.222.11.226
Posted on Tuesday, January 10, 2006 - 3:12 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)
I didn't think it would be that many rooms in it. Are they still developing it as mixed use condo/hotel project?
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Supersport
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Username: Supersport

Post Number: 9731
Registered: 10-2003
Posted From: 64.118.137.228
Posted on Tuesday, January 10, 2006 - 3:58 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)
I see Livonia is on crime alert too. :-)
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Upinottawa
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Username: Upinottawa

Post Number: 107
Registered: 09-2005
Posted From: 198.103.184.76
Posted on Tuesday, January 10, 2006 - 4:13 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)
Broken: I think the last line of the blurb answers your question:

"The loan will be repaid with proceeds from the condominium sales."
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Broken_main
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Username: Broken_main

Post Number: 608
Registered: 06-2005
Posted From: 69.222.11.226
Posted on Tuesday, January 10, 2006 - 4:16 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)
Ooops....These 16 hours shifts are getting to me.

Thanks!!
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Upinottawa
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Username: Upinottawa

Post Number: 109
Registered: 09-2005
Posted From: 198.103.184.76
Posted on Tuesday, January 10, 2006 - 4:24 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)
no problem.
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Eric
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Username: Eric

Post Number: 282
Registered: 11-2004
Posted From: 35.11.158.84
Posted on Tuesday, January 10, 2006 - 6:15 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)
The blurb on the financing delay said it'd be late January. So hopefully work will start in the next 2-3 weeks
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Lmichigan
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Username: Lmichigan

Post Number: 2984
Registered: 10-2003
Posted From: 67.172.95.197
Posted on Tuesday, January 10, 2006 - 6:53 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)
Broken Main,

Yes, it's still mixed-use, but not all that much. The bulk of the project is still a 455/457-room hotel, with the last few top floors being 66 condominiums units.
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Bobj
Member
Username: Bobj

Post Number: 341
Registered: 11-2003
Posted From: 65.221.183.120
Posted on Tuesday, January 10, 2006 - 7:12 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)
I'll believe it when I see it on this one.

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