  Drm Member Username: Drm Post Number: 1134 Registered: 10-2003 |
How long has the power been out at the Book Tower? | ||
Valkyrias Member Username: Valkyrias Post Number: 489 Registered: 02-2005 |
i just found out tonight that bookies has been mostly closed since this weekend. so perhaps close to a week? although...the power hasn't been out since dte first cut it off back in the spring, has it? | ||
Wolverine Member Username: Wolverine Post Number: 363 Registered: 04-2004 |
^ No, it was on throughout the building prior to this week. | ||
Danny Member Username: Danny Post Number: 6473 Registered: 02-2004 |
Those slumlords of the Book Building! They just collect the rent the exploit the tenants. (Message edited by danny on September 06, 2007) | ||
Thejesus Member Username: Thejesus Post Number: 2024 Registered: 06-2006 |
Sad...let's hope this isn't the beginning of a slow death for the Book | ||
Lowereast Member Username: Lowereast Post Number: 13 Registered: 08-2007 |
I heard the power at the Book Tower was cut out on Friday afternoon (8-31). Still no word yet on when power will be turned back on. | ||
Matt Member Username: Matt Post Number: 1199 Registered: 10-2003 |
I thought I read somewhere that Bookie's power was seperate from the rest of the building? Guess I read wrong. | ||
Bumble Member Username: Bumble Post Number: 348 Registered: 11-2004 |
Did you read that here? | ||
Drjeff Member Username: Drjeff Post Number: 5 Registered: 06-2007 |
That explains why Bookies was closed on Sat. night- we walked over from the Jazzfest to have a beer but it was all dark. | ||
Johnlodge Member Username: Johnlodge Post Number: 2206 Registered: 10-2003 |
This is the second time this year DTE has cut power to the Book. Those new owners from New York are sure taking their Detroit investment seriously. | ||
Valkyrias Member Username: Valkyrias Post Number: 491 Registered: 02-2005 |
matt, i heard that as well, but (assuming that is the case) it has only been since the power was first cut in april. when that happened, they were running on generators for a few days. (Message edited by valkyrias on September 06, 2007) | ||
Monahan568 Member Username: Monahan568 Post Number: 208 Registered: 04-2004 |
everything in the book tower is on one meter, so bookies is on the same meter as everything else in there... | ||
Charlottepaul Member Username: Charlottepaul Post Number: 1621 Registered: 10-2006 |
When is the Requiem Mass for the Book Tower? If there is to be one, I will fly up to Detroit for the occasion... | ||
Rhymeswithrawk Member Username: Rhymeswithrawk Post Number: 895 Registered: 11-2005 |
Have no fear, Charlotte. Even if the Book Tower were to close, it'd sit vacant for years before it went anywhere, giving ample time for the B-C and Griswold to help revitalize Washington Blvd. and bring in a serious, reputable landlord. | ||
Digitalvision Member Username: Digitalvision Post Number: 347 Registered: 11-2003 |
I just hate to see with all the progress that has been made all around it to see a skyline building go dark like that - it's a PR black eye and damn shame. | ||
Charlottepaul Member Username: Charlottepaul Post Number: 1633 Registered: 10-2006 |
Well Digitalvision, at leat you can't tell the power is out during the day; just might look a little funny at night. | ||
Karl Member Username: Karl Post Number: 9919 Registered: 09-2005 |
So is the power back on? | ||
Monahan568 Member Username: Monahan568 Post Number: 209 Registered: 04-2004 |
the book tower is mostly empty, the land lords couldn't pay the bill because they can't find any new tenants this is just a simple reminder of how difficult the real estate market is in detroit if you can't get any state or federal aid (tax Credits) | ||
Drm Member Username: Drm Post Number: 1136 Registered: 10-2003 |
quote: No, the power is still off. Some of the businesses on the ground floor are operating this afternoon, and some of those are using generators. | ||
Digitalvision Member Username: Digitalvision Post Number: 351 Registered: 11-2003 |
Not quite monahan - there are buildings that are doing fine downtown. Quite a few, in fact. The book tower's infrastructure has not been updated in decades. The floor plans aren't suited for offices, as the construction of the building is so old. This problem was starting to occur years ago. | ||
Monahan568 Member Username: Monahan568 Post Number: 210 Registered: 04-2004 |
digita, do you know of any new construction besides the casino's that are not receiving some kind of tax credit? also the vacancy rate for office space in the city is through the roof name one office building that is full or has a waiting list | ||
Charlottepaul Member Username: Charlottepaul Post Number: 1637 Registered: 10-2006 |
Did Kennedy square get tax credits? | ||
Charlottepaul Member Username: Charlottepaul Post Number: 1638 Registered: 10-2006 |
LOL, Comerica opts to keep its headquarters downtown: http://www.detnews.com/2005/bu siness/0508/21/B01-287057.htm | ||
Charlottepaul Member Username: Charlottepaul Post Number: 1639 Registered: 10-2006 |
Monahan568, what about that red brick office building near Ford Field on Madison that I can't remember the name of? | ||
Lefty2 Member Username: Lefty2 Post Number: 102 Registered: 07-2007 |
You too can buy a 426,000 sf bldg. for ONLY 9,500,000. I guess the owners bit off more than they could chew. For another 10 Mil. in upgrades/ Quicken can have a nice office tower. I'd like to earn the 200K commission on that deal. Book Bldg - STEAL at this PRICE - Once in a life time opportunity to snap up an immensely profitable investment property - A popular office tower under renovation is being offered for... Detroit MI 426,500 Office Building $9,500,000 | ||
Rhymeswithrawk Member Username: Rhymeswithrawk Post Number: 898 Registered: 11-2005 |
Monahan568, what about that red brick office building near Ford Field on Madison that I can't remember the name of? You mean Crain Communications? | ||
Drm Member Username: Drm Post Number: 1138 Registered: 10-2003 |
quote:No, Crain Communications is not on Madison. It's on Gratiot, on the former site of the Stroh's brewery in a development called Brewery Park which, by the way, was supposed to save Detroit by providing an example of how suburban-style office parks could be built in the city. I assume that Charlottepaul is talking about the building near Ford Field with the PricewaterhouseCoopers logo on it, which is also not on Madison, but at least it's somewhere near Madison. Which has nothing to do with anything, because the fact is that anyone who thinks that "there are buildings that are doing fine downtown. Quite a few, in fact." is clearly delusional. There might be 1 or 2 which are doing fine, but I can name many more that are not: 150 W. Jefferson, Comerica Tower, Guardian Building, Chase Tower, 211 W. Fort, Michigan Building (owned by everyone's 2nd favorite slumlord), First Federal Building (n/k/a 1001 Woodward), David Stott Tower, Michigan Mutual Building, Marquette Building, Penobscot Building, etc. And those are only a few of the occupied ones, so we're not including the former AAA building (also owned by everyone's 2nd favorite slumlord), the United Artist, the David Whitney Building, the Broderick Tower, the Metropolitan Building, the Fine Arts Building, the Free Press Building, that building on Capital Park that Citylover always cries about, etc. Then there are the buildings that are about to be empty such as the United Way headquarters in Capital Park and the Book Tower. | ||
Drm Member Username: Drm Post Number: 1139 Registered: 10-2003 |
quote:Farwell Building | ||
Gazhekwe Member Username: Gazhekwe Post Number: 365 Registered: 08-2007 |
I just got an invite to a reception put on by Fair Housing Center of Metropolitan Detroit. The return envelope is to their office in the Book Building. More of the story: http://www.detnews.com/apps/pb cs.dll/article?AID=/20070908/M ETRO01/709080372/1006/rss01 | ||
Jasoncw Member Username: Jasoncw Post Number: 439 Registered: 07-2005 |
211 W. Fort Street is 85% leased according to their website. 150 West Jeffersons' site shows a total of 5 floors worth of empty space, out of about 25 floors, so maybe around 80% occupied. And there are a bunch of other buildings downtown that are probably similar, although most of them aren't speculative. Of course there's a bigger bunch of buildings that are mostly empty, and overall it's been getting worse as far as offices go, but I don't think what is still there should be downplayed because of that. |
