Post Number: 205
|Posted on Thursday, June 14, 2007 - 11:32 pm: || |
Have there been new River East developments? There was a thread on the project about a year ago, but i cannot recall seeing any new information for some time.
Post Number: 1117
|Posted on Friday, June 15, 2007 - 8:32 am: || |
From Asian Village up to Belle Isle there are many underway.
Post Number: 1482
|Posted on Friday, June 15, 2007 - 8:51 am: || |
Not to mention the opening of a new section of the Riverwalk in that area.
(Message edited by bob on June 15, 2007)
Post Number: 1401
|Posted on Friday, June 15, 2007 - 8:59 am: || |
I think Gmich is refering to the residential/retail complex that GM was planning to build on the surface lot immediately east of the Ren Cen...
I tried to find info on this not too long ago and all I could find was that they selected the developer back in January of 2006...
http://www.downtowndetroit.org /ddp/images/housing/River_East -1.jpg
http://www.downtowndetroit.org /ddp/images/housing/River_East -2.jpg
this is from the DDP website:
On January 19, 2006, General Motors announced that it had reached a preliminary agreement with Detroit River East Partners, LLC (DREP) to develop the River East project.
The River East development consists of approximately 13 acres along the Detroit River, immediately east of the GM Renaissance Center. Plans for development include mixed-use commercial, residential, retail, office, entertainment and special use opportunities.
Location: Riverfront East
and this is from Model D:
other than that, doesn't seem like there been any movement on this one
Post Number: 746
|Posted on Friday, June 15, 2007 - 9:19 am: || |
I walk by there and always wonder what they'll do with this land. They already have pathways from riverwalk to where this development would go, but seems to be at a standstill. Asian Village doesn't seem to be finishing up either. Parking garage has been done for months now but the street-level shops are still bare. Did they run out of money on this project?
Post Number: 1405
|Posted on Friday, June 15, 2007 - 9:22 am: || |
"Did they run out of money on this project?"
I just assumed they couldn't find any tenants...it looks like it's been completed for a while
Post Number: 143
|Posted on Friday, June 15, 2007 - 9:56 am: || |
Mesirow Stein & Morningside both have pretty deep pockets, so money isn't an issue. My bet is they want to phase it in with the other proposed project so as to not flood the market
Post Number: 856
|Posted on Friday, June 15, 2007 - 11:21 am: || |
Walked by Asian Village a week ago. There were no workers on site. That usually means one of two things. A permit problem or a cash problem. There has been plenty of time to complete the project given how long ago the build-out started. Summertime and the opening of the River Walk provide all kinds of visibility and an opportunity to develop customer base. It's not good to still be under construction.
Post Number: 5643
|Posted on Friday, June 15, 2007 - 7:23 pm: || |
GM chose Wesirow and Morningside for a few parcels, I belive, in GM's RiverEast plan a year back, or so. I'd imagine GM is taking its time to see what unfolds. Both are major Chicago development/real estate companies, I believe.