  Sharmaal Member Username: Sharmaal Post Number: 1212 Registered: 09-2004 |
http://www.detnews.com/apps/pb cs.dll/article?AID=/20070830/U PDATE/708300451 | ||
Thejesus Member Username: Thejesus Post Number: 1975 Registered: 06-2006 |
Wow...an 8-7 vote...I didn't realize there was that much opposition to the plan So what do you all anticipate will happen with the Wayne County building? I don't feel very confidant that the owners will find another tenant for that one...it's a very appealing building, but to a small class of entities, mostly government... | ||
Susanarosa Member Username: Susanarosa Post Number: 1641 Registered: 11-2003 |
The Detroit contingent voted entirely in opposition. | ||
Craig Member Username: Craig Post Number: 303 Registered: 02-2007 |
Is there a real reason for the opposition? The deal sounds like a good one for the County - maybe not so hot for the WC building owners, though. | ||
Gistok Member Username: Gistok Post Number: 5247 Registered: 08-2004 |
The WC building owners already got something like 3 times what they spent to refurbish it. I feel no pity for them, but for the building itself. | ||
Bibs Member Username: Bibs Post Number: 704 Registered: 10-2003 |
Could an abandoned building downtown be purchased and renovate for about the same price as the purchase of the Guardian building? | ||
Lefty2 Member Username: Lefty2 Post Number: 55 Registered: 07-2007 |
No way Jose, Guardian building is No.1 It is Irreplaceable at any cost under min. of $500.00 per sq ft. (It does now need some upgrades) Bldg sq ft = 775,000+/- Price = $14,500,000 +/-, cost per sf = 17.70 This is very cheap for a priceless building! No 2. It is probably crown jewel and the best architecturally designed building in the city. No.3 It is a long term savings to the citizens of Wayne County, (hopefully it will be managed well). (Message edited by lefty2 on August 30, 2007) | ||
Gistok Member Username: Gistok Post Number: 5251 Registered: 08-2004 |
...except the rentable space in the Guardian Building is IIRC 385,000 sq.ft. | ||
The_rock Member Username: The_rock Post Number: 1942 Registered: 11-2003 |
We had the whole 32nd floor at one time. Spectacular view. I assume the big wigs as well as Ficano's "staff" will reserve it for themselves. I still have a key to get up to the roof. I wonder if Robert might be interested. | ||
Lefty2 Member Username: Lefty2 Post Number: 56 Registered: 07-2007 |
You mean the rentable SF is only 50% of the total building SF? I've never heard of such! This was a wise and shrewd move by Wayne County. Facts of Guardian - check out the video too! From: http://www.waynecounty.com/new s/2007/Guardian.htm Finished in 1929, the 750,000-square-foot Guardian Building is one of the highest towers in Detroit and among the tallest brick buildings in the world. Or: see this video http://www.brightcove.com/titl e.jsp?title=440893069&channel= 291706367 | ||
Stromberg2 Member Username: Stromberg2 Post Number: 43 Registered: 10-2006 |
Ok, The_rock, let's hit that roof. Must have been an unbelievable view from there, let alone the 32nd floor. Stromberg2 | ||
Lilpup Member Username: Lilpup Post Number: 2664 Registered: 06-2004 |
quote: IMHO, the Guardian would be much more likely to attract business tenants than the WC building, and there's the fear of how well the County will maintain the Guardian. | ||
Michigansheik Member Username: Michigansheik Post Number: 227 Registered: 09-2005 |
have to love the 'divide' in the commisioners office. there can't be a non-emotional reason for the distinct divide, math is math right? politrics. at least they got the 8 votes. | ||
Huggybear Member Username: Huggybear Post Number: 309 Registered: 08-2005 |
If Wayne County moves constituent services into that building, it will get trashed. | ||
Thejesus Member Username: Thejesus Post Number: 1979 Registered: 06-2006 |
From the link lefty posted: "The building was only six percent occupied when the owners purchased it in 2003. The owners have spent millions in renovations, including new elevators, windows and heating system. It generates an annual profit, as does the parking deck, Samson said." 6 percent!!! My god...I knew the market for commercial office space downtown wasn't great, but...jeez... | ||
Gistok Member Username: Gistok Post Number: 5257 Registered: 08-2004 |
Thejesus... the other 90+ percent were MichCon employees. When DTE purchased MichCon back then, they eliminated some employees, and moved the MichCon folks that they retained to DTE owned space and sold the building. | ||
Thejesus Member Username: Thejesus Post Number: 1989 Registered: 06-2006 |
^ah...that makes a bit ore sense...any idea what the occupancy rate is currently, pre-WC purchase? |
