Discuss Detroit » Archives - Beginning January 2007 » Attn Realtors: Willys Overland Lofts « Previous Next »
Archive through September 16, 2007Southen30 09-16-07  9:37 am
  ClosedNew threads cannot be started on this page. The threads above are previous posts made to this thread.        

Top of pageBottom of page

321brian
Member
Username: 321brian

Post Number: 430
Registered: 02-2006
Posted on Sunday, September 16, 2007 - 10:09 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Like I said above. I think the area is overburdened with unsold lofts.

Why is it that every old building needs to be turned in to lofts? Why can't it be converted to office space retail, or back to storage?

I don't hate it I just don't think it is a good idea in this market and I think a lot of them will sit empty for a long time.

Gistok,

As far as NEZ is concerned. Thats all great but what about 13 years from now? Why not reduce property taxes across the board and stop playing games.

Doug,

I misused the term smart growth. Sorry. However since the infrastructure is already there I don't see any harm in spreading new homes in Detroit out a little.

I don't see how anyone can realistically think Detroits population will ever approach 2 million again. So why not give everyone a little elbow room?
Top of pageBottom of page

Southen
Member
Username: Southen

Post Number: 287
Registered: 08-2006
Posted on Sunday, September 16, 2007 - 10:54 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

These people are making conversions based on what they think will sell and make a profit. If there were money in turning these places into retail, office, or storage they would be doing it. As of right now though there is a turn back towards more urban living and they see it as a good way to give that to people and make a profit.

The developer is taking the risk and regardless if its a huge success or not its still a nice development and down the road will be very good for the area.
Top of pageBottom of page

6nois
Member
Username: 6nois

Post Number: 503
Registered: 11-2006
Posted on Sunday, September 16, 2007 - 11:39 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

We get it Brian you don't like lofts, but other people may. Spreading out housing will look silly and is a waste of space, if anything consolidate large tracts of empty lots for redevelopment later, but for now just let them serve as temporary parks. Also I live around Six and Livernois and there are tons of infill houses being built in the empty lots around here. So it is happening, you just don't happen to drive by it on your way to work. Personally I feel Downtown and Midtown are great places to start with redevelopment, yes people in the past have not live in Downtown, but they have in midtown, there are tons of old apartment buildings, that people still live in. Demand feeds what is built, right now there is a demand for lofts, and the city has very little to do with it in most cases.
Top of pageBottom of page

Thejesus
Member
Username: Thejesus

Post Number: 2124
Registered: 06-2006
Posted on Sunday, September 16, 2007 - 11:52 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Why is everyone arguing with this guy? He's gotta be the only one in Detroit who thinks all this development is a bad thing. His opinion doesn't matter. The city is going to continue to improve itself whether he likes it or not.
Top of pageBottom of page

Supergay
Member
Username: Supergay

Post Number: 84
Registered: 05-2006
Posted on Sunday, September 16, 2007 - 12:40 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

321Brian is a development genius, that's why. It is a badge of honor to out-debate him/her.
Top of pageBottom of page

321brian
Member
Username: 321brian

Post Number: 432
Registered: 02-2006
Posted on Sunday, September 16, 2007 - 2:19 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

All I said was "Yay!!! More overpriced lofts!!!"

I just don't think more lofts are the answer.

Sorry.

If they all sell within a year I will be surprised and you can all hate on me as much as you want.

I will also admit I was wrong which to my knowledge has never been done by anyone on this site before.

You can talk about what an ass I am tomorrow when you are all in line to put down deposits on one.
Top of pageBottom of page

Iheartthed
Member
Username: Iheartthed

Post Number: 1626
Registered: 04-2006
Posted on Sunday, September 16, 2007 - 2:32 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

You can talk about what an ass I am tomorrow when you are all in line to put down deposits on one.

LOL.
Top of pageBottom of page

Charlottepaul
Member
Username: Charlottepaul

Post Number: 1702
Registered: 10-2006
Posted on Sunday, September 16, 2007 - 6:09 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

"Sure they are nice, but lofts aren't what the city needs."

Brian, why don't we just let the market decide what their price should be. That is much easier than setting it on the DetroitYES! forum.

"Like I said above. I think the area is overburdened with unsold lofts."

If this is the case, which it very well could be, then the prices will come down, and conversions of buildings into new lofts will no longer take place. It is just that simple. Take ECON 101--might learn some of the basics of why and when things are bought and sold.
Top of pageBottom of page

321brian
Member
Username: 321brian

Post Number: 436
Registered: 02-2006
Posted on Sunday, September 16, 2007 - 8:20 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Paul,

Thanks but I took ECON 101 a few years ago and I can still see a supply and demand chart in my head. I took it in Detroit too.

I also think I know a little about the market since I am a freakin' REALTOR!!!

I show a lot of empty homes.

What are you doing here anyway? I actually moved back here from North Carolina. Start LakeNormanYES! and leave me alone.

Damn Yankee.
Top of pageBottom of page

Rjlj
Member
Username: Rjlj

Post Number: 394
Registered: 11-2003
Posted on Sunday, September 16, 2007 - 10:58 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

I will agree with Thejesus on this one. 321brian
is a joke.
Top of pageBottom of page

321brian
Member
Username: 321brian

Post Number: 437
Registered: 02-2006
Posted on Sunday, September 16, 2007 - 11:20 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Rjlj,

Now I know I am on the right track. Thanks for validating my thoughts and ideas.

Here is an example of your great city. I went to Chelis during the 4th quarter of the Lions game today to eat and was told the kitchen was closed.

W.T.F.? It wasn't even 7. 3 other groups were there looking to eat and walked away with us.

Now I don't know much about economics but it seemed to me that the customers demanded food and the business wasn't able to supply it.

How can things be looking up if you can't even get a burger on a Sunday football evening?

Why would I want to spend more than $180,000 on 600 ft2 to live in a city where I would have to drive 15 minutes to get a bar burger?
Top of pageBottom of page

Rjlj
Member
Username: Rjlj

Post Number: 395
Registered: 11-2003
Posted on Sunday, September 16, 2007 - 11:34 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

I hate to say this but go back to North Carolina if this is the way you are.
Top of pageBottom of page

321brian
Member
Username: 321brian

Post Number: 438
Registered: 02-2006
Posted on Monday, September 17, 2007 - 6:11 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

What way is that?

The only way I notice things happening here is if someone has an opinion that may not agree with everyones rose colored views of the city then they are wrong.

It's my OPINION.

You can't even give me a reason why you disagree with me. You stick with the tried an true grade school comebacks like go back to where you came from and name calling (calling me a joke).

Form an opinion of your own, learn how to express it then get back to your computer.
Top of pageBottom of page

Spitty
Member
Username: Spitty

Post Number: 610
Registered: 07-2004
Posted on Monday, September 17, 2007 - 10:24 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

So instead of building lofts, Detroit should focus on getting Cheli's to keep their kitchen open. You do know there are other bars in the city besides Cheli's, right?

If you can't find a burger in the city, then you probably deserve to starve. Death to all who bash Detroit and it's burgers and lofts!
Top of pageBottom of page

Thejesus
Member
Username: Thejesus

Post Number: 2126
Registered: 06-2006
Posted on Monday, September 17, 2007 - 10:51 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

"Death to all who bash Detroit and it's burgers and lofts!"

: D
Top of pageBottom of page

Detroitduo
Member
Username: Detroitduo

Post Number: 855
Registered: 06-2005
Posted on Monday, September 17, 2007 - 11:04 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Wow. I think this is the stupidest thread I have ever read here.

btw, I have also looked at the Willys Overland Lofts and they are amazing. Probably overpriced, but hey, I already have a condo. In the end, the market will decide the success of sales.

Honestly, I am glad such options are being offered in mid-town, because all the other types of housing are already offered in the area.

Supergay is my HERO!
Top of pageBottom of page

Eric
Member
Username: Eric

Post Number: 928
Registered: 11-2004
Posted on Monday, September 17, 2007 - 11:44 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

quote:

I don't hate it I just don't think it is a good idea in this market and I think a lot of them will sit empty for a long time.



Projects like this, that offer a chance to live in a urban walkable environment are actually what's selling best and have been for a number years.
Top of pageBottom of page

Rjlj
Member
Username: Rjlj

Post Number: 396
Registered: 11-2003
Posted on Monday, September 17, 2007 - 12:06 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Sorry, I made an ignorant comment. I can't wait until the Willys Overland Lofts are complete. A very nice asset to the area plus it maintains a historic building.
Top of pageBottom of page

Charlottepaul
Member
Username: Charlottepaul

Post Number: 1704
Registered: 10-2006
Posted on Monday, September 17, 2007 - 12:56 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

321brian, I just wish that Charlotte had a tenth of the number of historic buildings Detroit had.
Top of pageBottom of page

Classico
Member
Username: Classico

Post Number: 60
Registered: 12-2005
Posted on Monday, September 17, 2007 - 1:53 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Brian is one of these typical "I know whats best for a city my family and friends abandoned and stopped giving two shits about years ago". I love these guys, they always have all the answers.

They sit on their perch of perfectness(usually in some place like Sterling Heights) and think they have and reason for every rhyme, a tic for every tac. They really do think they're that more profound than everybody else around them.

If you bitch and moan that much about the city why the frick are you on this forum and continue to frequent city establishments? Sounds like the guy who goes around trying really hard to convince people he hates queers but can be found jerking off to gay porn nightly.(extreme example, but hits the point home).

Have your opinions, but don't be such a dick about them. I'm so sick of this matter-of-fact pretentiousness from people who bitch and moan about the city every chance they get.

Something tells me Novi is more of your kind of place anyways Brian. Red Robin will supply all the bar burgers your heart desires.
Top of pageBottom of page

Spitty
Member
Username: Spitty

Post Number: 612
Registered: 07-2004
Posted on Monday, September 17, 2007 - 1:57 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

"Sounds like the guy who goes around trying really hard to convince people he hates queers but can be found jerking off to gay porn nightly.(extreme example, but hits the point home)."

If he's found nightly, he should be a little more discreet. I feel bad for the person who keeps finding him. It would be like the movie Groundhog Day after a while.
Top of pageBottom of page

Classico
Member
Username: Classico

Post Number: 61
Registered: 12-2005
Posted on Monday, September 17, 2007 - 2:31 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

^^^
Spitty lol
Top of pageBottom of page

321brian
Member
Username: 321brian

Post Number: 439
Registered: 02-2006
Posted on Monday, September 17, 2007 - 5:19 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Classico,

I'm not going to give it up but I live very close to the city. within a few miles and like I said before I work there every day. So I see a lot.

My Chelis point was that I walked in and left having to drive somewhere else.

I thought of maybe trying someplace else nearby but I thought to myself "if Chelis isn't serving food next door to 60,000+ people what else in the city will be open?" So I took my business to Royal Oak.

I try to do business in the city whenever possible. It just seems like the experience disappoints more often than not.

I don't want you to think I hate the city (queers) but sneak in to it late at night to have do thing (jerking off to gay porn nightly).

I want the city and it's businesses to do well. It just that right now there is a lot of work to do. Things aren't as great as a lot of people here want to believe.

For the record I hate Novi. I like areas with a little personality and I would live in the city if the taxes weren't so high.
Top of pageBottom of page

Atperry
Member
Username: Atperry

Post Number: 272
Registered: 12-2004
Posted on Monday, September 17, 2007 - 8:07 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

On a related note, the FD lofts are almost fully leased

http://modeldmedia.com/develop mentnews/fdlofts11107.aspx
Top of pageBottom of page

321brian
Member
Username: 321brian

Post Number: 440
Registered: 02-2006
Posted on Monday, September 17, 2007 - 10:12 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

I'm stupid. You're smart. I was wrong. You were right. You're the best. I'm the worst. You're very good-looking. I'm not very attractive.
Top of pageBottom of page

Croweblack
Member
Username: Croweblack

Post Number: 46
Registered: 02-2007
Posted on Monday, September 17, 2007 - 10:57 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

I love modelmedia.com

a little fyi...
Modelmedia is kind of like that brochure you always get in your hotel room regarding "things to do" and "great eats"--don't belive a word of it. If there was even one shred, one small iota of negative news about Detroit in it, I would be shocked, shocked!(sorry to quote the B-boys)

(Message edited by croweblack on September 17, 2007)
Top of pageBottom of page

Classico
Member
Username: Classico

Post Number: 62
Registered: 12-2005
Posted on Monday, September 17, 2007 - 11:12 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Brian,

I agree things are alot further away from good than bad. You see the difference in this case is we cannot afford to not let things improve. You'd be a complete arrogant asshole fool to think this State or Metro could ever be considered relevant again without a strong city core or at the very least, a stabilized one.

The thing is, I've always had the strongest of desires to root for the underdog. I want to hear the collective gasps of astonishment when self-righteous naysayers are proved wrong.

I guess this is the deep down difference between people who root for Detroit(the underdog, and those who secretly root against it.

You sound like a guy who is like some of us certain days. I admit, as much as I'am active with the cities ongoings, there are days when I notice every little thing I hate about the city. Thing is, I'm more than dedicated to perhaps realizing a dream that isn't as distant as it once seemed in turning around this once desolate city. There's definitely a pulse, it's imperative we keep it going.
Top of pageBottom of page

Detroit313
Member
Username: Detroit313

Post Number: 481
Registered: 02-2006
Posted on Monday, September 17, 2007 - 11:20 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Brian, not mean to step in a long line to hit you, but you contradict yourself.

If you say Detroit is to rebound to 1.2 million, it needs to have more space.

Hey sorry to stand in line a take a shot, but unless Detroit had 600,000 Boston Edison homes, which it doesn't resident will leave for bigger houses in the burbs.

But if a "CITY" is to grow, it has to have high density dwellings.

Those prices are not that high. If you can't afford them don't label them overpriced.

And Detroit is still the most attractive city in the region, honestly who wants to live in a high rise in the middle of the burbs, when you can live in a high rise in a real city.

<313>
Top of pageBottom of page

Docmo
Member
Username: Docmo

Post Number: 294
Registered: 10-2005
Posted on Tuesday, September 18, 2007 - 12:15 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Brian,
Walk around the block to Detroit Beer Co or Small Plates. It's obviously too tough for you to walk one block to establishments more focused on food than Chelis. You are the typical suburbanite Detroit hater. Stay in freaking Royal Oak for all we care. Watch whatever Major League baseball team they have up in Royal Oak. Keep your hating ass in suburbs.
Top of pageBottom of page

Detroitduo
Member
Username: Detroitduo

Post Number: 856
Registered: 06-2005
Posted on Tuesday, September 18, 2007 - 5:55 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

^^^^^
Unnecessary!


Classico said it best. Developments are moving slow in the City, which noone can disagree. HOWEVER, if I showed you the pictures of Brush Park 6 years ago, when I moved in and then show you around today, You'd be impressed. If I showed you a list of retail and Restaurant possibilities available 6 years ago vs. today, you'd be impressed. The fact is, Downtown/Midtown were SO desolate for SO long that it cannot be rebuilt overnight.

I understand most of 321Brian's comments and frustrations, but I disagree that Willys Overland is adding to an overabundance of loft housing. This is exactly the type of housing necessary in that part of Midtown. Go a little further over to Woodbridge or Core City and you have your single-family homes of various sizes!

Willys and all the other Loft/condo developments are the high density necessary to make our neighborhood thrive. And it will! It will just take a little longer than maybe many are willing to wait......... OH, and if Cheli's was closed, I can think of 10 food/drink establishments within 5 blocks that WERE open and would have welcomed your business. That's the nice thing about a walkable city, you don't HAVE to drive!
Top of pageBottom of page

321brian
Member
Username: 321brian

Post Number: 443
Registered: 02-2006
Posted on Tuesday, September 18, 2007 - 6:16 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Docmo,

Your piss poor attitude is the reason people stay out of Detroit in the first place.

Just keep thinking everything is fine and nothing will change.


313,
The prices are high. Like I said before don't confuse can't afford with wouldn't pay for.

Why don't some of you read all of my post before calling me a hater?
Top of pageBottom of page

Docmo
Member
Username: Docmo

Post Number: 295
Registered: 10-2005
Posted on Tuesday, September 18, 2007 - 8:09 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

321,
Keep hour hate in Royal Oak. We welcome suburbanites with open minds every day of the week. It's just your closed minded hate that we prefer you keep up in your alleged suburban panacea.
Top of pageBottom of page

Detroitbill
Member
Username: Detroitbill

Post Number: 320
Registered: 09-2006
Posted on Tuesday, September 18, 2007 - 8:53 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

I agree with many of the comments here , yes its kinda dumb Chelis closed its kitchen that early but there is a lot of alternatives in the same area around the corner..You dont have to drive to Royal Oak to get a burger..Ive been to many places in the city and burbs that do these sorts of things early on Sunday eve for some reason.
Top of pageBottom of page

Detroitduo
Member
Username: Detroitduo

Post Number: 858
Registered: 06-2005
Posted on Tuesday, September 18, 2007 - 10:39 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

You think it's bad on a Sunday in the City, you should try living in Europe! EVERYTHING is closed on Sundays.
Top of pageBottom of page

Hans57
Member
Username: Hans57

Post Number: 193
Registered: 05-2006
Posted on Tuesday, September 18, 2007 - 10:59 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Detroitduo has a point.
I was in Naples(Italy) about six weeks ago on a Sunday, it was desolate.
Top of pageBottom of page

Oliverdouglas
Member
Username: Oliverdouglas

Post Number: 125
Registered: 02-2006
Posted on Tuesday, September 18, 2007 - 11:06 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

I lived Downtown 89-92. Getting a burger after lunchtime (outside of Greektown) was impossible. Even getting a beer was work. The progress since then is remarkable, even if we are still a long way from Chicago.

I'm comfortably ensconced in Green Acres now, but often wish I still had my 14th floor penthouse at the Fyfe. When maintaining the house/yard becomes too much, I'm moving back down.
Top of pageBottom of page

321brian
Member
Username: 321brian

Post Number: 444
Registered: 02-2006
Posted on Tuesday, September 18, 2007 - 3:30 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Docmo,

I'm not closed minded. I give the city more chances that most.

You are the one who thinks everyone from the suburbs drive in to town with their windows rolled up parks in a garage goes to wherever they are going, then drives home with their windows up.

I'm not that guy.

I don't think the suburbs are perfect. I really think this whole area is messed up. I was just trying to make a point that some dumb loft condos were overpriced in todays market.
Top of pageBottom of page

Detroitbill
Member
Username: Detroitbill

Post Number: 321
Registered: 09-2006
Posted on Tuesday, September 18, 2007 - 4:33 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Actually, when looking at prices,, I bought a co-op on the 24th floor at 1300 East Lafayette two years ago and also looked at a couple of the "loft" developments being constructed in Royal Oak.
Comparing apples to apples for a similar square footage, new "loft" vs a renovated co-op the price at 1300 was only 65% of the total and monthly cost overall as that of the Royal Oak location . Next was to decide whether I wanted to look at an alleyway and mainstreet in Royal Oak or have a 24th floor view of the city. It was a no brainer . Some of course would rather have a Royal Oak location, I wanted a downtown one. Even factoring in city taxes I still only pay about 70% of what I was going to in Royal Oak. I still dont always understand what people go on and on about the increased cost of living in the city. If you choose wisely, you can do quite well. 1300 offers very good value for the money, safety for you and your car , a great location for getting into the city via foot and good neighbors.
Top of pageBottom of page

Detroit313
Member
Username: Detroit313

Post Number: 483
Registered: 02-2006
Posted on Tuesday, September 18, 2007 - 4:52 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

321,

would you rather have a cheap high rise loft in the city for, say $100,000 with new stainless steel appliances, great views of "THE CITY", doorman, parking, walking distance to the ballpark and river?

Guess what, if that was available and you bought one, then you will be complaining about the terrible neighbors you have, because a "lower income resident" just moved in!

(not to offend lower income residents.)

You pay for luxury.

I wish New York City had a 2,500sq loft for less than $4m!

My question is this 321,

what do you consider a good price to live in the city? In a perfect world, money is no object. Where? How much, why, ect, ect.

Just want to see where your coming from!

<313>
Top of pageBottom of page

E_hemingway
Member
Username: E_hemingway

Post Number: 1326
Registered: 11-2004
Posted on Tuesday, September 18, 2007 - 5:17 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

quote:

You are the one who thinks everyone from the suburbs drive in to town with their windows rolled up parks in a garage goes to wherever they are going, then drives home with their windows up.

I'm not that guy.



It's hard to believe that when you just drive home because Cheli's kitchen is closed instead of walking a block or two in just about any other direction to the numerous other places selling food. Besides, what sane person goes into Cheli's after a ball game when it's all tuckyfied?
Top of pageBottom of page

321brian
Member
Username: 321brian

Post Number: 445
Registered: 02-2006
Posted on Tuesday, September 18, 2007 - 9:18 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Bill,
You my friend are in a great location.

313,

I guess a good price to live in the city would depend on the area and what is offered in the property.

I would pay market prices to live in Palmer Park or Indian Village if Detroit didn't lack the basics I have pointed out in my posts above and if property taxes were lower. Basically that is what is keeping me out of there now.

I think a fair price to live in a loft in the city of Detroit is about $120-$150 per square foot. If I remember this development is about $200-300. In other cities (NY) much higher.

If I was in the market or had a client in the market I wouldn't buy or tell anyone to buy one of these. I would tell then to look in to renting for 6 months to a year and then make a decision.

I just really don't care for all the lofts. Exposed brick and duct work just don't do it for me.

The whole "walkable city" thing is kind of a chicken or the egg thing. Who comes first the residents or the businesses (grocery stores, coffee shops, etc.) Right now it doesn't matter where you buy in Downtown because chances are you will be doing a decent amount of driving to get what you need.

E,
We left early. My wife can only handle about 3 quarters of the Lions. So the game wasn't even over when they stopped serving. Besides how do you know who was open Sunday? There wasn't anything open on the way to my car. I parked by DTE. Unless the diner in the motel counts.
Top of pageBottom of page

Lefty2
Member
Username: Lefty2

Post Number: 168
Registered: 07-2007
Posted on Tuesday, September 18, 2007 - 10:00 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

321
I agree with you on the Lofts are indeed overpriced "in this market at this time". Too much psf, yes.
Some people don't mind paying i guess.
Top of pageBottom of page

E_hemingway
Member
Username: E_hemingway

Post Number: 1328
Registered: 11-2004
Posted on Tuesday, September 18, 2007 - 10:05 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

quote:

There wasn't anything open on the way to my car.



I think part of it might be knowing what is around, because some of those nearby places are not as obvious and in your face as Cheli's. For future reference, try going to Park Bar. It's located at the corner of Park and Elizabeth streets next to Cliff Bells jazz bar, a block behind the State (Fillmore) Theater. The grill there serves the best schwarma, among a variety of other items, and doesn't close until well after midnight. Get a post- or pre-game beer or food there and the chances are you will love it. Jerry, the owner, is a great guy.

Other places within a few short blocks of Cheli's worth visiting:
Detroit Beer Company
Small Plates
The Elwood
Proof (I think they serve a light menu still)

Still more places within a few more blocks yet easy walk:
Jacoby's
Sweetwater
Detroiter
Checker
Hockeytown
All of Greektown
Coaches Corner
Baltimore Lunch (Ted's)

I live down here and frequent these places too often. Most of these fine establishments and their kitchens are open post Lions and Tigers games, even on Sunday. Methinks if you couldn't find a place to eat after Cheli's turned you down, you weren't trying too hard.
Top of pageBottom of page

Monahan568
Member
Username: Monahan568

Post Number: 223
Registered: 04-2004
Posted on Tuesday, September 18, 2007 - 10:12 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

dose any one know of a loft development in detroit that has not used some kind of tax credits?
Top of pageBottom of page

321brian
Member
Username: 321brian

Post Number: 446
Registered: 02-2006
Posted on Tuesday, September 18, 2007 - 10:59 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

E,
You are right. I wasn't trying too hard.

We were just looking to make a quick escape and watch the rest of the game while eating. I really wasn't in the mood to go out of my way (basically anything but Hockeytown. The Ellwood was closing up too).

I know my way around downtown but I haven't been to the Park Bar.

Thanks Lefty. Thats all I was saying.
Top of pageBottom of page

Rsa
Member
Username: Rsa

Post Number: 1274
Registered: 10-2003
Posted on Wednesday, September 19, 2007 - 10:36 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

you guys are really thinking about this the wrong way. overpriced is not what you think a loft should go for, or what the market demands, but what it cost to renovate the building.

many of these projects are bank financed based on very specific income projections. this is what locks in the prices of these units, not the market. there's also the sheer reality of these developers getting their invested money back. they're not going to cut prices, take a loss just so they can sell.

$125-$150 a square foot is extremely low for any type of new construction (renovation or new build). i highly doubt that you can find that anywhere in the metro area. and if you could, i would be somewhat suspicious of the amenities, quality, and longevity of the structure. this price is much more available on existing structures (like 1300 lafayette).

while i will agree that some loft prices are maybe a little inflated, they are not unrealistic nor overpriced. if it was only profit that lower the prices was cutting into, then we would've seen the prices in the carola, edmund place, ellington, springfield, grinell, etc. lower a long time ago. you can also notice that most loft developments are all around the same price p.s.f. which is a very tell-tale sign. it's extremely unlikely that every single developer got together to develop the same product at the same price point-it's just not competitive or smart business.

speaking of smart business; chelli's has always closed at the third quarter of lions games. not many people go there afterwards and not many people go there on a sunday night at all. it's much better to rely on the more "dive" bars to be open on off days (sundays and mondays).

-rsa (RockStArchitect)
Top of pageBottom of page

Oldoak
Member
Username: Oldoak

Post Number: 9
Registered: 09-2007
Posted on Friday, September 28, 2007 - 12:06 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Honest John's on Seldon serves until 2:00 a.m. every night last I checked. It's not a walk from the stadium but you would have been able to watch the last few minutes of the game.
Top of pageBottom of page

Oldoak
Member
Username: Oldoak

Post Number: 10
Registered: 09-2007
Posted on Friday, September 28, 2007 - 12:11 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Honest John's on Seldon serves until 2:00 a.m. every night last I checked. It's not a walk from the stadium but you would have been able to watch the last few minutes of the game.
Top of pageBottom of page

Oldoak
Member
Username: Oldoak

Post Number: 11
Registered: 09-2007
Posted on Friday, September 28, 2007 - 12:15 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

I did not find an answer to the balcony question -- this I know. I lived in a building this developer owns for about four months, right before he got the deal together to purchase the Willy. He was very very excited that he and his design team had found a way to construct balconies in a rehab situation. Have not driven past lately so I am taking a risk that the answer is there to see right now but I know his intention was to do the balconies.
Top of pageBottom of page

Brandon48202
Member
Username: Brandon48202

Post Number: 185
Registered: 12-2004
Posted on Friday, September 28, 2007 - 11:57 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Yes, the building will have balconys. You can see that they have enlarged many of the window openings to accomodate this.

Also, RSA is correct. The expense to renovate an old building into lofts is really expensive. Margins on this sort of product are much lower than margins for new construction like the Crosswinds stuff. Product can not be significantly discounted because bank loans needs to be paid off.
Top of pageBottom of page

Gianni
Member
Username: Gianni

Post Number: 306
Registered: 05-2004
Posted on Friday, September 28, 2007 - 2:05 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

I had the same experience at Chelli's when I decided to try it when the Tiger's were playing. I can't remember if the game was over or not, but it was at least near the end of the game. Kitchen closed! Seems their business plan is to cater to the suburbanites who want to go there before the game and then get out of Dodge. I wonder what they do when there is NO game. Another weird thing was that they had these big bad "security guard" bouncers with giant badges, which I suppose was to make everyone feel safe. (This was not too long after the terrible murders there -- which were committed by a disgruntled employee when the place was closed) Not really knocking the place, I'd like to try the food sometime. Just that their efforts to make the suburbanites feel safe may be over the top and even backfire. If they were open more maybe they would attract more of a downtown crowd like Detroit Beer Company and other places mentioned. There are many more options for a burger.

As far as the lofts go, I am rooting for them but I also wonder how many people are really going to pay those prices. Especially when there are much more reasonable options, like 1300 that was mentioned. Also the Mies van der Coops in Lafayette Park which IMHO (disclosure I live there) are a much, much better value. I wonder how a place like the Detroit Towers compares pricewise to these new lofts?
Top of pageBottom of page

Yelloweyes
Member
Username: Yelloweyes

Post Number: 191
Registered: 02-2007
Posted on Friday, September 28, 2007 - 2:43 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

What are you doing going to Cheli's for a good burger? That's your first mistake, any hardcore Detroiter will tell you to go to THe Bronx for a great burger. I believe that's walking distance from overland lofts.

Add Your Message Here
Posting is currently disabled in this topic. Contact your discussion moderator for more information.