321brian Member Username: 321brian
Post Number: 430 Registered: 02-2006
| Posted on Sunday, September 16, 2007 - 10:09 am: | |
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? |
Southen Member Username: Southen
Post Number: 287 Registered: 08-2006
| Posted on Sunday, September 16, 2007 - 10:54 am: | |
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. |
6nois Member Username: 6nois
Post Number: 503 Registered: 11-2006
| Posted on Sunday, September 16, 2007 - 11:39 am: | |
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. |
Thejesus Member Username: Thejesus
Post Number: 2124 Registered: 06-2006
| Posted on Sunday, September 16, 2007 - 11:52 am: | |
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. |
Supergay Member Username: Supergay
Post Number: 84 Registered: 05-2006
| Posted on Sunday, September 16, 2007 - 12:40 pm: | |
321Brian is a development genius, that's why. It is a badge of honor to out-debate him/her. |
321brian Member Username: 321brian
Post Number: 432 Registered: 02-2006
| Posted on Sunday, September 16, 2007 - 2:19 pm: | |
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. |
Iheartthed Member Username: Iheartthed
Post Number: 1626 Registered: 04-2006
| Posted on Sunday, September 16, 2007 - 2:32 pm: | |
You can talk about what an ass I am tomorrow when you are all in line to put down deposits on one. LOL. |
Charlottepaul Member Username: Charlottepaul
Post Number: 1702 Registered: 10-2006
| Posted on Sunday, September 16, 2007 - 6:09 pm: | |
"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. |
321brian Member Username: 321brian
Post Number: 436 Registered: 02-2006
| Posted on Sunday, September 16, 2007 - 8:20 pm: | |
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. |
Rjlj Member Username: Rjlj
Post Number: 394 Registered: 11-2003
| Posted on Sunday, September 16, 2007 - 10:58 pm: | |
I will agree with Thejesus on this one. 321brian is a joke. |
321brian Member Username: 321brian
Post Number: 437 Registered: 02-2006
| Posted on Sunday, September 16, 2007 - 11:20 pm: | |
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? |
Rjlj Member Username: Rjlj
Post Number: 395 Registered: 11-2003
| Posted on Sunday, September 16, 2007 - 11:34 pm: | |
I hate to say this but go back to North Carolina if this is the way you are. |
321brian Member Username: 321brian
Post Number: 438 Registered: 02-2006
| Posted on Monday, September 17, 2007 - 6:11 am: | |
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. |
Spitty Member Username: Spitty
Post Number: 610 Registered: 07-2004
| Posted on Monday, September 17, 2007 - 10:24 am: | |
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! |
Thejesus Member Username: Thejesus
Post Number: 2126 Registered: 06-2006
| Posted on Monday, September 17, 2007 - 10:51 am: | |
"Death to all who bash Detroit and it's burgers and lofts!" : D |
Detroitduo Member Username: Detroitduo
Post Number: 855 Registered: 06-2005
| Posted on Monday, September 17, 2007 - 11:04 am: | |
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! |
Eric Member Username: Eric
Post Number: 928 Registered: 11-2004
| Posted on Monday, September 17, 2007 - 11:44 am: | |
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. |
Rjlj Member Username: Rjlj
Post Number: 396 Registered: 11-2003
| Posted on Monday, September 17, 2007 - 12:06 pm: | |
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. |
Charlottepaul Member Username: Charlottepaul
Post Number: 1704 Registered: 10-2006
| Posted on Monday, September 17, 2007 - 12:56 pm: | |
321brian, I just wish that Charlotte had a tenth of the number of historic buildings Detroit had. |
Classico Member Username: Classico
Post Number: 60 Registered: 12-2005
| Posted on Monday, September 17, 2007 - 1:53 pm: | |
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. |
Spitty Member Username: Spitty
Post Number: 612 Registered: 07-2004
| Posted on Monday, September 17, 2007 - 1:57 pm: | |
"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. |
Classico Member Username: Classico
Post Number: 61 Registered: 12-2005
| Posted on Monday, September 17, 2007 - 2:31 pm: | |
^^^ Spitty lol |
321brian Member Username: 321brian
Post Number: 439 Registered: 02-2006
| Posted on Monday, September 17, 2007 - 5:19 pm: | |
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. |
Atperry Member Username: Atperry
Post Number: 272 Registered: 12-2004
| Posted on Monday, September 17, 2007 - 8:07 pm: | |
On a related note, the FD lofts are almost fully leased http://modeldmedia.com/develop mentnews/fdlofts11107.aspx |
321brian Member Username: 321brian
Post Number: 440 Registered: 02-2006
| Posted on Monday, September 17, 2007 - 10:12 pm: | |
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. |
Croweblack Member Username: Croweblack
Post Number: 46 Registered: 02-2007
| Posted on Monday, September 17, 2007 - 10:57 pm: | |
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) |
Classico Member Username: Classico
Post Number: 62 Registered: 12-2005
| Posted on Monday, September 17, 2007 - 11:12 pm: | |
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. |
Detroit313 Member Username: Detroit313
Post Number: 481 Registered: 02-2006
| Posted on Monday, September 17, 2007 - 11:20 pm: | |
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> |
Docmo Member Username: Docmo
Post Number: 294 Registered: 10-2005
| Posted on Tuesday, September 18, 2007 - 12:15 am: | |
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. |
Detroitduo Member Username: Detroitduo
Post Number: 856 Registered: 06-2005
| Posted on Tuesday, September 18, 2007 - 5:55 am: | |
^^^^^ 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! |
321brian Member Username: 321brian
Post Number: 443 Registered: 02-2006
| Posted on Tuesday, September 18, 2007 - 6:16 am: | |
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? |
Docmo Member Username: Docmo
Post Number: 295 Registered: 10-2005
| Posted on Tuesday, September 18, 2007 - 8:09 am: | |
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. |
Detroitbill Member Username: Detroitbill
Post Number: 320 Registered: 09-2006
| Posted on Tuesday, September 18, 2007 - 8:53 am: | |
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. |
Detroitduo Member Username: Detroitduo
Post Number: 858 Registered: 06-2005
| Posted on Tuesday, September 18, 2007 - 10:39 am: | |
You think it's bad on a Sunday in the City, you should try living in Europe! EVERYTHING is closed on Sundays. |
Hans57 Member Username: Hans57
Post Number: 193 Registered: 05-2006
| Posted on Tuesday, September 18, 2007 - 10:59 am: | |
Detroitduo has a point. I was in Naples(Italy) about six weeks ago on a Sunday, it was desolate. |
Oliverdouglas Member Username: Oliverdouglas
Post Number: 125 Registered: 02-2006
| Posted on Tuesday, September 18, 2007 - 11:06 am: | |
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. |
321brian Member Username: 321brian
Post Number: 444 Registered: 02-2006
| Posted on Tuesday, September 18, 2007 - 3:30 pm: | |
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. |
Detroitbill Member Username: Detroitbill
Post Number: 321 Registered: 09-2006
| Posted on Tuesday, September 18, 2007 - 4:33 pm: | |
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. |
Detroit313 Member Username: Detroit313
Post Number: 483 Registered: 02-2006
| Posted on Tuesday, September 18, 2007 - 4:52 pm: | |
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> |
E_hemingway Member Username: E_hemingway
Post Number: 1326 Registered: 11-2004
| Posted on Tuesday, September 18, 2007 - 5:17 pm: | |
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? |
321brian Member Username: 321brian
Post Number: 445 Registered: 02-2006
| Posted on Tuesday, September 18, 2007 - 9:18 pm: | |
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. |
Lefty2 Member Username: Lefty2
Post Number: 168 Registered: 07-2007
| Posted on Tuesday, September 18, 2007 - 10:00 pm: | |
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. |
E_hemingway Member Username: E_hemingway
Post Number: 1328 Registered: 11-2004
| Posted on Tuesday, September 18, 2007 - 10:05 pm: | |
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. |
Monahan568 Member Username: Monahan568
Post Number: 223 Registered: 04-2004
| Posted on Tuesday, September 18, 2007 - 10:12 pm: | |
dose any one know of a loft development in detroit that has not used some kind of tax credits? |
321brian Member Username: 321brian
Post Number: 446 Registered: 02-2006
| Posted on Tuesday, September 18, 2007 - 10:59 pm: | |
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. |
Rsa Member Username: Rsa
Post Number: 1274 Registered: 10-2003
| Posted on Wednesday, September 19, 2007 - 10:36 am: | |
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) |
Oldoak Member Username: Oldoak
Post Number: 9 Registered: 09-2007
| Posted on Friday, September 28, 2007 - 12:06 am: | |
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. |
Oldoak Member Username: Oldoak
Post Number: 10 Registered: 09-2007
| Posted on Friday, September 28, 2007 - 12:11 am: | |
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. |
Oldoak Member Username: Oldoak
Post Number: 11 Registered: 09-2007
| Posted on Friday, September 28, 2007 - 12:15 am: | |
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. |
Brandon48202 Member Username: Brandon48202
Post Number: 185 Registered: 12-2004
| Posted on Friday, September 28, 2007 - 11:57 am: | |
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. |
Gianni Member Username: Gianni
Post Number: 306 Registered: 05-2004
| Posted on Friday, September 28, 2007 - 2:05 pm: | |
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? |
Yelloweyes Member Username: Yelloweyes
Post Number: 191 Registered: 02-2007
| Posted on Friday, September 28, 2007 - 2:43 pm: | |
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. |