Michigan Real Estate News

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Demolition Contract For Portion of Packard Plant to be Awarded This Month

The Detroit City  Council will consider awarding a demolition contract for a portion of the Packard Plant later this month.  Only one bidder responded to a May request for proposals to tear down the building at 6199 Concord St.  The city will most likely award the contract to the unnamed bidder in the next week. According to the director of the Detroit Demolition Department, the city is moving quickly to tear down that portion of the plant because of the danger it poses to The Display Group Ltd., who operates its Display Group Creative Collective in the adjacent space. Demolition is expected to begin in late summer.

 

Long Awaited Demolition on Detroit Building Begins

The Gateway Center building, across from the Westin Book Cadillac hotel, is being demolished. Plans for the demolition have been known as far back as 2016.  The upper exterior on its western side was removed by Thursday afternoon. The demolition is expected to be finished by August. Owner Richard Karp indicated that he wanted to do a mixed-use development back in 2016. He declined to comment on the recent activity. Entities linked to Karp’s Lansing-based Karp and Associates development firm paid $700,000 for the building in 2013.

 

Historic Downtown Building Changes Hands in $5.9 Million Deal

The historic Merchants Building in downtown Detroit has sold in an off-market deal for $5.9 million.  A party linked to Detroit-based Method Development LLC bought the building last month. Method will share full development plans for the project in the near future. Broadway Merchants LLC bought the building in 1996. The building was listed in 2014 for $4 million, but never traded hands.  Method has been active in other parts of the city, as well.